02/17/2021
World Diamond News!
Combining the intrinsic value of gem quality diamonds and the blockchain technology of bitcoin, a fintech startup will tomorrow launch standardized diamond "coins" for investors in a move which could "reinvent the supply chain".
Diamond Standard will offer the first 5,000 diamond standard coins, each containing "a set of certified natural diamonds with identical geological scarcity" weighing 4.5 carats and to the exact value of $5,000.
Each coin (pictured) also stores a wireless blockchain token that allows it to be traded on leading digital exchanges. Pretty cool!
The initial public offering took place yesterday.