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Analysis: Crypto Firms Betting on Diamonds
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Somewhere between the volatility of cryptocurrencies and thestability of diamond prices lies an opportunity for investors. That is, atleast, what several new initiatives to create diamond-backed crypto-coins arebetting on.In fact, developers of these coins, or “tokens,”...
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Technology
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Dec 11, 2018
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Avi Krawitz
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Israel Bourse Ends Cryptocurrency Deal
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The Israel Diamond Exchange (IDE) has terminated itspartnership with Carats.io because the cryptocurrency company did not haveregulatory approval, both organizations told Rapaport News. The IDE has required Carats.io to cease all...
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Technology
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Jun 26, 2018
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Joshua Freedman
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Diamond Cryptocurrency Startup Receives $1.6M
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Israeli startup Carats.io received first-round funding forits diamond cryptocurrency venture, the company said Monday. The enterprise, which is working in partnership with theIsrael Diamond Exchange (IDE), raised $1.6 million from Net Capital...
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Technology
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May 14, 2018
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Rapaport News
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Traders Optimistic at Israel Diamond Week
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Sentiment was strong at International Diamond Week in Israelas traders displayed optimism about the market and noted shortages were supporting prices.Visitors observed increased traffic and exhibitor numbersfrom last year, with dealers from...
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Polished Markets
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Feb 08, 2018
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Joshua Freedman
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Israel Bourse to Launch Cryptocurrencies
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The Israel Diamond Exchange (IDE) plans to reveal two newcryptocurrencies createdspecifically for the diamond industry by startup CARATS.IO, the exchange said Monday.CARATS.IO will host a seminar during the International Diamond Week in Israel (IDWI),...
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Rough Markets
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Jan 15, 2018
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Rapaport News
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Is Bitcoin Good for Diamonds?
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Picture this: You’re helping a customer who is very close tomaking a purchase on a good-quality, high-value diamond. The topic of paymentcomes up, and instead of using Apple Pay or pulling out a recognizable creditcard, this client asks if you’re...
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Financial-Legal
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Nov 08, 2017
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Rachelle Bergstein
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Israel Eyes Diamond-Backed Currency
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The Israel Diamond Exchange (IDE) has collaborated with startup company CARATS.IO to launch a diamond-backed digital currency.Trading in “CARATS.IO Diamond Currency,” or CDC, will be based on an index that reflects activity in the IDE, the Israel Diamond...
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Polished Markets
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Sep 10, 2017
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Rapaport News
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