Unknown to most, diamonds undergo a multi-stage transformation between the mine and the jewelry store: Mining; Sorting and Pricing; Manufacture; Becoming a Jewel; and finally, the Sale. LOK plays a pivotal role in all aspects.

LOK controls diamond mining permits in a traditionally rich diamond area of South Africa offering a methodical, scientific, systematic, and mechanized approach to diamond mining. From the perspective of the blockchain, smart contract technology can identify the origin of an item and trace its journey from its source to its destination. Luxury items like diamonds and fine wines are highly valued because of their historical value. Blockchain can be used to verify provenance and increase its value. Imagine the use of a non-fungible token to represent ownership of individual diamonds. You trade the tokens without friction while the diamonds are vaulted and insured.