Diamond Trading Firm Crafts Gemstones Into a Commodity
Diamond Standard envisions scenario akin to what happened once investors could buy and sell gold without hauling around bars of it.
Photographer: Amy Lombard
Publisher: The Wall Street Journal
Format: Print, Digital
Date: 2022/10/25
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Diamond Standard creates coins of equally valued clusters of the precious stones. Photograph by Amy Lombard for The Wall Street JournalDiamond Standard’s coins each contain between about 3.125 carats and 3.4 carats. Photograph by Amy Lombard for The Wall Street JournalMany buyers pay retail for diamonds but sell to dealers at wholesale prices, complicating the investment value. Photograph by Amy Lombard for The Wall Street Journal