Diamond Standard Company Research Report
Company Overview
- Name: Diamond Standard Inc.
- Mission: To transform diamonds into a standardized, investable asset class backed by patented technology, providing transparent, liquid, and tradable diamond commodities.
- Founded: 2018
- Founder: Cormac Kinney
- Key People:
- Cormac Kinney, Founder and CEO. A quant finance pioneer, Kinney has been the founder of four software startups and has raised over $500M in venture capital.
- Headquarters: No information is available
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Diamond Standard is known for introducing the first fully investable, standardized diamond commodity. The company has financialized diamonds by developing fungible diamond commodities like Coins and Bars that can be traded on the spot market.
Products
Diamond Standard Coins
- Description: A fungible commodity; a physical coin containing a set of natural diamonds.
- Key Features:
- Equivalent diamond sets standardized for investment purposes.
- Integrated wireless NFC chip for authentication and trading.
- Priced at $3,530 with daily updates.
Diamond Standard Bars
- Description: A commodity bar; a physical bar containing an optimized set of natural diamonds.
- Key Features:
- Participates in settlement for futures and options contracts.
- Wireless technology for real-time auditing and authentication.
- Available for $35,300, updated daily.
Diamond Standard Carats
- Description: A commodity token enabling investment in diamonds at a fractional cost.
- Key Features:
- Start with only $25 investment.
- Represents a fraction of a Diamond Standard Coin or Bar.
- Tokenized, allowing digital transactions.
Diamond Standard Fund
- Description: An investment vehicle co-sponsored with Horizon Kinetics.
- Key Features:
- A private fund with a $100,000 minimum investment.
- Provides exposure to the Diamond Standard Commodities.
Recent Developments
- New Products Launched:
- Diamond Standard Carats are now available globally, having listed on Bitrue as the first fungible commodity currency.
- Recent Activities:
- Collaboration with Oasis Pro for sales and trading of the Diamond Standard Fund on the ATS platform.
- Former Anglo American CEO Mark Cutifani joined the Diamond Standard Advisory Board for strategic guidance.
- A forthcoming feature of Diamond Standard Futures and Options on CME Globex Exchange and NYSE ARCA, pending regulatory approvals.
- New Partnerships:
- Partnership with GBI to introduce diamond commodities into its alternative assets platform.
- Innovations:
- Introduction of a standardized diamond commodity capable of blockchain engagement for real-time transactions and remote audits.
- Features patented computer science optimizations and advanced gemological assessments by IGI and GIA labs.
No additional new features or partnerships available beyond existing collaborations mentioned.
This detailed and structured report encapsulates the current state and vision of Diamond Standard Inc., underscoring its pivotal role in transforming the diamond commodity market through its innovative and standardized investment products. All information is sourced from available data with specific points marked as "No information is available" where applicable data could not be identified.
