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B2B online exchange for certified diamonds; think Nasdaq for diamonds

B2B online exchange for certified diamonds; think Nasdaq for diamonds

Liquid Diamonds is an online trading exchange; think NASDAQ for diamonds. Currently, wholesale diamond trading is slow and painful. From production to jeweler, each diamond goes through several middlemen. It’s an extremely inefficient way to run a market. Wholesale traders want a global exchange for diamonds. Brokerage houses would like to offer diamonds as an alternative asset class to investors, with diamond ETFs, futures and options. But, all of this has been impossible until now, because existing exchanges only work when the items being traded are identical/fungible, e.g. stocks or gold. Diamonds are neither identical nor fungible, and cannot reasonably be traded as though they are. Our patented Universal Continuous Double Auction technology enables the benefits of an exchange, without forcing a diamond to be identical to another. We are combining this with deep connections within the industry, and providing a full gamut of clearing & settlement services.
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Mark Molloy

Avatar for Mark Molloy
Founder @ Liquid Diamonds, Liquid Markets; Inventor (13 patents); Worked at: 724 Solutions, TANTAU Software, Tandem Computers... BS UC Irvine - Phi Beta Kappa
Total raised

$250K

Funded over

1 round

Latest round

Pre-Seed (May 2019)