Fair Diamond Mining (FDM) is a decentralized platform, based on the blockchain. FDM will invest in a real diamond mine in Liberia (West-Africa) which affords the local diamond miners greater share of the revenue. At the same time, Fair Diamond Mining allowing investors to earn money on selling these diamonds with less overhead due to the elimination of a middle man. FDM tokens will be used to buy equipment for the miners in Liberia. For this investment the FDM platform gets a great return of the
Fair Diamond Mining (FDM) is a decentralized platform, based on the blockchain. FDM will invest in a real diamond mine in Liberia (West-Africa) which affords the local diamond miners greater share of the revenue. At the same time, Fair Diamond Mining allowing investors to earn money on selling these diamonds with less overhead due to the elimination of a middle man. FDM tokens will be used to buy equipment for the miners in Liberia. For this investment the FDM platform gets a great return of their investment of all diamonds that are mined for the next 6 years of the concession issued by the government. The platform implements state of the art equipment to scan and upload all mined diamonds on the spot. FDM platform knows for 95% what the final retail price will be and our investors will also know what we earn on this diamond real time. After scanning and engraving the diamonds we will safely store the diamonds and transport them by a helicopter. Mining in their current form are fraught with inefficiencies, security risks, and unreasonable middleman fees
How it works
For the miners: With the provided machines they do not have to work by hand any longer. The mine (New Field DMC) is currently subtracting 3 carats per day manually and only for 200 days a year due to rain. With our equipment they can work almost the whole year as they can dig in advance and still find diamonds in rain season.
For the Community in Liberia: Newfielddmc will, depending on the results define a certain part of the profit to help the Liberian community with important needs to strengthen the country, like homes for students close to universities or development of organizations for community strengthening.
For the investors in FDM: You will be a part of this mine for the next 5 years and will benefit from each diamond that is mined by cutting out the middleman. With diamond mining there is also a luck factor you’ll never know what we find.
Fascinated story of your diamond in New Field: Diamond, among the rarest materials on earth, is a mineral and the hardest naturally occurring transparent crystals substance found. Incredibly, it is the only gemstone made of just one element, carbon in the purest form. Your diamond was forged hundreds of kilometres below the earth’s surface. Extreme heat and pressure caused fragments of carbon to form into diamonds crystals. Miraculously, your diamond was brought up to the surface by a volcano. Some of these diamonds were released from their mother rock and were transported hundreds of kilometres away, to be found much later in river beds such as in our mine New Field that benefits from both a diamond holding rock bed as well as river brought diamonds from higher up mountains.
Market of diamonds: Frost & Sullivan predict a demand-supply shortfall of mined diamonds that increases every year, leading to a demand supply gap of 41 million carats by 2022. As a result diamond prices are likely to be affected over the coming decades, making them a potentially interesting investment asset.
Security: Apart from our scanning systems we provide our equipment with camera systems and kill switches. After scanning and engraving the diamonds will be packed separately with a barcode matching the code in the blockchain which non-changeable by anyone. The diamonds are safely stored in an underground concrete safe that can only be opened twice a week by the transport company that does the transport in 20 minutes by helicopter directly to the airport.