Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...


Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 2018

Carats.io raises $1.6 mn in first financing round

15 may 2018

Carats.io has raised $1.6 mn in its first funding round led by Net Capital Ventures. The company is issuing the first digital coin backed by diamonds.

Image credit: Carats.io

According to CEO Avishai Shoushan, Carats.io is creating the first-ever viable secondary market for diamond commerce, combining the stability of diamonds with the liquidity of cryptocurrency. “We are bringing diamonds – the world’s most precious commodity – to financial markets as a safe, transparent and liquid financial asset,” he said.
CARAT tokens are 100% redeemable for diamonds because they are backed by real, certified diamonds. The company has created the Diamond Pricing Algorithm (DPA) which compares individual diamond grades to daily market conditions, based on not less than 14 diamond parameters. It has been deployed so far on over $11 bn worth of diamonds. It has also created the Get-Diamond Index (GDX), the first diamond market index of its kind, based on the daily diamond trading data within the IDE.

Aruna Gaitonde, Editor in Chief of Asian Bureau, Rough&Polished