Meet the CEO Behind Diamond Coins

The video features Cormac Kinney, CEO of Diamond Standard, discussing the challenges and innovations in the diamond market. Diamond Standard aims to simplify diamond trading with its blockchain-backed Diamond Standard Coin. The company addresses market potential, liquidity, and supply challenges while ensuring ESG compliance and sustainability in diamond sourcing.

What is the primary innovation introduced by Diamond Standard to simplify diamond trading?

• Eliminating the need for diamond certification

• Standardizing diamonds into coins with equal characteristics

• Offering diamonds at a fixed price

• Creating a digital marketplace for diamonds

How does Diamond Standard plan to increase the liquidity of their diamond coins?

• By limiting the number of coins available

• By reducing the carat weight of the coins

• By increasing the supply to the market

• By setting a fixed price for all coins

What percentage of the global diamond supply does Diamond Standard aim for investors to own?

• 20%

• 5%

• 10%

• 15%

What is a significant challenge faced by Diamond Standard in sourcing diamonds?

• Bidding on a vast variety of diamond types

• Ensuring all diamonds are conflict-free

• Competing with other diamond manufacturers

• Finding diamonds with unique characteristics

How does Diamond Standard ensure ethical sourcing of diamonds?

• By adhering to the Kimberley Process and ESG compliance

• By sourcing diamonds exclusively from conflict-free zones

• By partnering with only local diamond vendors

• By using only synthetic diamonds