The evolution of the world economy has been nearly identical for each commodity. Hundreds of years of hand-to-hand trading in the actual, physical merchandise eventually gives way to more sophisticated financial markets built atop them. This upgrade allows markets to be expand while remaining more secure. Alone amongst all the other physical commodities, only the diamond market has never taken this next (and necessary) step and without commoditization, the diamond trade will remain flawed unrefined and closed.Without commoditization, the diamond trade has remained flawed, unrefined and closed.
However, the much-needed transformation is taking place now.
Using the latest technological developments, Carats.io has created a state-of-the-art algorithm that has standardized price evaluation of the precious stones, and compares individual diamond grade to daily market conditions. This standardizes and automates a primitive market - allowing Carats.io to unlock the world’s first financial market for diamonds.
By commoditizing the diamond market, Carats.io has made the commodity accessible to all users who no longer need to rely on hard-to-find expertise. Investors can purchase CARAT tokens, diamond-backed digital currency, which can be redeemed in the real-world diamond market. By being linked to a physical commodity averaging an appreciation of 5-6% annually, the CARAT token remains one of the most stable and promising assets.
Beyond being a sound use of capital, the CARAT token will also function as a means of payment that will help kick-start the diamond and jewelry industries in two ways: by allowing members of the crypto world to purchase diamonds and jewellery, and as a B2B payment method between members of the diamond industry themselves.
Carats.io melds hi-tech, a strong base within the crypto community and strategic partnerships in the diamond industry to sit in the driver’s seat of an exciting ecosystem bringing millions of people to the convergence of the crypto and diamond markets.