During his tenure as CEO from 2013 to 2022, Cutifani is recognized for his transformation of Anglo American, a major mining company in the globe, resulting in a five-fold rise in the company’s stock price. He served as Chairman of De Beers, the largest operator of diamond mines and distributor of natural diamonds.
He is currently Chairman of Vale Base Metals, which received $3.4 billion from Saudi Arabia’s Ma’aden mining and the Public Investment Fund not long after he was appointed.
Former CEO of AngloGold Ashanti, a $7 billion market capitalization mining business that produces uranium, silver, and gold, was Mr. Cutifani.
During the SPDR® Gold Trust’s inception, he was a member of the World Gold Council. Run by State Street Global Advisors, it was for a brief while the biggest ETF globally. Within seven years of going public, gold had gained almost 300%, partly because of this increased demand from investors.
His arrival at Diamond Standard aligns with the company’s aspirational goals of introducing diamond-related listed financial products, which will at last allow investors to diversify into an undervalued asset with substantial upside potential. In addition to filing an ETF earlier, Diamond Standard has committed to develop futures on MGEX via CME Globex and options on MIAX.
The company’s first fund offering, the Diamond Standard Fund, is a partnership with Horizon Kinetics, a $6.5 billion investment advisor registered with the SEC that also sponsors the Inflation Beneficiaries ETF (NYSE:INFL). This private fund will be able to list on an alternative trading system for accredited investors thanks to a strategic agreement with Oasis Pro Markets.
Mark’s experience and broad view of the world will enable us to use our technology to unlock the potential of additional natural resources as investable assets. stated Cormac Kinney, the founder of Diamond Standard.
Transparent coins and bars with geologically similar sets of natural diamonds are among Diamond Standard’s novel products. They are put together under the direction of the Bermuda Monetary Authority and are subject to internal audits conducted by Deloitte. The commodities are traded on the Diamond Standard Spot Marketplace, and the daily market price is published by Refinitiv and Bloomberg.
The Diamond Standard® allows investors to access a natural resource valued at $1.2 trillion, which is more than the combined value of all silver and platinum in the world, by optimizing diamonds into a market-traded asset through the use of computer science. This innovative real-world asset is effectively exchanged as a vault receipt token, offering institutional and individual investors new wealth storage options, inflation protection, and diversification, all while improving the efficiency and transparency of the diamond supply chain.
This isn’t an offer to sell securities. The private placement memorandum should be thoroughly reviewed by investors to ensure they are aware of all risk factors, conflicts, fees, etc. Offerings of securities from Oasis Pro Markets, LLC
