Episode 96 Diamonds - A Cut Above in the World of Investing

The most consistent lesson in investing is that all assets carry a certain risk, and price is dependent on the market. Investors are always on the lookout for new asset classes to help diversify their portfolio as a way to enhance risk mitigation.

Join us in this episode of the Purpose-Driven Wealth podcast, as Mo Bina talks to Christopher Dessi of Diamond Standard about how they created the first and only regulator-licensed diamond commodities. Learn about how they successfully leveraged the blockchain technology in establishing diamonds as an investable asset class.

Here’s what you will expect in this episode:

· A lot of steps to following your passion
· Dealing with the work-life balance
· Understanding your time limitations and executing on that
· Structure and routine help keep you on track.
· Working with Cormac Kinney – Founder of Diamond Standard
· The diamond industry, and the supply and demand drivers
· Leveraging the blockchain technology in Diamon Standard Coin
· The world's most efficient diamond buyer
· Democratization of diamonds as an asset class
· 2% of the mined diamond is a $200 billion market.
· Correlation of this asset class with traditional investments
· On investors looking to diversify their portfolio
· Are there asset specific risks in investing in diamond?
· An investment vehicle for accredited investors

To find out more about investing in diamonds:

To listen to the full episode:

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