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A New Project Combines NFTs And Real Diamonds

The private sale of 333 limited edition art NFTs, each coupled with a high grade, GIA-certified Cape diamond, will begin on January 11, followed by a public sale on January 18.
nfts diamonds

Diamond Dawn is an NFT project created by Mike Moldawsky and David Ariew. 333 limited edition art NFTs, each paired with a high quality, GIA-certified Cape diamond, will go on private sale January 11, followed by a public sale on January 18. The market, in the form of the Diamond Dawn collectors, will decide whether to own the physical diamond, or its digital representation.

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Diamond Dawn is a first-of-its-kind NFT initiative developed by Mike Moldawsky in partnership with Moldawsky Diamonds, famous artist David Ariew, and Tony Herrera, an experienced entrepreneur and inventor in the web 3.0 arena.

The initiative makes use of blockchain and NFT technologies to encourage diamond sourcing that is transparent and ethical.

It is the creation of entrepreneur Mike Moldawsky, a member of the well-known Moldawsky family with deep roots in the diamond industry.

David Ariew is one of the world’s most notable NFT painters, recently selling an NFT piece at Sotheby’s for $224,000. He developed two of the three Beeple X Madonna NFTs and has worked with major musicians like as Katy Perry, Zedd, and Deadmau5.

Tony Herrera is a visionary with a lengthy history of creating and pioneering in the domains of cryptocurrencies, blockchain, and non-fungible tokens. He is a founder member of Galaxis as well as other metaverse-focused DAOs such as MeebitsDAO, NeonDAO, and ReadyPlayerDAO.

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NFT Project

Diamond Dawn is a 6-month project that will be completed. The project’s four phases are identical to the four stages of natural diamond processing that occur in the actual world.

All of these stages are carried out using an interactive interface created by Asaf Snir, a website design professional with 15 years of experience who specialises in innovative visual experiences and parallax technologies.

The collector will mine a digital Rough Stone in Diamond Dawn’s virtual mine in the first phase. Following that, the collector evolves their diamond until it achieves the perfection of the digital diamond conceived by David Ariew.

The fourth and final phase is when the collector must decide whether to keep the virtual digital diamond or have it turned into a real diamond.

If they pick the physical diamond, they will get a limited-edition art work made by Moldawsky in the form of a GIA-certified diamond. The real diamond will have the exact same colour, shape, and carat weight as the NFT diamond.

One critical feature of the idea is that the NFT that backs the actual diamond is subsequently incinerated. This will then increase the scarcity value of the remaining NFTs, potentially making them more precious than the real diamonds themselves.

The gems are kept at the Moldawsky Diamonds vault, which is located within the Israel Diamond Exchange, the world’s largest diamond exchange.

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FAQs

An NFT is a data unit that may be sold and exchanged. It is recorded on a sort of digital ledger known as a blockchain. The NFT can be linked to a specific digital or physical item, such as photographs, art, music, or sports highlights, and can grant licence rights to utilise the asset for a specific purpose.

At Truoosh, we’re here to help you navigate this overwhelming world of stuff. All of our market picks are independently selected and curated by the editorial team. All product details reflect the price and availability at the time of publication. If you buy something we link to on our site, Truoosh may earn commission.

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Billionaire Laurence Graff paid a record-breaking $46.1 million for a magnificent vivid pink diamond weighing 24.78 carats. Originally owned by his competitor Harry Winston, it now carries graff’s name and is a part of the legendary collection of rare diamonds.

We usually advise brilliant round diamonds with a cut grade of very good, ideal, or super ideal for engagement rings (also known as hearts and arrows). A high cut grade maximises a diamond’s beauty for a given carat weight.

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It’s crucial to have a concept of what you might prefer before starting your search because it will enable you to focus on fewer of the many engagement ring possibilities that are now available. Also, when you initially start browsing, it helps to have a few distinct design concepts and the overall budget because the variety can be overwhelming.

Here are Engagement Ring Trends 2023:

1. Modern Art-Deco
2. Colored Stones
3. Lab-Grown Diamonds
4. East-West Settings
5. Multiple Large Stones

The traditional round diamond form, which is the most common, may come to mind when you think of diamonds. But if you want something different, a tonne of alternative forms may be found to suit your unique taste and style. Each diamond shape has its own fire and brilliance because they are cut to different standards, altering how they reflect light.

The most popular kinds of diamonds are listed below:

1. Round Brilliant Cut Diamonds
2. Princess-Cut Diamonds
3. Marquise-Cut Diamonds
4. Cushion-Cut Diamonds
5. Emerald-Cut Diamonds
6. Radiant-Cut Diamonds
7. Pear-Shaped Diamonds
8. Oval Diamonds
9. Asscher-Cut Diamonds