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This interview was filmed on March 24, 2022.
The diamond market has long presented challenges for investors. Prices are difficult to determine, sourcing can be tricky and it’s often difficult for buyers to resell the gems.
Cormac Kinney, founder and CEO of Diamond Standard, believes he’s found a way to solve those problems and open up the diamond market to both large and small investors.
“I became fascinated that the diamond industry is US$1.5 trillion, which is more than silver, platinum, palladium and rhodium combined, but an investor could never invest in diamonds because there was no price discovery,” he said. “Every diamond is a little different, there was no liquidity — I thought I could solve that using computer science, and that’s exactly what I did.”
0:00 – Intro
0:18 – Cormac’s background and Diamond Standard
1:57 – Diamond Standard’s pricing and products
5:41 – Diamond prices finally rising after 17 years
8:31 – Long-term outlook for diamond prices
11:16 – The role of diamonds in a portfolio
14:45 – Diamond options, futures, ETFs and more
18:19 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.