Meet the CEO Behind Diamond Coins

Meet the CEO Behind Diamond Coins

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

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.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

20%

5%

10%

15%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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