Diamond Standard

Diamond Standard is the producer of an exchange traded, regulated diamond commodity.[1][2][3] Equivalent to a standard gold bar for the diamond market, the diamond coin and bar enable investors to access an estimated $1.2 trillion asset class[4] for the first time. Futures contracts are in development by CFTC-licensees,[1] and an investment trust launched in 2022.[5][4]

Diamond Standard, Inc.

Type	Private
Industry	E-commerce
Founded	2018
Founder	Cormac Kinney (CEO & Founder)
Headquarters	New York City , USA
Area served	Worldwide
Products	Diamond Standard Coin, Diamond Standard Bar, Bitcarbon token
Website	diamondstandard.co

The commodity makes diamonds accessible to fund managers because the commodity is marked-to-market daily.[4] The coin and bar are physical, and each contains a standardized set of diamonds, graded and certified by the GIA.[1] The diamonds are acquired using an automated market-making and statistical sampling process.[1][6] The geological details of the diamonds is stored on a public blockchain.[1][7]

While the commodity is held by custodians, the asset is traded using a regulator-licensed blockchain token.[4] The diamond coin and bar contain an embedded wireless encryption chip.[1] The chip provides auditing and authentication, and stores the blockchain token, which can be transacted electronically and instantly.[1]

The Diamond Standard Coin offerings are regulated by the Bermuda Monetary Authority and audited by Deloitte.[1][6] The authenticity and fairness of the diamond commodity is ensured by full transparency regarding the contents, sourcing, and price discovery of the diamonds inside each commodity.[1]

To supply the commodity, the company formed the Diamond Standard Exchange. All diamonds contained in the commodity are priced and acquired via transparent bidding on this exchange.[8][9]

The company was founded in New York City and has offices in Hamilton, Bermuda,[10] the domicile of its regulator.[8]