Expobank issued digital financial assets in exchange for diamonds. This is the first DFA issue in Russia related to a gemstone, Vedomosti writes.
The initial cost of a three-carat round diamond is about 9 million rubles. When the DFA was issued, the gemstone was conditionally divided into five thousand parts: Expobank put one thousand of them up for sale. The cost of a DFA is 1/5000 of the price of a diamond: 1975 rubles.
Only qualified investors will be able to purchase DFA for one diamond and only until December 27. The date of payment of the obligations arising from the transaction is set for November 26, 2026. The amount of the refund depends on the value of the diamond at the time of sale and is calculated in several ways.
The first option is to calculate the market value of a gemstone using the Alrosa investment diamond cost calculator on a special website. It takes into account parameters such as size, purity, color, quality, shape and fluorescence.
However, if at the time of redemption “for some reason” the calculator is not available, the diamond price index will be used to calculate the cost of the diamond. The Moscow Stock Exchange plans to launch it in November. In case both methods are not available, investors will receive a fixed premium of 12% of the purchase amount.
Author:
Karina Pardaeva
Source: RB
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