Diamond prices are overwhelmingly driven by consumer demand for jewelry,” asserts Cormac Kinney, founder and CEO of Diamond Standard. “Diamonds are not correlated to anything else,” which makes them a strong diversifier and has driven a lot of institutional interest, he tells Daniela Cambone at the 2022 Stansberry Conference and Alliance Meeting. Kinney stresses the timing of their breakthrough product, “it’s a great opportunity.”
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00:00 Latest development from Diamond Standard
2:11 Diamond coin and diamond bar
3:08 Why hasn’t diamond as an asset not being a regulated industry?
4:23 Wholesale price change for diamonds
5:40 Why wasn’t there a diamond spot price before?
6:38 Diamond investment v.s. gold
7:25 What will move diamond prices?
8:22 The process of trading diamond to cash
9:12 What’s next for Diamond Standard?
9:50 What should investors know about diamond investing?
