The Technology Behind The Pure Diamond Project | Diamonds Redefined

‘Diamonds are forever’, the famous De Beers Jewellers tagline that has stuck with us for over half a century. Although the global diamond market had developed rapidly since it’s discovery, it has recently been inhibited by environmental, conflict and ethical issues, as well as the decreasing volume of diamonds successfully mined. In a market worth […]

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PR: The New Era of Jewellery Pioneered By The Pure Diamond Blockchain Project

PR: The New Era of Jewellery Pioneered By The Pure Diamond Blockchain ProjectThe innovative Singaporean based Pure Diamond Blockchain Project is founded with the aim to distribute Japanese laboratory (lab)-grown diamonds worldwide. At the core of the Pure Diamond Blockchain Project is the cryptocurrency Pure Diamond Coin (PDC).

PDC is a cryptocurrency that is ‘pegged’ or ‘linked’ with the generation of lab-grown diamonds. This association of PDC and a collateral ensures that the value of the token is more stable and less likely to face large fluctuations. Overtime as more lab-grown diamonds are cultivated, the value of the token is expected to steadily increase. For instance, in its first year if 100 lab-grown diamonds are cultivated then one token would be valued at 100 lab-grown diamonds. In its second year 200 lab-grown diamonds are cultivated, so the valuation of the PDC token would be 200 lab-grown diamonds.

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