Thank you for coming today Mr. Abe, please can you tell us what is your role and position in the Pure Diamond Project?
I, together with Mr. Ishizuka (who is responsible for diamond production) and Mr. Ishida (who is responsible for selling diamonds) put together our corporate strategy and business model for the Pure Diamond Project.
We each play a part, and everyone’s role is different, this project is formed by managing the structure of sales and manufacturing as a whole. My principal role is to oversee and manage the entire pipeline or shall we say, the ‘mechanism’.
Thank you Mr. Abe. From a CEO’s perspective, what possibilities do you reckon are possible with the Pure Diamond Coin?
Well one of the many reasons is that Pure Diamond Coin itself is the only token that consumers can use to purchase lab-grown diamonds cultivated by Pure Diamond Farm Singapore.
What decisive factor made you combine a real-world element, the lab-grown diamond with a virtual currency?
Virtual and cryptocurrencies are very interesting ideas to make digital coins a substitute for barter. Let me explain.
Diamonds are extremely valuable, value that stems from being generated over hundred of thousands of years, its value is then exchanged for yen or dollars.
As a company we needed to come up with a method to best sell and distribute the lab-grown diamonds cultivated by Ishizuka’s research. The idea I proposed was a cryptocurrency and hence led to the development of the Pure Diamond Coin.
My belief is that be re-defining what you exchange/barter for with diamonds, such as instead of using yen or dollars we use PDC, it creates new markets that never existed before.
I understand. So it’s similar to the so-called ‘Gold Standard’ system.
es they are indeed very similar. Our company believes that it is very interesting to create a value connected to a currency other than to the Yen or to the Dollar, and this project achieves just that.
Furthermore, currently blockchains are trending, so our lab-grown diamond project matches perfectly in this scenario. Essentially, our process in creating diamonds is quite similar to mining in blockchains and in virtual currencies.
Mining is the act of creating coins in virtual currency, is not it?
I agree. Virtual currency ‘mining’ is essentially excavating a coin using electricity. In this project, we use electricity to create diamonds, not coins. We produce our tokens digitally but use the electricity to cultivate diamonds. The process is very similar but not exactly identical.
We then add increased value to our product by associating diamonds created from nothing with blockchains that provide identification, traceability and useful information such as it’s cultivated date.
Our lab-grown diamonds have a much better brilliance that rivals that of real diamonds, and then we add the increased value of additional digital information that is shared with our lab-grown diamonds. Ultimately I think with these assets and added values, it would create a very interesting product for end-consumers and start a new trend in the industry.
Very interesting, this project will combine the virtual asset and real assets creating unprecedented real value. What kind of future is PDC attempting to shape?
Personally, I think that this ICO is very interesting and I think that it is something people have never seen before.
Regular ICOs as you all know, have consumers investing in things that they cannot see or exist physically, such as writing programs.
I think that in cases where the market is difficult to see or if it cannot be seen at all, consumers will not be incentivised to invest as much, much less actually invest at all.
Our project is completely different in that the capital investment will always be distributed into making lab-grown diamonds, which guarantees that diamonds will always be created. As the number of our capital/machinery increase, the number of lab-grown diamond will also increase each year.
Therefore as the number of lab-grown diamonds increases in the market, the value of the PDC tokens will rise.
Thank you Mr. Abe, so how are you planning on distributing lab-grown diamonds?
Diamonds are somewhat special, they require professionals to sell. Whether we produce high quality lab-grown diamonds we ourselves cannot sell them unless we give it sellers. Therefore I am delegating the distribution of lab-grown diamonds to our President Mr. Ishida.
The value of PDC will be guaranteed as Mr. Ishida will be supplying lab-grown diamonds to diamond retail and jewellery shops. Mr. Ishida’s experience and many years in the field will prove advantageous to PDC, whilst he focuses on the selling of the diamonds, I will be concentrating on making the diamonds the best possible quality.
Thank you very much Mr. Abe. What kind of audience do you believe will purchase PDC?
In a perfect world, the best scenario is that all retailers use PDCs. Currently, I am planning on using PDC for users who want to purchase lab-grown diamonds.
At the beginning in order to popularise PDCs, I would like investors who feel that this project is attractive to purchase PDCs, after which as the value of PDC increases, people in retail stores will purchase PDCs to receive lab-grown diamonds.
In either scenario, it makes it impossible to trade lab-grown diamonds unless PDC is used as its currency. So whether it be retailers or the regular consumer PDC is a token that is used by all when it comes to lab-grown diamonds.
Mr. Abe has expressed his take on how PDC is going to change the flow of the diamond economy as a whole, but the hidden potential is that PDC as a token can be used to create a new token economy in which it transparently regulates all lab-grown diamond transactions. By using PDC, consumers are offered peace of mind, stability, security and incredible diamonds.
If you are interested in Pure Diamond Coins, please click the link below to find out more or purchase PDC for yourself!