Topic: Starting a bitcoin to diamond exchange service PROS and CONS (Read 683 times)

Try selling on Bitmit or even on the auction board.

Looks very interesting

I will be selling Diamonds engraved with Bitcoin private keys:

https://bitcointalksearch.org/topic/bitcoin-private-keys-engraved-in-diamond-197793

We engrave in Antwerp, can ship internationally and securely, and have a real brick and mortar shop if you wanted to actually visit.

Hi there,

I am not sure this was posted before but in any case with the fear that I might repeat just what somebody else said I wanted to know what are the implications of opening an exchange service for rare goods such as diamonds (note the market is different than gold or silver as it is not regulated by the same principles), prices are set differently (Rappaport & Diamond Council). Diamonds were always a good investment and will remain, it's just the do's and don'ts that might prevent such a service to open?

I saw someone posting something similar here https://bitcointalksearch.org/topic/diamonds-for-bitcoins-74266 and I can tell you none of the big brands are likely to accept btc very soon no matter the industry. Money is the primary means and would stay this way for a long time because of the nitty gritty world of banking/accountancy/ledger/AR/AP, international standards plus auditing. Most big retailers CEO's and money movers still see btc as a potential bubble.

Having said that, starting with local and small businesses is the key here, you get the market cap and support the system (as idea and the truth behind it) and then when a real stable and growing market is created for btc use, move to bigger fish.

In my own world I would like to open a "diamond for btc" service such as the gold/silver ones though operating like a store too (ex bluenile). Any idea if this can be done?

In the meantime, can someone tell me if there is a good marketplace that I can sell certified diamonds on for btc without a hassle?

Thanks and good luck!
Daniel