Diamond Standard announced today that it received regulatory approval to launch the initial offering of the Diamond Standard Bar. Investors can purchase Diamond Standard Bars by visiting www.diamondstandard.co. Offered initially at $67,200, the price changes weekly with the market value of the diamond commodities, and will continue until $75 million worth are sold.

The Diamond Standard Bar is the world’s second regulator-approved, exchange tradable, fungible diamond commodity, after the Diamond Standard Coin, which launched in 2021. That offering was oversubscribed with $40 million in orders, versus a regulatory limit of $25 million. Since the launch of the Coin, their value has appreciated by 34%, and like gold, new Coins are sold at the market price.

The initial offering is a special one-time event. Proceeds from the sale are used to purchase a statistical sample of natural diamonds to discover their value along the earth’s “yield curve” of carat weight, color and clarity. This will establish the permanent index of the content to be contained in every Bar ever made. The diamonds will range from 0.76 to 2.05 carats each, to create Bars worth 10 times a Coin, which contains 0.18 to 0.75 carat stones.

Each 70mm by 35mm transparent Bar is engineered to be equivalent, and along with the diamonds it contains a wireless chip, enabling owners to authenticate, audit and trade this brilliant new asset electronically. The chip holds a regulator-licensed blockchain token, which is a receipt proving ownership. If the commodities are held by custodians like Brinks, owners can trade this token instantly, transferring the ownership of their Bar.

Half the Bars are allocated to the Diamond Standard Fund, an investment vehicle for accredited investors who prefer the convenience of shares versus holding commodities, often in IRAs. The fund is co-managed by Horizon Kinetics, a $7 billion investment company which manages INFL, a NYSE-listed ETF designed to benefit from inflation.