Pure Diamond Coin (PDC) Pre-sale Begins!
What is Lab grown diamond?
Lab grown diamond is currently attracting attention in worldwide.
De Beers and Swarovski, the largest companies in the diamond industry have started selling lab grown diamonds and are attracting attention because celebrities such as Leonardo DiCaprio are listed as investors.
Lab grown diamond refers to the diamond generate in the laboratory, reproducing the deep underground environment where diamonds are generated.
The main feature of Pure Diamond Coins is that it is linked with Made-in-Japan lab-grown diamonds generated based on the fund obtained from this project.
It seems that lab grown diamonds generated by the Pure Diamond Coin Project will eventually be available for purchase only on pure diamond coins.
This measure is done to use the traceability function by the block chain. The attraction of the pure diamond coin project is that the “information" is attached to lab grown diamond as an added value.
Pure diamond coins are also expected to increase in value in the future.
For example, let's assume that one pure diamond coin has been issued in total. And if 100 lab grown diamonds were generated in the factory a year later, the value of one pure diamond coin would be equivalent to 100 lab grown diamonds. 200 lab grown diamonds were generated in the factory two years later, the value of one pure diamond coin would be 300 lab grown diamonds. This is the reason why the value of pure diamond coins are said to increase in value with time.
Japan's current diamond market is estimated at about 600 billion yen, most of which are traded in yen or dollars.
If 25% of them are traded in PDC, the PDC market capitalization is worth the value of 150 billion yen. If 10 billion yen collected at this ICO and Japan acquire 25% of its market share, the value of PDC would rise 25 times.
This is the case when only in Japan, and considering it on a global scale, it will reach 9 trillion yen, which will have a considerable impact.
As mentioned at previously, the lab grown diamond of the Pure Diamond Coin Project can confirm the individual information easily with the application by using the block chain technology.
Of course, this app application reduces the risk of purchasing fakes, but it also has a greater appeal. For example, it is possible to give diamonds which generated on the same day as the gift for girlfriend or newborn child, until now diamonds were only shining "beautiful “in extreme. However, the lab grown diamonds will also have a story to tell. It is impossible to know the date of the natural diamond generated deep underground.
Will the lab grown diamonds spread widely?
Now, as many of people may have noticed, if the lab grown diamonds are not accepted by consumers, the value of pure diamond coins will also drop. No matter how much a pure diamond coin could be worth 1,000 or 10,000 lab grown diamonds, this diamond itself is neither worthless to consumers. Will the Lab grown diamonds truly be accepted by consumers?
In fact, this worry is useless. There is enough evidence that lab grown diamonds will spread. One of them is price. Currently in the US, lab grown diamonds are traded at about 50% of the price of natural diamonds.
In other words, it is possible to develop a new market for consumers who have not been able to reached diamonds. The second reason is color, the lab grown diamonds is possible to generated very rare red and blue diamonds that even rarely seen by experts.
Until now, only a few millionaires have been able to see the rare diamonds. However, in the case of lab grown diamonds, color diamonds which are considered to be rare in the diamond industry even could purchase by ordinary people. Furthermore, the lab grown diamonds is capable to generate "rainbow diamonds" which do not exist in nature. It is the color has not existed so far, and the mysterious beauty of the color allows many people to expect a demand. It will be the return of the hugely successful "blue rose" by artificially reproducing things that are not in nature.
This is not the only reason why lab grown diamonds are spread widely. Unlike natural diamonds, lab grown diamonds do not cause problems when they are mining.
So what is the problem that occurs when natural diamonds are mining? It is labor issues, a conflict problem, and environmental problem. Natural diamond excavation often involves the use of workers (including children and women) in dangerous mines in developing countries.
Moreover, the salaries paid to them are a little. And the enormous wealth of diamond resources can sometimes cause disastrous conflicts.
Furthermore, the mining of natural diamonds destroys the environment to the extent that it may dig up sediment more than 1 t against 1 g of natural diamond. The energy used at that time also substantial. In fact, due to these problems, the amount of natural diamond mining is already decreasing. It will be a tailwind for the spread of lab grown Diamonds.
By the way, in May of this year, De Beers, the largest diamond company in the industry has also changed its policy and announced its entry to lab grown diamond.
Diamond is beautiful because it has been generated over hundreds of millions of years?
Although the lab grown diamond that carries various expectations such as the spread of diamonds, the solution of environmental and conflict problems, but there are still many critical opinions currently.
Some of the most common criticisms of lab grown diamonds are that they are" Diamond is beautiful because it has been generated over hundreds of millions of years"This is true, but it is also a mistake.
Firstly, the time took to generate a lab grown diamond was short. Therefore, compared to natural diamonds generated over hundreds of millions of years, they certainly have low historical value.
However, the opinion that natural diamonds were generated over years, so they are beautiful is not true. As technology has progressed, the natural diamonds of medium and lower quality cannot be surpassed by lab grown diamonds in beauty. The reason for this is related to impurities contained in diamond. In fact, 98% of natural diamonds contain impurities (mainly nitrogen) in the process of generation, but lab grown diamonds are 100% pure without impurities. In other words, this recognition that "lab grown diamonds are more beautiful than natural diamonds" is more correct. In fact, the GIA has given lab grown diamonds a diamond dossier.
However, it is thought that natural diamonds will not disappear from the market. An official of the pure diamond coin project also said "Natural diamonds are valued because of they are come from natural." As we have seen so far, natural diamonds are very valuable because of the reduced amount of mining. It also invaluable because of its historical value, However, it is anticipated that it will be the era when natural diamonds and lab grown diamonds coexist in the future.
At that time, the pure diamond coins are used to trade the mass-distribution of lab grown diamonds, its value will be tremendous. Pure diamond coins will start pre-sale on 1st of September. You can use bitcoin and bitcoin caches, Ethereum, and Ethereum classic for purchase. Keep an eye on the future trend of this project.