Editor’s Note
This article explores how the Israeli Diamond Exchange is leveraging its high-security infrastructure and physical assets to create a diamond-backed cryptocurrency, positioning it as a potentially more stable alternative to volatile digital currencies like Bitcoin.
Investments in cryptocurrencies like Bitcoin are considered risky ventures. The Israeli Diamond Exchange aims to create a secure asset against this trend – using its precious stones.
The towers of the Israeli Diamond Exchange in Ramat Gan near Tel Aviv resemble a high-security compound. Cameras monitor the few entrances and exits of the “Bursa,” as Israelis call one of the world’s largest diamond trading centers. Entry is only possible through security checkpoints, past highly nervous security personnel in dark suits and sunglasses. In the sunlit trading hall of the exchange, hundreds of employees sit at small tables. Concentrated, they polish rough diamonds and then sell them as the precious stones that will later adorn wealthy buyers worldwide.
