Secure diamond smart cards and exchange systems therefor

Abstract

A tamper-proof diamond package comprises a package body; at least one chip embedded in the package body and at least one antenna configured to enable communication with the chip; anti-counterfeiting visual impressions on the package body; a diamond pouch formed at a predetermined section within the package body; and one or more diamonds located inside the diamond pouch and an outer covering encasing the package body and configured to reveal any tampering with the one or more diamonds located in the diamond pouch. The diamond package can be credit card shaped and also contain serial number and website information and provide nominal dollar values. An associated diamond exchange system utilizes the diamond packages and provides a registration server which stores unique identifying information that enables interrogating the individual diamond packages and checking their authenticity with the registration server.

Description

CROSS-REFERENCE RTO RELATED APPLICATIONS[0001]The instant application is a continuation application of U.S. Patent Application Ser. No. 14 / 619,633 entitled SECURE DIAMOND SMART CARDS AND EXCHANGE SYSTEMS THEREFOR filed on Feb. 11, 2015 which claims benefit of and priority to Provisional Patent Ser. No. 61 / 938,923 filed Feb. 12, 2014 and Provisional Patent Ser. No. 62,022,365 filed on May 23, 2014, the contents of both of which are incorporated herein by reference.BACKGROUND OF THE INVENTION[0002]The present invention is directed to a system and method for authenticating and tracking expensive objects and, more particularly, to a system and method of packaging, trading, and creating a marketplace for standardized value and precious stone packages and to various security authentication features and elements related thereto.[0003]The world stock trading exchanges provide a very easy and convenient medium for issuing and trading in company shares. It is also easy to trade in certain wel...

AI Technical Summary

Benefits of technology

The present invention provides a secure and reliable marketplace for diamonds that can protect the merchandise from tampering. This is achieved through a secure diamond packaging format that ensures the safety of the diamgn.

Problems solved by technology

This is not the case, however, with respect to precious stones, particularly diamonds.

Valuation of diamonds cannot be done on the spot.

Authentication of diamonds that are actively traded poses an especially serious problem of authentication, including the substitution of fake or non-genuine diamonds for real diamonds, given the thousands of dollars price tag of individual diamonds.

Presently, creating a marketplace in diamonds is compromised by counterfeit items in the supply chain or channels.

The possibility of counterfeits creates the potential for unacceptable losses to purchasers, causing friction in trade and limiting the market to few sophisticated participants.

A second difficulty with creating a marketplace for diamonds is that owners may typically want to store their diamond merchandise with a third party, for example, a diamond warehouse, but require an authentic, convenient and highly reliable system for ascertaining that the specific goods are being held as agreed, without relying on the naked assurance of a third party alone.

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