5 thousand Cash, priced at $5,000 every (payable in USD or ETH), make up the preliminary commodity providing of $25 million. This providing will set up the everlasting diamond content material that have to be contained in each Diamond Normal Coin. All diamonds can be bought through clear bidding and statistical sampling, and made public.
“Diamonds are the last word arduous asset—a $1.2-trillion pure useful resource that was by no means earlier than accessible to buyers,” stated Cormac Kinney, Founder and CEO of Diamond Normal. “Our breakthrough know-how unlocks the potential for diamonds to take their place subsequent to gold and silver as a safe, deliverable, and simply traded commodity.”
MAKING THE MARKET
Beginning February 16, buyers should buy at diamondstandard.co/offering.
Following the preliminary providing, a public pattern of roughly 50,000 diamonds can be bought by means of a clear bidding course of on the Diamond Normal Change (DSE), the first-ever free diamond market maker. The DSE bids on thousands and thousands of types of diamonds utilizing an automatic market-making system, adjusting bids till a statistically legitimate pattern of diamonds will be bought.
The geological yield of this pattern would be the everlasting benchmark for all Diamond Normal Cash. Towards this customary, anybody can confirm the validity of any pattern or Coin. Inside roughly 28 days following the shut of the preliminary providing, Diamond Normal will ship the Cash to buyers or their custodians, they usually turn out to be transactable on digital exchanges.
After the preliminary sale, the market worth of the Coin can be established by unbiased buying and selling on varied digital exchanges. Like gold, there can be a every day repair, used to settle the forthcoming futures on CME Globex and choices on MIAX, and to report the net-asset-value for any securities or institutional funds.
BRILLIANT TECHNOLOGY
Every lovely Coin is designed to have the identical worth, containing a statistically calibrated set of diamonds encased in clear resin, and a military-grade wi-fi encryption chip. The chip shops a digital token which permits house owners to immediately authenticate, audit and commerce the Coin electronically, utilizing blockchain know-how.
When the Diamond Normal Coin is held by custodians (corresponding to IDS Delaware, a subsidiary of Dillon Gage) of their vaults accepted by the CME and different exchanges, house owners will be capable to record and commerce the token on digital exchanges.
EARLY INVESTORS
Horizon Kinetics, an funding agency with $6 billion AUM, led a $15-million funding spherical for Diamond Normal simply previous to the launch of the Coin’s preliminary public commodity providing.
“Horizon Kinetics seeks to seek out promising new belongings early on,” stated Alan Swimmer, Managing Director of Horizon Kinetics LLC. “That is an particularly attention-grabbing alternative: a doubtlessly undervalued commodity with a protracted historical past of curiosity from buyers, mixed with the effectivity of a digital asset. We consider that diamonds are a brand new option to diversify and hedge in opposition to inflationary pressures within the market.”
COMMITMENT TO TRANSPARENCY
Every Diamond Normal Coin is designed to have the identical every day market worth, and the Diamond Normal by no means adjustments over time. The statistically legitimate pattern of diamonds (bought by means of the DSE) and every Diamond Normal Coin are public for anybody to confirm.
The Gemological Institute of America (GIA) and the Worldwide Gemological Institute (IGI) independently grade and examine each diamond included in Diamond Normal commodities. IGI, a subsidiary of Fosun, inspects and transports the diamonds to New York Metropolis from eight world consumption areas, the place the Cash are assembled inside a gemological lab. Diamond Normal’s inner auditor is Deloitte.
About Diamond Normal Co.
Diamond Normal Co. is the creator of the world’s first and solely regulator-approved diamond commodity. By unlocking diamonds as a market-traded asset, Diamond Normal helps buyers to entry a pure useful resource at present value $1.2 trillion – greater than all of the world’s silver and platinum mixed. A breakthrough deliverable arduous asset, the diamond commodity offers diversification and a brand new retailer of wealth for institutional and particular person buyers, whereas bringing transparency and effectivity to the diamond provide chain. To speculate brilliantly or study extra, go to www.diamondstandard.co.
SOURCE Diamond Normal
