Chris Dessi: US$1.2 Trillion Diamond Market Ripe for Unlocking, Here's How to Do It

TL;DR

Diamond Standard is revolutionizing the diamond market by creating investment-grade diamond products and financial instruments, offering a unique opportunity for investors.

Transcript

i'm charlotte macleod with the investing news network and here today with me is chris desi chief revenue officer at diamond standard thank you so much for joining me today thanks for having me great to see you and we are we are here at bric very exciting to be at an in-person event i haven't had much chance to go down to the floor so what are you s... Read More

Key Insights

• ♦️ The diamond market has historically been underutilized as an investment opportunity, with less than 1% of the 1.2 trillion dollar diamond market held as investments.
• ♦️ Diamond Standard's innovative approach and suite of financial products aim to unlock the investment potential of diamonds, attracting both retail and institutional investors.
• 😫 The company's focus on transparency, compliance with regulations, and accountability sets it apart in the diamond market.
• 🌱 Diamond Standard plans to introduce additional investment vehicles, such as a peer-to-peer exchange and futures contracts, to provide liquidity and expand their offerings.
• 🥹 The goal of Diamond Standard is to increase the percentage of diamonds held as investments to about 15%, creating a 200 billion dollar market opportunity.
• 🚀 The performance of Diamond Standard coins has been positive, with a 34% return for initial investors since its launch.
• ♦️ The company has gained significant interest and support from investors who understand the potential of the diamond market and appreciate the value proposition offered by Diamond Standard's products.

Questions & Answers

Q: What sets Diamond Standard apart from other diamond investment options on the market?

Diamond Standard is the first company to unlock the diamond market's investment potential, offering investment-grade diamond products and financial instruments. This unique approach makes it a one-of-a-kind opportunity for investors.

Q: Can you explain the Diamond Standard Fund and how it compares to the Diamond Standard coin and bar?

The Diamond Standard Fund, launched in partnership with Horizon Kinetics, is designed for accredited investors. It requires a minimum investment of $25,000 and has a minimum holding period of one year. The fund provides another avenue for investors to access the diamond market.

Q: How does Diamond Standard ensure transparency and accountability in diamond purchases?

Diamond Standard purchases diamonds from over 100 different countries and follows the necessary regulations and standards. The company ingests the diamonds through its proprietary transparent diamond exchange and uses an optimizer to determine the geological value of each Diamond Standard coin, ensuring transparency and compliance.

Q: What are some misconceptions about diamonds as an investment, and how does Diamond Standard address them?

One major misconception is that De Beers owns all the diamonds and controls the market, which is not true. Diamond Standard actively purchases diamonds from various sources and operates in a transparent, regulated manner. The company has undergone rigorous audits and regulatory oversight to ensure the legitimacy of its operations.

Summary & Key Takeaways

• Diamond Standard is introducing a suite of financial products to unlock the 1.2 trillion dollar diamond market, which has traditionally been underutilized by investors.

• The company has created the Diamond Standard coin and bar, allowing retail investors to invest in diamonds and diversify their portfolios.

• In addition to physical products, Diamond Standard has launched the Diamond Standard Fund, designed for accredited investors, partnering with Horizon Kinetics to provide a unique investment opportunity.