Diamond Standard Coin
Regulated Offering
Diamond Standard Coin Regulated Offering
Diamond Standard Bar
Regulated Offering
Diamond Standard Bar Regulated Offering

Diamond Standard Coin Regulated Offering

Regulated, licensed and supervised by the Bermuda Monetary Authority

Internal audits by Deloitte

Every coin contains natural diamonds which in aggregate meet or exceed the Diamond Standard established in the IPO

Diamonds purchased via transparent bidding and statistical sampling

Diamonds graded and/or reconfirmed by the Gemological Institute of America and International Gemological Institute

Diamond Commodity Product with Utility Token Offering

Every Diamond Standard Coin (the “Coin”) is equal. It is a physical commodity composed of a statistically calibrated set of natural diamonds and an embedded digital blockchain token used to transact it in the near future. The set of diamonds inside every Coin are calibrated to be geologically equivalent.

When you purchase this product, we buy diamonds via an exchange as part of a large sample, and then assemble and deliver the physical diamond Coins. Your funds are held in escrow under regulatory supervision until the diamonds are inspected, and delivered to an independent gem lab for assembly.

We will deliver your Diamond Standard Coin to your address in the US, or you can have it delivered to an approved US custodian. For the token key, at your option, we will a) not issue it yet, b) deliver it to you for self-custody, or c) deliver it to a digital custodian.

In the near future, you will be able to use the token to transact (sell, lend) your token inside our network.

This Ongoing Offering is for new Coins which conform to the Diamond Standard — a public index of the geological content that was established by a regulator supervised initial offering in 2021.

How are Diamond Standard Coins Equivalent?

To make Diamond Standard Coins equivalent, the diamonds embedded inside are purchased through a statistical sampling process, by automatically bidding on global diamond inventories, to purchase a statistically valid sample of thousands of natural diamonds from around the world. Every purchase must comprise a statistically valid sample of the primary diamond characteristics, such as carat weight, color, and clarity, for natural white diamonds between 0.18 carats to 0.75 carats, and match the statistical characteristics of the original IPO sample. The bidding is transparent to all vendors. Diamond Standard may also purchase diamonds directly from consumers, and then have them independently graded.

The gemological details of every diamond acquired through this bidding process is made permanently public, and the diamonds are distributed into Coins fairly by an optimization system. The optimizer ensures that each Coin contains an equivalent share of gemological scarcity. Every Coin approximates the natural yield curve of the range of diamonds in the Earth’s crust, which does not change over time.

Diamonds are purchased from hundreds of competing vendors through the Diamond Standard Exchange. It uses automated market making and transparent bidding, to force a consistent price discovery mechanism for all diamonds in the range. To maintain the systems and cover the cost of delivering the diamonds globally, the Diamond Standard Exchange charges a 3.5% fee.

All diamonds contained in a Diamond Standard Coin are independently graded by gemological labs, and all larger diamonds are reinspected by a competing lab. Grading and confirmation services are provided by the GIA (Gemological Institute of America) and the IGI (International Gemological Institute). Diamond Standard Coins are assembled inside the IGI labs, and then optically audited.

Oversight & Assurance
Regulator and Token License Issuer
Bermuda Monetary Authority, License 53943
Internal Auditor
Deloitte
Escrow Bank
Signature Bank
Optional Administrator
DS Admin Trust
Administrator’s Custodian
Brinks
Diamond Grading
GIA & IGI
Commodity Assembly
International Gemological Institute
Optional Digital Custodians
Anchorage, BitGo
Diamonds are sourced from hundreds of large diamond vendors, via transparent bidding on the Diamond Standard Exchange (DSE), which charges a 3.5% exchange fee.
Trust is built in
Regulated and Audited
Our entire process is regulator supervised and audited by Deloitte.
Diamond Price Discovery
Diamonds purchased via transparent bidding on an electronic exchange.
Diamond Quality
Diamonds graded by the GIA and IGI, independent gemological labs.
Commodity Data is Public
Certificates for every diamond are public, with proof of equivalence.
Anyone Can Verify Authenticity
Each owner can easily compare their diamonds to the gem lab reports.
Token Ratio is 1:1, Always
A token cannot be minted without enrolling a Coin.
We Can’t Cheat
Diamond sampling is public, and Diamond Standard never holds diamonds or Coins.
Remote Audit
The technology can electronically audit Coins when held by custodians.
Terms of Sale

How are Diamond Standard Coins Equivalent?

To make Diamond Standard Coins equivalent, the diamonds embedded inside are purchased through a statistical sampling process, by automatically bidding on global diamond inventories, to purchase a statistically valid sample of thousands of natural diamonds from around the world. Every purchase must comprise a statistically valid sample of the primary diamond characteristics, such as carat weight, color, and clarity, for natural white diamonds between 0.18 carats to 0.75 carats, and match the statistical characteristics of the original IPO sample. The bidding is transparent to all vendors. Diamond Standard may also purchase diamonds directly from consumers, and then have them independently graded.

The gemological details of every diamond acquired through this bidding process is made permanently public, and the diamonds are distributed into Coins fairly by an optimization system. The optimizer ensures that each Coin contains an equivalent share of gemological scarcity. Every Coin approximates the natural yield curve of the range of diamonds in the Earth’s crust, which does not change over time.

Diamonds are purchased from hundreds of competing vendors through the Diamond Standard Exchange. It uses automated market making and transparent bidding, to force a consistent price discovery mechanism for all diamonds in the range. To maintain the systems and cover the cost of delivering the diamonds globally, the Diamond Standard Exchange charges a 3.5% fee.

All diamonds contained in a Diamond Standard Coin are independently graded by gemological labs, and all larger diamonds are reinspected by a competing lab. Grading and confirmation services are provided by the GIA (Gemological Institute of America) and the IGI (International Gemological Institute). Diamond Standard Coins are assembled inside the IGI labs, and then optically audited.

chartCoin

Transparency

This offering is made under regulatory supervision, and Diamond Standard is internally audited by Deloitte.

The contents of every Coin, and the independent gemological lab grading reports for every diamond, are permanently public, recorded on the blockchain.

The complete and statistically valid sample of diamonds, from which every Diamond Standard Coin was produced, is public, recorded on the blockchain.

This data is used to prove that each sample of diamonds, and each Coin, contains a statistically consistent quantity of gemological material, which meets or exceeds the permanent “Diamond Standard” established by the initial public offering.

Visit diamondstandard.co/authenticate to view the validation data described above.

Pricing

The selling price of the Diamond Standard Coin is not set by Diamond Standard. It is established using third party data, or by buyers and sellers in the secondary market through exchange trading—just like gold. Diamond Standard sells new Coins at the market- determined fix.

Owners may offer to sell their Coin at this market price through an exchange, or to any buyer at a mutually agreed price. Tokens are not transactable until the Coins are produced and delivered to the custodian. During this time, the value may go up or down.

The BCC token inside the Diamond Standard Coin is blockchain based, and in the future can be listed and then traded on a variety of cryptocurrency and digital asset exchanges. Diamond Standard will provide a list of venues on its website, when available.

Coin & Token Offering Overview
One BCC Token per Diamond Standard Coin, issued after KYC approval, upon receipt of payment. Coin delivered in approx 28 days.
Commodity
Diamond Standard Coin
Token
BCC (Bitcarbon Coin)
Token License
Bermuda Monetary Authority DABA
Token Type
Utility
Offering Price
Weekly market fix
Delivery Platform
Ethereum ERC-20, others
Accepting
USD, ETH, BTC
Sale Site
diamondstandard.co
Tokens for Sale
Limited by natural diamond availability
Token delivery
Choose unissued, in- network, or custodians: BitGo or Anchorage
Coin Delivery for this Offering
USA Only (to owner or an approved custodian)
KYC Required
Yes
Buyer Qualification
Accreditation not required
Prohibited Countries (OFAC)
Cuba, North Korea, Iran, Syria, Sudan, Crimea Region, Others
Diamond Standard Coin Issuer
Diamond Standard LLC (USA)
BCC Token Issuer
Diamond Standard Ltd (Bermuda)

How is this a commodity?

The Diamond Standard Coin is physical and designed to be fungible. The production of the Coin and the offering is supervised by the Bermuda Monetary Authority and internally audited by Deloitte. Every Coin is calibrated to be geologically equivalent, and intended to trade on the market at the same price, just like a standardized gold coin. The Coin is always delivered to the owner or their custodian. You are not purchasing a share of a pool or a futures contract, you are purchasing a real commodity containing a set diamonds that is statistically similar to that in others.

By containing a representative sample, the Diamond Standard Coin reflects the underlying range of diamonds. The demand for the Coin creates demand for all of those diamonds, impacting the value.

How is this a token?

Under the statistically calibrated set of diamonds, each Diamond Standard Coin contains a wireless computer chip. This chip enables real time electronic auditing and instant authentication, and also stores a blockchain token—a BCC (Bitcarbon Coin). The key to this token, which is issued on request and known only to the owner or their custodian, is a tradable vault receipt, for delivery on demand, of a specific Diamond Standard Coin.

The owner of the token is the legal owner of the Coin. If you sell your token, you sell the ownership of the Coin. If you encumber the token, by taking a loan for example, you encumber the Coin, with a lien recorded on a public blockchain. The unencumbered token owner can always take possession of the specific Coin by contacting the custodian or custody administrator. If the ownership has changed, the recipient will be subject to local KYC and AML requirements.

How is the token minted?

There is no stockpile of diamonds or tokens. Every time it creates Coins, Diamond Standard must purchase an audited, statistically valid sample of natural diamonds, using transparent bidding on the Diamond Standard Exchange. Every future sample must match the sample acquired by the Initial Offering. The detailed characteristics of every diamond, and the aggregate characteristics of every sample are always public, for anyone to verify. After it is verified, the diamond samples are divided by an optimizer into individual Coins.

Inside an independent gemological lab, each Coin is analyzed by an enrollment station, to optically and electronically inspect the Coin, the chip and the diamonds. If all aspects of the Coin are verified, in one simultaneous moment, the Coin is optically imaged, the token is electronically burned into the chip and enrolled on the public blockchain — or “Minted”. Tokens can only be minted through an enrollment station, upon the presentation of a Coin containing a valid set of diamonds, proven to have come from a statistically valid sample acquired through transparent bidding.

Only once the Coin is received by the owner’s approved custodian, does the token becomes transactble. There is only ever one token per commodity, and the token itself is indivisible. No BCC tokens are issued to our founders, team, advisors or anyone else. Owners of Diamond Standard Coins always own 100% of the existing BCC tokens.

How do I use the token?

Each Diamond Standard Coin contains a BCC Token. If you sell your blockchain token, you sell your Coin. The BCC Token is not issued unless the owned chooses to transact the token inside the Diamond Standard network, or decides to take delivery of the token when the Coin is held by the owner or a private custodian.

To transact a BCC Token inside the Diamond Standard network, the Diamond Standard Coin must be held by an approved custodian (to guarantee delivery to the buyer). Currently that “proof-of-asset” is managed only by DS Trust Admin, which administers a physical custody account at Brinks Delaware.

Diamond Standard is in the process of integrating a third-party exchange service to enable transactions within the Diamond Standard network, and will post a notice on the site when trading is available. Online trading is not yet available.

Apart from custody fees, Diamond Standard charges no fees for any transactions you make after the initial sale of the Coin, however the exchange will charge market-standard fees for transactions.

What if my BCC token keys are lost or stolen?

If you take delivery of the BCC Token, and lose your key, as long as you have your physical Coin and ownership is not disputed, you can recover full use. To recreate a BCC token key, an independent gemological lab will simultaneously authenticate the Coin and destroy the token in the Diamond Standard enrollment station. Then they will dissolve the Coin, remove the diamonds, and reassemble them into a new Diamond Standard Coin. This Coin will be enrolled on the blockchain with a new BCC token, which refers to the diamonds’ original provenance data from the initial BCC token.

Diamond Standard cannot recover a token without the Coin being delivered to the independent gemological lab for authentication, destruction and recreation. We cannot simply reset your key or recover a password.

In-Hand Transactions:

When you take possession of your Diamond Standard Coin, you cannot list it on an exchange, take out a loan, or attach the BCC Token to a smart contract. There’s no proof-of-asset or guarantee of delivery for your counter-parties.

But you can still sell your Diamond Standard Coin to a buyer face-to-face. Anyone can use the Diamond Standard mobile app, anywhere in the world, to authenticate a Diamond Standard Coin, and you can trade at the market price or any agreed value.

Regulatory Oversight, and KYC/AML

Diamond Standard is internally audited by Deloitte, with regulatory oversight and a license from the Bermuda Monetary Authority. The Diamond Standard technology and processes are designed to be regulatory-compliant, acceptable for institutional investors, and capable of supporting securities offerings, such as CFTC regulated futures, and SEC regulated Options & ETF funds.

Purchasers do not need to be accredited investors, but must agree to the Terms of Sale agreement, and submit information for a KYC/AML review, and be approved upon such review.

Delivery

At the time of purchase, you must indicate whether we should physically deliver the Coin to a custodian or to you personally. In order to transact your BCC Token on our platform, the custody of the associated Diamond Standard Coin must be administered at Brinks by DS Admin Trust.

Within 3 days of the completion of the purchase of the Coin, the status of your order will be published on our website, accessible through your login. The Diamond Standard Coin will be assembled within approximately 30 to 60 days after the date of purchase, to allow for the purchase, inspection/grading, settlement and assembly of diamonds. Upon assembly, inspection and enrollment, your Coin will be linked to your corresponding Token, and we will deliver the Coin as you instructed.

If you choose to deliver of the Diamond Standard Coin to the custodian managed by DS Admin Trust, the Token is eligible to be activated, enabling use of your BCC Token on our platform. Otherwise, the Diamond Standard Commodity will be delivered to you or your own custodian, which you may store or trade privately. The BCC token is not transactable until the Diamond Standard Coin is delivered to an approved physical custodian, and the market price may go up or down in the meantime.

At this time, Diamond Standard Coins can be delivered to USA addresses and approved custodians only. In the future, production and delivery will be offered in more countries. We do not deliver to P.O. Boxes, and if you use a credit or debit card, we only deliver to an approved custodian, or to the address provided by the financial institution that issued your card. Signature with positive identification is required, and other restrictions may be imposed by the carrier, which are beyond the control of Diamond Standard. Purchases by ACH are delivered after the ACH reversal period.

For deliveries to all US states where it is required, sales tax will be collected. For delivery to a Delaware custodian, there is no state sales tax.

How to purchase

Visit diamondstandard.co to create an account, purchase Diamond Standard Coins, select delivery options, and complete KYC/AML forms.

Fees

After delivery of the Coin, Diamond Standard charges no fees to authenticate, buy, sell, exchange, trade, transfer, change blockchains or attach your token to smart contracts. Diamond Standard charges no fees for use of the mobile app, web app, integrated audit, proof of asset or API services. There are fees for custody, and third parties may charge fees for trading or other optional services.

Other

This offering does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Furthermore, nothing in this Offering or website is intended to provide tax, legal, or investment advice and nothing in this website should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Diamond Standard does not represent that the products or services discussed in this Offering or website are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, or related transaction is appropriate for you based on your personal objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

"Diamond Standard”, “Bitcarbon” and the Diamond Standard logo and symbol are registered trademarks of Diamond Standard Holdings Ltd. The Diamond Standard Coin is protected by U.S. Patents, and Patents Pending.

Fees
Delivery Fees (to you)
$50 first coin +
$15 per additional coin (USA only)
Delivery Fees (to Brinks Delaware)
$25 first coin +
$10 per additional coin
After delivery of a Diamond Standard Coin and Token, Diamond Standard Charges NO FEES
Easy Custody Administration Option
DS Admin Trust will administer custody (at Brinks) for $36 per year, and enable you to trade your BCC token online
Exchange Fees
As with digital currencies, exchanges determine the fees to trade on their venue
Transactions
As a blockchain token, BCC transactions consume gas.
Private Digital Custody Fees
BitGo and Anchorage offer custody for institutional clients
Private Physical Custody Fees
BitGo and Anchorage offer custody for institutional clients
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