The CEO Hoping to Turn Diamonds into Gold

The video discusses a new diamond trading platform that uses bars and coins embedded with wireless chips for authentication and trading. Each unit has a blockchain token, allowing it to be traded like digital currency. The platform aims to create a regulated market, with significant pre-orders from institutional investors and ETFs. The goal is to establish diamonds as a store of wealth similar to gold, with potential for integration into digital contracts and currencies.

What is the primary function of the wireless computer chip embedded in each diamond bar or coin?

• To authenticate and track the diamonds

• To reduce the cost of the diamond

• To increase the weight of the diamond

• To change the color of the diamond

Why did the company decide to be regulated despite the product not being a security?

• To increase the price of diamonds

• To ensure delivery to owners

• To limit the number of investors

• To avoid taxes

What is the expected role of ETFs in the diamond trading market?

• To decrease the value of diamonds

• To track and facilitate consumer use

• To replace gold as a commodity

• To eliminate the need for regulation

What percentage of diamonds is expected to be held by institutional investors in the future?

• 15%

• 25%

• 1%

• 5%

What unique feature makes diamonds a potential asset for digital contracts?

• Their color variety

• Their geological scarcity

• Their weight consistency

• Their easy authentication