Diamond Standard Commodity Launching in 2020
Survey of Peer-Reviewed Research Released
NEW YORK, — Diamond Standard Co. today released a compendium of academic and professional research, in advance of its launch of the first-ever regulated diamond commodity.
“Diamonds are a $1.2 trillion natural resource, soon available to investors as a fungible, standardized commodity. This research explores the significance of this new hard asset, as a store of value and uncorrelated hedge,” said Cormac Kinney, Founder and CEO of Diamond Standard Co.
Peer-Reviewed Research Summary
- A standardized diamond commodity, with regulatory oversight, will lead to broad institutional adoption. As a benchmark, 15% of platinum is held by investors.
- Standardization enables liquidity: market-determined fix price, financial products, and low transaction friction.
- Diamond returns are uncorrelated to other assets, an effective hedge in past recessions.
- Diamond prices are at a multi-year lows, while gold is at a multi-year high.
- Diamond demand (once commoditized) estimated at $180-300 billion.
Diamond Standard Coin
The Diamond
Standard commodities will be produced and sold under regulatory
supervision of the Bermuda Monetary Authority, with a license pending
final issuance. Each commodity contains the same total scarcity of
natural diamonds, and trade at one global market price, like gold. A
statistically valid sample of all GIA certified diamonds is acquired
through transparent bidding on an electronic exchange. Diamond data are
public for anyone to verify, and they are sealed inside a plastic coin,
along with a wireless encryption chip. Using digital tokens, owners
trade the Coin instantly, when held by a custodian. The Diamond Standard
Coin is authenticated for each transaction—for proof of asset.
For more info, or to reserve Diamond Standard Coins, go to www.diamondstandard.co.
For updates, please follow on LinkedIn or Twitter: @DiamondStdCo.
About Diamond Standard Co.
Diamond
Standard Co. is the developer and producer of the first diamond
commodity—a regulated, fair, fungible, and transparent hard asset, that
comes with a digital token for transactions. The company was founded by Cormac Kinney,
a quant finance pioneer who previously invented heatmaps, designed more
than 100 institutional trading systems, and perfected sentiment
analysis for statistical arbitrage. His innovations have been cited in
over 4,000 U.S. Patents, and four of his previous startups have been
acquired.
SOURCE Diamond Standard
CONTACT: [email protected]
