diamore.co

What It Is

Diamore is a tokenization platform for natural diamonds and gemstones. Its core model is to link certified physical diamonds with NFTs, using the NFT to record asset information, the owner’s wallet address, custody status, and Proof of Reserve. It is closer to an RWA/NFT marketplace for physical assets than to a conventional cryptocurrency exchange, wallet, or DeFi protocol.

Key Aspects

The diamonds shown on the platform are priced in USDT, such as 1.01 carats at 4260 USDT and 6 carats at 240450 USDT. After purchase, the physical diamond undergoes GIA attribute verification, receives a unique laser-engraved ID, and is then transferred to authorized storage. Partner storage locations include Dubai, Hong Kong, and Singapore, where physical pickup is also available; delivery to other regions is handled on a case-by-case basis. Users must complete KYC and may be asked to submit identity documents, proof of source of funds, and other materials. Merchants must undergo CDD/KYB and provide licenses and certifications. In terms of legal entities, the platform operator is Diamore Limited in the UK, crypto payments are provided by Lithuania-based UAB Manimama Exchange, and NFT issuance and marketplace operations are handled by Kaiyo Labs Limited in the British Virgin Islands.

Pricing and Fees

The main text clearly mentions a Services Fee and storage fees for Storage Services, but it does not disclose specific rates, secondary-market transaction fees, storage billing cycles, or withdrawal/pickup costs. For payments, only USDT is explicitly mentioned; no fiat on/off-ramp options such as bank cards or bank transfers were found. Overall pricing transparency is therefore still limited.

Pros and Cons

The main advantage is that the asset process is relatively complete: supplier screening, GIA certificates, unique IDs, authorized storage, and proof of reserves are all described. This makes it suitable for combining physical diamonds with on-chain credentials. The downside is that it still appears to be Join Waitlist-oriented, with limited public availability. NFTs also do not guarantee liquidity, future value, or resale ability, and security details such as cold wallets, insurance, and audits are not disclosed.

Who It’s For and Access from China

Diamore is suitable for users or diamond suppliers who understand NFTs, USDT payments, and the custody risks of physical assets, and who want exposure to diamond-related alternative assets. It is not suitable for users looking for high-liquidity trading, leveraged contracts, or low-barrier fiat payment channels. The main text does not state whether the service is accessible from mainland China, and payment and compliance availability are also unclear. If access is restricted, traditional diamond dealers, auction houses, or other more established RWA platforms may be considered as alternatives.