Imagine gifting someone a diamond ring where the physical stone comes with a blockchain-based token representing its ownership or authenticity. Tokenisation could potentially make it easier to verify the history of a diamond, transfer ownership and maintain a digital record alongside the physical asset. For something as personal and valuable as jewellery, that could add an interesting layer of transparency and provenance. But it also raises practical questions: would people actually want a digital token attached to a traditional gift, and who would be responsible for maintaining the connection between the physical diamond and its digital record? Could tokenised jewellery become a genuine luxury trend?