The retailer failed to file its annual report on time and said it may issue a going concern warning.
Blockchain Provider Everledger Closes on $20M in Funding
The London-based tech company has developed blockchain platforms for both colored gemstones and diamonds.

London—Blockchain provider Everledger announced Tuesday that it has secured its first significant round of venture capital funding, $20 million backed by Tencent Holdings Ltd.
Based in Shenzhen, China, Tencent is a digital media and telecom conglomerate that’s one of the 10 biggest tech companies in the world by market cap, according to U.S. News & World Report.
Tencent now holds a seat on the Everledger board.
Also participating in the Series A round of funding were: Bloomberg Beta, Fidelity, Japanese e-commerce company Rakuten, and two venture capital firms, Graphene Ventures—whose investment portfolio includes Lyft and Snapchat—and Vickers Venture Partners.
The company offered its technology pro bono for the Moyo Gemstones pilot project in Tanzania, which aims to move the production of female miners in the Tanga region from mine to market.
RELATED CONTENT: State of the Diamond Industry—New Kids on the Block(chain)
The news that Everledger has completed its Series A funding comes less than a week after the company announced it was launching version 2.0 of its blockchain platform, and now has a partnership with Spanish jewelry manufacturer Facet, which launched a collection of blockchain-traced diamond jewelry, “DiamondByway.”
Everledger said it is the first collection of traceable jewelry in Europe.
In the wake of Tencent’s investment, Everledger said it plans to launch a program on WeChat—the Tencent-developed messaging (like WhatsApp), social media and payments app for the Chinese market—for blockchain-enabled diamonds that “aims to empower WeChat users to buy jewelry with more transparency and security.”
An Everledger spokesperson declined to share additional details on the WeChat Mini Program at this time.
The Latest

Smith recounts a recent trip to the post office that included an uncomfortable, embarrassing, and public exchange between two employees.

Founder Erica Silverglide has designed 35 colorful pieces set with fluorescing gemstones for the brand's first finished jewelry offering.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

“Ukrainian Jewelry | Contemporary Jewelry and Art Jewelry from Ukraine” features 33 contemporary Ukrainian designers and studios.


“The Golden Now” campaign celebrates the here and now with the brand’s signature styles and a selection of its new pieces.

Signet confirmed that Caffie, president of Zales and Banter, and Bentzen, who headed Blue Nile, have left the company.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

The antique jewelry dealer talks about the importance of including Black Americans in jewelry history and preserving their stories.

Both its mines faced challenges last year, from operational issues to disruptions in the market.

Iconic pieces, like the Mike Todd Diamond Tiara, appear in the superstar’s new music video for her song inspired by the actress.

The luxury retailer, which went Chapter 11 in January, announced Thursday that it has secured $500 million in exit financing.

The NouvelleBox ballroom will feature independent jewelry designers, including Lene Vibe, Wyld Box Jewelry, and Kiaia Limited.

The one-of-a-kind locket, our Piece of the Week, opens to reveal three hidden images to keep close to your heart.

The new facility was also designed to better serve its growing customer base in Canada.

The campaign is a tribute to the year 1893, when Kokichi Mikimoto created the world’s first cultured pearl.

The initiative connects veterans and parents returning to the workforce with careers in jewelry retail.

The wholesale manufacturer and precious metals refiner has appointed Michael Angelo as its new national sales representative.

Foundrae also accused the jewelry giant of copying its mood board style of marketing.

A Patek Philippe for Tiffany & Co. timepiece owned by the American businessman who died on the Titanic will be offered at Freeman's Chicago.

The Conference Board’s Consumer Confidence Index edged up, with optimism about the present outweighing worries about the future.

The retailer’s Zach Bear gift comes to life in “Zach Bear and the Window Necklace,” which centers on curiosity, bravery, and helping.

Applications are open for the AGA Gemological Scholarship Program through May 15, and until June 2027 for the Gemological Research Grant.

These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.

Mejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.

The Miami-based jewelry brand and the NYC-based artist will be in Dallas from April 9-11.

The initiative invites those in the industry to share stories on social media highlighting the meaning and impact of natural diamonds.























