The precious gem and metals space is at a critical junction. Growing consumer awareness of unethical mining practices—deforestation, exploitation of workers, and financing of illicit organizations—is putting great pressure on both mines and retailers to prove that their products are ethically and sustainably sourced. Unfortunately, this industry has a long history of a lack of transparency that not only undermines consumer trust and confidence but also prevents jewelers from being able to build direct relationships with mines - forcing both parties to rely upon expensive middlemen.

Topl's precious gems and metals application provides mines and jewelers with the ability to record the information necessary to make claims regarding the ethical and sustainable origins of their products and to be fully transparent and verifiable to other supply chain actors. In addition to the information required to prove ethical origin, this platform allows for the recording of additional information that has proved highly appealing to consumers, such as a gem’s date of birth (extraction from the mine). In early sales through the application, our jewelry partners have been able to obtain premiums on their Topl-tracked diamonds, demonstrating the demand for such transparency. Moreover, by connecting mines and jewelers directly, Topl’s platform removes the unnecessary network of traders and distributors from the supply chain allowing mines and jewelers to receive better pricing by up to 15% each.