Headlines

The World’s First Diamond-Backed Cryptocurrency Is Here

Published

8 years ago

January 12, 2016

INSTORE Staff

It’s called PinkCoin.

The world’s first diamond-backed cryptocurrency, PinkCoin, will go on sale beginning Jan. 18, according to Rapaport. PinkCoin, the report adds, is backed by colored diamonds, which the founders of the cryptocurrency claim have not lost value since tracking began in 1959 and have been independently certified and appraised. The initial public sale of PinkCoins will be based on an “asset pool” of colored diamonds worth $5 million. Once sold, PinkCoins will be able to be traded for Bitcoins or even individual gems from the asset pool.

Why This Jeweler Chose Wilkerson

Mark Lauer is the owner of Mark Michael Diamond Designs, the Minnesota-based jewelry gallery known for exceptional and uniquely designed diamond jewelry. Though he loved creating the beautiful jewelry his business was known for, retirement was an exciting alternative to the 60+ hours a week he’d spent building it up. He called Wilkerson to help with a retirement sale. “I did talk to two other companies, but I just didn’t feel they offered the same services that Wilkerson did,” he says. “I knew Wilkerson had the expertise to follow through and give me the service and results that I wanted. They’re the number one rock stars in this industry.”