Mountain Province Diamonds Inc T.MPVD

Mpvd

[Power33]

Diamond standard could be a game changer for rough diamond market  . They hope to launch many usd billions of this product in next 18 months. Their intention is to capture 10 pc annually of the polished diamond market. For regulation purposes, they are starting off with 25m usd. This is their beta test which needs to be audited by Deloitte. If they capture a material amount of the polished market, this will reduce the supply of diamonds that can be sold for retail. This should drive up diamond polished prices, which will feed down to rough prices. This is a totally new demand market , which I believe will drive up rough prices substantially in years to come. There are some heavyweight investors behind this operation. I will be watching closely

[stockpunter]

I agree.  Anyone interested in diamond investing should look at the video on the Diamond Standard website.  If they succeed, possibly 10% of annual rough production will be polished, then locked up in digital coins, bought by investors, held in commodity ETFs.  The cryptocurrency  fans will one day wake up to the advantages of having something real backing their coin. 

[12ga]

I don't see how this can work, as no one as yet has found a way to counterfeit gold, however gem quality diamonds are now being produced in Labs? The value in diamonds is really only eaqual to the effectiveness of DeBeers marketing...

[DukesMacKensie]

This post has been removed in accordance with Community Policy

[Craz1357]

The diamond standard coin is a great idea it is more for diamond manufactures that sell polished dia the size of dia are .75 cts.down to .23cts.  if the diamond coin market gets into the billions it will definitely increase  the rough diamond price by how much it hard to say if it get to expensive it will  ruin the jewellery market and that is huge and will definitely hurt