Gifting Precious Jewellery the Right Way Using Blockchain Technology

The global jewelry market size was valued at USD 278.5 billion in 2018, and the numbers are expected to increase significantly by 2025, as per recent statistics. Precious jewelry makes great gift options, regardless of the occasion. However, there is usually a rise in the purchase of jewelry for the purpose of gifting during the Christmas season. CensusWide’s studies show that 47.4% of women want to get jewelry for Christmas.

Why is it a trouble to maintain the security of jewelry:

Though studies and figures prove with no doubt that precious jewelry is never likely to go out of fashion, the idea of keeping jewelry secure is daunting for many. Valuable goods like expensive jewelry are always on the radar of forgers and counterfeiters. Moreover, it is considered a hassle by several customers to transfer ownership of jewelry for gifting or reselling purposes. Costly jewelry always comes with several vital certificates that need to be kept safe, and manual methods of keeping a check on it all can be cumbersome.

However, just because the process of maintaining jewelry security can be tiring, it should not stop customers from gifting them, especially considering the demand for precious metals as gifts. In the digital age, there are quick options to transfer ownership of  precious jewelry without going into too much trouble.

How is blockchain technology transforming jewelry ownership?

Blockchain technology is taking over the luxury goods industry by storm, and for all the right reasons. In an industry where products of steep prices are transferred every day, it is obvious that security will always remain a priority. The rising number of counterfeiting cases has only managed to make the security measures taken in the luxury goods industry in general to become tighter than ever before.

Blockchain technology is doing its part for the industry by providing a digital way to establish better protection for luxury goods. With the help of blockchain technology, users can take ownership of their valuables efficiently without having to worry about safety. Transactions made in relation to the valuable product can only happen under the guidance of the owner. Blockchain technology also makes it easier to transfer the ownership of jewelry from one person to another without having to go through unnecessary hassles on a manual basis.

What makes Authlink the right choice for transferring jewelry ownership:

Authkink’s services work with the best of what blockchain technology has to offer, and this is especially true when it comes to transferring the ownership of precious jewelry. When a user takes ownership of a particular jewelry piece through Authlink, he/she has total control of what can happen with it. It is upto the owner to decide to whom information related to the product should be shared, or whether any information is shared at all.

All the relevant documentation related to the jewelry can be securely recorded along with the digital identity of the product in Authlink’s system. This means that the owner will always have a digital copy of the valuable documents in a completely safe and secure space. The owner need not go through any privacy risks throughout the entire process.

When it comes to transferring the ownership of jewelry to another person, the owner never fails to be in charge of the process as well. With Authlink’s assistance, it is incredibly easy to transfer ownership of any jewelry piece along with its certifications through a secure channel. The new owner can then enjoy all the privileges that the previous owner did while using Authlink’s services.

For all these reasons, the best way to gift precious jewelry is by making use of the premium services that Authlink provides.

Schedule a free demo of the Authlink platform here, or sign up for the beta version here.