16-3-2021
Diamond Standard offers 5,000 Diamond Standard Coin priced at US$5,000payable in USD or ETH to offer “the first and only regulator-approved fungible diamond commodity”.
Each coin contains eight to 10 diamonds with a total carat weight three to four carats and comes with a wireless encryption chip compatible with Android smartphones. All are graded by the Gemological Institute of America (GIA) and the International Gemological Institute (IGI) assembled at IGI labs. The grading reports are stored inside the chip and on the blockchain.
All are sold under regulatory license from the Bermuda Monetary Authority and the offerings are internally audited by Deloitte.
Founder and CEO of Diamond Standard Cormac Kinney said the technology makes diamond liquid for investors and allows diamond to serve as a secure, deliverable, and easily traded commodity, like gold and silver. He believes diamond will be a new way to diversify and hedge against inflationary pressures in the marketplace.
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