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"Our customers are guaranteed a high-end diamond asset that they can liquidate at any time for a competitive return."
TORONTO, ON, September 29, 2018 /24-7PressRelease/ -- Toronto-based startup, Loveonly, Inc., is committed to revolutionizing the loose diamond industry with the integration of blockchain technology. The company not only uses blockchain traceability technology to record all aspects of loose diamonds, but has also built an innovative exchange platform that has contributed to the promotion of the assetization of diamonds. The company's goal is to unlock the true investment potential of diamonds for all investors while re-establishing safety and trust. Further, Loveonly customers are guaranteed a high-end diamond asset that they can liquidate at any time for a competitive return.
Through a strategic partnership with Everledger, Loveonly will use blockchain technology to both identify the authenticity of diamonds, to avoid the purchase of conflicting diamonds such as "blood diamonds," and restore trust within the diamond industry.
"When consumers purchase our diamonds, they will use the characteristics of the decentralized distributed ledger technology of the blockchain to allow the diamond information to be chained and to query every historical transaction information," said Sunny Jiang, CEO / Founder Loveonly, Inc.
The Loveonly project sources exclusive, natural, and high-quality diamonds that are all 100% traceable with the empowerment of blockchain technology. The project advocates the values of "In Love We Trust" and "A Diamond is Loveonly," to illustrate a stable and valuable investment in love and family assets, a unique appeal to the non-traditional diamond buyer.
Loveonly also provides access to the circulation of diamonds in major regions of the world through a diamond exchange platform, thus creating an open and transparent "decentralized bank of diamond."
"Our exchange will allow full transparency from top suppliers directly to consumers and investors in this way, we will create more value for the industry--an innovative approach that hasn't been done," said Jiang.
Diamonds are posted on the exchange at prices determined by the seller. A dynamic index, the Love Asset Diamond Index, will inform buyers of the standardized price of a diamond with their desired 4C characteristics. Suppliers will have direct access to push diamonds into the market, and retailers and consumers will be empowered to purchase their desired stone. After purchase, consumers will be able to find additional customization services through traditional jewelry retailers to finish their desired expression.
"Traceability, security, and authenticity are part of the Loveonly promise. Some reassurance in authenticity will be truly unique, as the average consumer currently lacks the ability to verify diamond assets," noted Jiang.
If you are interested, check out the Loveonly website in the link below:
Loveonly, inc. is an asset brand that empowers diamonds with blockchain technology. Our platform can source diamonds globally and create sustainable diamond flow in a renewable market. Our customers are guaranteed a high-end diamond asset that they can liquidate at any time for a competitive return. We have our eyes on market shares in a 500 billion dollar diamond industry as well as the investment asset market. We are defining "new wealth", an advanced wealth management and development system that will bring together all blockchain-empowered assets. More information visit https://www.loveonly.love. Follow us on Twitter @Loveonlyinc.
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