Two leading diamond industry players have agreed to work with blockchain startup D1 Mint Limited to tokenize diamonds, according to a May 23 press release shared with Cointelegraph.
D1 Mint Limited, the creator of the diamond-backed crypto asset D1 Coin, has signed its first purchase agreement to buy 1,500 investment-grade diamonds, worth $20 mln, from global veteran KGK Diamonds, part of the De Beers group. The raw diamonds were supplied by the largest diamond mining company in the world, Alrosa.