De Beers sold the most diamonds since June after the biggest price cut in years, but sales still remained lower than normal for this time of year.

RJK also optioned the Peddie kimberlite pipe from First Cobalt and can earn a 50% interest in that property.

The solution integrates with Tradewind’s existing VaultChain products, which present information on precious metal throughout the supply chain, including the name and geography of the mine where the metal was produced.

De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years.

He also said his government would implement reforms to make its products and services more competitive on the global market.