Blockchain is a Girl’s Best Friend: Startups Modernising the Diamond Trade

[kreslik.news]

Diamonds have been traded for thousands of years. Much like gold, they are a natural commodity to which human beings have long attached great intrinsic value. However unlike gold, and most other commodities, the diamond trade has remained largely physical, that is, diamonds have not available for trade as financial assets.

Modernising the industry has been a challenge for a number of reasons – monopolies, high costs, and the fact that diamond valuation is a niche expertise. For most people their only experience of diamonds is the one-time experience (if they’re lucky) of ... (read more)