EXCLUSIVE: Diamond Standard Launches Commodity Leasing Program
Portfolio Pulse from Vandana Singh
Diamond Standard Co, a developer of regulator-approved diamond commodities, has launched a commodity leasing program. Owners of Diamond Standard Coins and Bars can now lease them for 30-day terms to back the issuance of Carats commodity tokens. The company borrows Coins and Bars from private owners to issue Carats, and with the proceeds from the Carat sales, it produces new commodities to add to the reserve behind Carats and returns the private commodity to the lender with interest.
October 17, 2023 | 12:31 pm
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NEUTRAL IMPACT
Kingold Jewelry Inc. (KGJI) may be indirectly affected by Diamond Standard's new commodity leasing program as it could influence the diamond market dynamics.
While Kingold Jewelry Inc. (KGJI) is not directly mentioned in the article, it operates in the same industry. The launch of Diamond Standard's commodity leasing program could influence the diamond market dynamics, which may indirectly affect KGJI.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Signet Jewelers Ltd. (SIG) may be indirectly affected by Diamond Standard's new commodity leasing program as it could influence the diamond market dynamics.
While Signet Jewelers Ltd. (SIG) is not directly mentioned in the article, it operates in the same industry. The launch of Diamond Standard's commodity leasing program could influence the diamond market dynamics, which may indirectly affect SIG.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50