D1 is named after M1, a term from economics, which refers to the base monetary supply, i.e. all the cash and equivalent circulating in the economy. D1 represents the diamonds circulating in the economy, which have an estimated market value of USD 1 trillion. In one US Dollar you own a small fraction of the total M1 of USD 3.62 trillion; in the D1 Coin you own a fraction of institutionally-certified, securely vaulted stock of high-grade diamonds. The D1 Coin is a diamond-backed token, with each D1 Coin pegged to the value of a fraction of an authentic, natural diamond, a proxy for ownership of a share of the world’s diamond reserve that has proven to be 100x more resilient to devaluation than US Dollar.
The fundamentals of the diamond market are impressive. According to Bain & Co, within the next decade a supply gap will emerge that is larger than today’s total global production of diamonds.
Diamonds also have the potentioal to become more sophisticated too. A diamond will carry a lot of precious information about its provenance on the blockchain. Imagine you are a loving father and you’d like to offer your daughter a diamond. What would you say if that were not just any diamond, but a gem that after billions of years underground saw the light of the day exactly on her birthday? This additional information will differentiate individual stones one from another, make possible collections, auctions, emphasise rarity, enrich numerology and astrology, and open up whole new aspects of diamonds resulting in growing demand for natural diamonds.
Last but not the least, demand is set to explode. In the 60-ies Japanese were buying any diamonds; in the 70-ies they acquired the Western practice of buying engagement rings with diamonds and within a decade Japan had become the second biggest diamond market in the world after the US. What is currently happening in China and India is history repeating itself, but on a scale that is 10 times larger.
D1 is using modern technology to make ownership of diamonds easier, faster, and a lot more fun. And it opens the world of diamonds not only to those with USD 10,000 or more to spare, but also to those with USD 10. An important difference between dollars and diamonds is that Governments can’t print diamonds when they need to.
D1 Coin is a digital reflection of a brilliant, valuable and treasured natural wonder – the polished diamond.