Former Anglo American CEO Mark Cutifani Joins Diamond Standard Advisory Board USA - English USA - English
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NEW YORK, Feb. 27, 2024 ~ Diamond Standard Co., the company behind the world's only regulated and market traded natural diamond commodities, has announced the addition of influential mining executive Mark Cutifani CBE to their board of advisors. This news comes as a significant development for the company, as Cutifani brings with him a wealth of experience and success in the mining industry.

Cutifani's impressive career includes serving as CEO of Anglo American from 2013 to 2022, where he was credited with transforming the company and delivering a fivefold increase in stock price. He also served as Chairman of De Beers, one of the leading diamond mine operators and marketers in the world. Currently, he holds the position of Chairman at Vale Base Metals, where he played a key role in raising $3.4 billion from the Public Investment Fund and Ma'aden mining of Saudi Arabia.

Prior to these roles, Cutifani was CEO of AngloGold Ashanti, a $7 billion market cap mining company that produces gold, silver, and uranium. He also served as a member of the World Gold Council during the development of SPDR® Gold Trust – operated by State Street Global Advisors – which became briefly became the largest ETF in the world within seven years of its listing.

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Cutifani's decision to join Diamond Standard Co.'s board coincides with their ambitious plans to launch listed financial products for diamonds. This move will finally allow investors to diversify into an underallocated asset with significant upside potential. The company has already agreed to develop futures on MGEX via CME Globex and options on MIAX, and has previously filed for an ETF.

One such product is Diamond Standard Fund – a collaboration between Diamond Standard Co. and Horizon Kinetics – which will be listed on an Alternative Trading System through a strategic partnership with Oasis Pro Markets. This private fund is available for accredited investors and is managed by Horizon Kinetics – a $6.5 billion SEC-registered investment advisor and sponsor of the Inflation Beneficiaries ETF (NYSE:INFL).

According to Diamond Standard Founder Cormac Kinney, Cutifani's global perspective and experience will be invaluable in applying their technology to unlock other natural resources as investable assets. Diamond Standard's innovative commodities are transparent coins and bars containing geologically equivalent sets of natural diamonds, assembled under the supervision of the Bermuda Monetary Authority and internal audit by Deloitte. The daily market price is published by Bloomberg and Refinitiv, and the commodities trade on the Diamond Standard Spot Marketplace.

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Through the use of computer science, Diamond Standard® has optimized diamonds into a market-traded asset, providing investors with access to a natural resource worth $1.2 trillion – more than all the world's silver and platinum combined. This breakthrough real-world asset is efficiently transacted as a vault receipt token, offering diversification, potential inflation protection, and a new store of wealth for both institutional and individual investors. Additionally, it brings transparency and efficiency to the diamond supply chain.

Investors interested in this opportunity can visit www.diamondstandard.co for more information. However, it should be noted that this does not constitute an offer of securities and investors should carefully review all risk factors, conflicts, expenses, etc. disclosed by the private placement memorandum. Securities are offered by Oasis Pro Markets, LLC – a member of FINRA / SIPC.

For media inquiries or further information about Diamond Standard Co., please contact Anila Daci at [insert contact information].
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