GLITZKOIN- A PATHWAY TO A BRIGHTER FUTURE FOR THE DIAMOND INDUSTRY.
WE all know about diamonds , at least literally, but how well do we know these beautiful creation of God? how well do we know about the industry involved in its sale? how well do we know of the endless opportunities it provides? in this article i’m going to take us through all these and also introduce you to the major reason for this article GLITZKOIN — the rabbit’s foot for the diamond industry.
WHAT ARE DIAMONDS?
Diamonds are all about glitter, glamor and prestige, they symbolize luxury and opulence, they are beautiful to behold, really wonderful and fascinating object.
Diamond is a solid form of carbon with a diamond cubic crystal structure. At room temperature and pressure it is metastable and graphite is the stableform, but diamond almost never converts to graphite. Diamond is renowned for its superlative physical qualities, most of which originate from the strong covalent bonding between its atoms. In particular, it has the highest hardnessand thermal conductivity of any bulk material. Those properties determine the major industrial applications of diamond in cutting and polishing tools and the scientific applications in diamond knives and diamond anvil cells.
Because of its extremely rigid lattice, diamond can be contaminated by very few types of impurities, such as boron and nitrogen. Small amounts of defects or impurities (about one per million of lattice atoms) color diamond blue (boron), yellow (nitrogen), brown (lattice defects), green (radiation exposure), purple, pink, orange or red. Diamond also has relatively high optical dispersion (ability to disperse light of different colors).
Most natural diamonds have ages between 1 billion and 3.5 billion years. Most were formed at depths of 150 to 250 kilometers (93 to 155 mi) in the Earth’s mantle, although a few have come from as deep as 800 kilometers (500 mi). Under high pressure and temperature, carbon-containing fluids dissolved minerals and replaced them with diamonds. Much more recently (tens to hundreds of million years ago), they were carried to the surface in volcanic eruptions and deposited in igneous rocks known as kimberlites and lamproites.
Diamonds can be produced synthetically in a high pressure, high temperature method (HPHT) which approximately simulates the conditions in the Earth’s mantle. An alternative, and completely different growth technique is chemical vapor deposition (CVD). Several non-diamond materials, which include cubic zirconia and silicon carbide and are often called diamond simulants, resemble diamond in appearance and many properties. Special gemological techniqueshave been developed to distinguish natural diamonds, synthetic diamonds, and diamond simulants. HERE are a few types of diamonds in details among others
Further information: Synthetic diamonds
Since the 1950s, techniques can produce diamonds of essentially any desired chemistry or size.  and with fewer flaws than natural diamonds have. Although some manufacturers do label their synthetic diamonds with serial numbers there is no guarantee that a given diamond is not man made, although sometimes an unnatural chemical composition or pattern of flaws may suggest a diamond is synthetic. It is much cheaper to produce diamonds through artificial synthesis than to mine them, although currently the cost of synthesis is still significant. The inability to guarantee that a diamond is naturally occurring could undermine the premium price still currently charged over synthetic diamonds. However, new technological advances have allowed some independent gem labs such as GIA (Gemological Institute of America) to issue a specific Synthetic Diamond Grading Report which identifies a diamond as laboratory-grown and laser inscribes it with “laboratory grown”.
Diamond, because of its hardness, is one of the few gemstones that has a recycled market. Recycled diamonds are diamonds that have been polished and set into jewelry, then removed, sorted and re-cut for sale back into the diamond industry. This sector accounts for 5%–10% of market supply.Whether it is releasing capital to re-invest in more liquid stock, or generating greater margin on re-purchased diamond jewelry, recycled diamonds is part of an ongoing strategy for many members of the jewelry industry. In 2012, Tacy Ltd. stated that it expected $1 billion worth of recycled diamonds to be put back into the market. In 2013, its estimation was $1.2 billion.Companies such as White Pine Trading LLC, Danforth Diamonds or Rick Shatz Inc. specialize in recycled diamonds.
Now that we are fully acquainted with what a diamond is let’s take a quick look at the DIAMOND INDUSTRY
INSIGHTS INTO THE DIAMOND INDUSTRY AND DIAMONDS AS A COMMODITY.
Some 128 million carats of diamonds were estimated to have been produced from mines worldwide in 2016. Major producing countries include Australia, the Democratic Republic of Congo, Botswana, South Africa, and Russia. Worldwide reserves are estimated to be some 750 million carats. Australia has the largest reserves, estimated at some 210 million carats.
They say a diamond manufacturer must make about 30 to 40 percent in gross margin converting the rough stone to a polished diamond to stay in business. By the time the wholesale broker sells the polished diamond to other wholesale brokers, his profit margin is 1 to 15 percent, or an average of 5 percent.
The value of diamonds as an investment is of significant interest to the general public, because they are expensive gemstones, often purchased in engagement rings, due in part to a successful 20th century marketing campaign by De Beers. The difficulty of properly assessing the value of an individual gem-quality diamond complicates the situation. The end of the De Beers monopoly and new diamond discoveries in the second half of the 20th century have reduced the resale value of diamonds. The Great Recession has engendered greater interest that exhibit safe haven or hedging properties that are uncorrelated to investments in the equities markets. Academic studies have indicate that investments in physical diamonds exhibit greater safe haven characteristics than investments in diamond indices.
Diamonds of a certain size, generally half a carat and above, are traded and processed by the industry individually. Each has unique attributes and a corresponding unique market place. Diamonds of this size, whether recycled or not, have a similar market price. It is impossible to tell the difference between a recycled one-carat diamond (as long as it is undamaged) and a “freshly mined” one-carat diamond with the same characteristics. The market does not differentiate between them in price.
Diamonds of smaller sizes are traded in parcels of similar stones, called ‘melee’, after the French word for mix. Generally diamonds of exactly similar size, cut, shape, color and clarity are used in a single piece of diamond jewelry. If not, the stones would not match and the piece would not sell. Small recycled diamonds are treated differently from large individual stones. A single small diamond has limited value by itself. It is only of use if it can be matched with other similar diamonds, reset into jewelry and sold to a customer, thereby creating value. Small recycled diamonds need to be sorted, recut and resold to manufacturers in large parcels to allow them to pick matching stones to set in jewelry.
PROBLEMS OF THE INDUSTRY
The strength of the industrial-diamond industry is subject to the volatility of the global economy. Also, producers of industrial diamonds are frequently subject to risks stemming from varying degrees of political strife in the locales in which their diamond mines are located. Many diamond mines are located in contested areas of Africa subject to frequent armed conflicts among various local militias. For example, Botswana generates 33 percent of its gross domestic product from diamonds. For natural diamond producers, synthetic diamonds represent a growing threat as consumers increasingly accept them. Another risk for producers is the potential for a large, new source of industrial diamonds, which would increase supply, resulting in price declines.
Polished diamond prices vary widely depending on a diamond’s carat, color, clarity and cut, sometimes referred to as the 4 Cs. In contrast to precious metals, there is no universal world price per gram for diamonds. The industry refers to price guides such as the Rapaport Diamond Report, the Troy Diamond Report, PriceScope, Ajediam Antwerp Diamonds Monthlyand The Gem Guide, which are published weekly, monthly or quarterly. Gemstone specialty organizations have varying standards which can be used to aid in diamond identification and pricing, including GIA, HRD and IGI. These organizations focus on research and education, which they pass on to their members and the public.
Rough diamond prices have historically been impacted by the mining companies controlling supply, most notably De Beers. However, after the dismantling of the De Beers cartel in 2001, the industry is now more fragmented resulting in a higher percentage of diamond sales taking place in the form of auctions and other forms of open-market sales.
Estimates for the global industrial-diamond market include $20 billion and $27 billion. Between 2008 and 2013, the compound annual growth rate of the industrial-diamond market was -9.6%. The decline was attributable to the recession that began during 2008, which resulted in substantially lower activity in key customer markets such as oil and gas production and the production of industrial machinery and equipment. Growth in developed countries like the United States and Canada is expected to be stable, and is estimated to be 3 percent over the next five years. Demand from developing economies is expected to be higher. Demand is expected to grow annually at rates of between 10 percent and 15 percent over the next five years in China and India.
The lack of profitability in the midstream;
2. Declining bank credit to the industry and the high-risk perception that the banks have about the trade;
3. Over-grading and the temporary color treatment of diamonds;
4. Undisclosed mixing of synthetic diamonds; and
5. The call to increase competition and transparency among service providers, with particular reference to the Rapaport Price List.
THESE and many more challenges are what is hampering the growth of the industry and keeping it from fully attaining it’s full potential. on this note i introduce to you GLITZKOIN the solution and the future.
WHAT IS GLITZKOIN?
GLITZKOIN is a global startup that uses the best of emerging technology including blockchain, smart contracts and machine learning to assist in the reduction of risk and fraud for banks, insurers and open marketplaces in the diamond and precious stone industry. We provide a full ecosystem for the diamond industry from a supply chain solution, to tracking & certification of diamonds and finally a decentralized exchange for the trade of diamonds and related services.
We incorporate the latest blockchain technology into the supply chain of the diamond industry. This opens up a new platform to conduct global trade in diamonds. Besides reducing the costs related to a transaction, GLITZKOINeliminates the inefficiencies that are inherent to paper based transaction processing. A set of advanced functions are implemented to provide a very intricate and detailed, diamond tracing and tracking capability. The objective is to decentralize the market place for diamonds, this will vastly open up access for buyers and sellers of diamonds. The diamond trade does require additional ancillary services like shipping, finance and insurance. These services will be provided by separate service providers. The GLITZKOINProject will only integrate them in the platform and not be charging any commission or brokerage for such third party services.
There is no doubt that the implementation of GLITZKOIN, will increase the market reach of the diamond industry. The increased visibility of products and the acceptance of a crypto currency, will make it possible for diamond dealers at all levels to increase their market share. At the same time, the transparency of the whole process and the authentication of the diamonds, will instill confidence in both professional and first time diamond buyers. The absence of middlemen and a lowering of transportation and other related costs, will allow for highly competitive pricing.
MY VIEW AND ANALYSIS
I’ve gone through GLITZKOIN policies, philosophies and what they hope to achieve and i can vouch for them and say it is a brilliant plan and a hell of a job have been done by the GLITZKOIN team in bringing and putting all these together. if you want to have that cutting edge in your investments and put your portfolio over the top believe me when i say you’ve just got your rabbit’s foot with GLITZKOIN.
HOW IT OPERATES
Never before has there being a platform that aids smart investing like GLITZKOIN does, it is very user friendly and my research on this project has shown me that it’s going to be a very successful project. it’s various user advantages are:
Integrating the latest blockchain technology into the diamond industry supply chain
Decentralized Market Place for trade in diamonds Facilitate trustless transactions between diamond traders Allowing anyone to buy and sell diamonds Facilitate ancillary services like shipping and insurance for diamonds fulfilled by third party providers Drastically cut the time required for trade transaction settlements
Why you should invest this Early ?
Early stage and existing companies might worth extremely low and have huge potential to fast-growing. Smart startup companies today can scale up hundreds of time faster than they could just a few years back. There’s never been better time to invest. This opportunity now available not only for venture capital or institutional investors, but for retail investors and for you too.
What is an ICO?
For those who don’t know an ICO literally means Initial Coin Offering, ICO is crowdfunding via use of cryptocurrency, which can be a source of capital for startup or existing companies. In an ICO a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin. now that we are all acquainted with what an ICO is it brings us to the main topic of this article.
GLITZKOIN is running a token sale to distribute the nodes of the GLITZKOINand to collect funds for the development and marketing of the GLITZKOINOperating Platform worldwide.
TOKEN DISTRIBUTION TABLE
ICO TOKEN DISTRIBUTION
Q4 2017 Initial Spark followed by Background Research Development of Initial Concepts and Diamond Industry Outreach Initial White Paper and Design Prototypes
Q1 2018 Glitzkoin Project Scope, Token Use Case Design and Token Economics Core Founding Team on Board Company in Stealth Mode, Company Registered in Estonia Project Deck and White Paper, Technical Architecture Official Website Launch Token Presale Launch
Launch of Public Token Sale Conclusion of Token Sale and Distribution of Tokens GlitzKoin Diamond Exchange Development Start GlitzKoin Global Marketing Effort
GLT Token Listing on Crypto Exchanges Beta Testing of Diamond Exchange Platform Development of Global Diamond Track & Trace System
Decentralized Exchange Deployment Global Diamond Track and Trace System Deployment Bug Fixes and Enhancements to Deployed System
Adding more Features/tools to GlitzKoin Diamond Exchange Continued Marketing to Increase GlitzKoin Awareness
I have just showed you the all necessary information about GLITZKOIN token sale , and how to take part in it . Do not miss this because this will help to increase your asset AND MOVE YOUR PORTFOLIO TO THE NEXT LEVEL . Hope you guys enjoy and do not forget to like and follow my channel.
FOR MORE INFORMTION
WEBSITE — https://www.glitzkoin.com/
bitcointalk link- https://bitcointalk.org/index.php?action=profile;u=1873741
Etherum Address: 0x9124dA55DFe6d7d43CB9f8f263e39688EbdcaF6C