, additional production capacity is needed to meet rapidly growing investor demand,” the company said.
“The firm is hiring aggressively and building a new bar assembly facility in collaboration with the International Gemological Institute,” the statement added. The diamond industry has historically struggled to attract investors, despite its allure for jewelry, mainly due to the lack of a uniform system for standardizing the value of the precious gem. Diamond Standard is aiming to change that by making Ethereum-based tokens that are backed by physical diamonds, which are standardized and tradeable on several exchanges.
Diamond Standard, which is licensed in Bermuda to issue, sell and redeem tokens and digital assets, provides both retail and institutional investors with a diamond-backed digital currency. The physical
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