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“Our investors, who very often have gold in their portfolios, sees diamond as something that is uncorrelated to other assets,” providing them an opportunity for diversification and hedging, he said. Kinney noted that the price of diamond is still playing catch-up with other precious metals, opening doors for investors to
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Diamond Standard, which is licensed in Bermuda to issue, sell and redeem tokens and digital assets, provides both retail and institutional investors with a diamond-backed digital currency. The physical coins, which are stored in a vault, hold eight to nine standardized diamonds. The diamond-embedded tokens are digitized through an Ethereum-based
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“Suddenly, changing the ownership of a diamond, in a way that has enormous amounts of documented evidence and will stand up in a legal setting, can happen entirely through simple on-chain transactions,” he said.“This fundamentally changes the nature of supply chains, where ownership can move disjunct from physical location, and
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Diamonds are some of the world’s most valued gemstones, and the global diamond industry has managed to remain afloat despite being partially eclipsed by the emergence of modern stocks and novel virtual assets.The diamond industry, however, appears to be undergoing a paradigm shift in recent times — incorporating modern technology
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Global diamond mining firm De Beers has launched a proprietary blockchain-powered platform to manage its diamond production and distribution.The firm has long been at work on a blockchain system to trace, record and manage its diamond mining, production and distribution across the globe. The Tracr platform was first piloted and
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Ethereum holders have been filling up their bags while the broader market had panicked through the dip it seems. The digital asset which had suffered from crashes and dips that had hit the market had seen its value fall as low as $2,500. However, these ‘diamond hands’ holders had remained
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Diamond’s SPAC Concord is now valuing stablecoin issuer Circle at $9 billion, twice the initial valuation. Original Source
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“This present sale is a continuation of our efforts to strive to lead the market given the strong cryptocurrency community,” Nikita Binani, Sotheby’s jewelry specialist and head of sales in London, told CoinDesk. “I would hope that we’re able to attract them towards this diamond.” Original Source
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With a 31.6% profit in the weekly chart, Bitcoin has been retaking his mantle as the king of the crypto market during the past days. The first cryptocurrency by market cap has been moving to the upside with a strong conviction and seem poised to retake its previous highs. Related Reading
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A South Florida federal district judge sentenced a Washington, D.C., man to six years in federal prison for operating a $25 million diamond investment scheme that included a crypto component. He must also pay over $23 million in victim restitution. The accused, Jose Angel Aman, and his partners were sentenced by U.S.
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