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The World’s First Diamond-Backed Cryptocurrency Is Here

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It’s called PinkCoin.

The world’s first diamond-backed cryptocurrency, PinkCoin, will go on sale beginning Jan. 18, according to Rapaport. PinkCoin, the report adds, is backed by colored diamonds, which the founders of the cryptocurrency claim have not lost value since tracking began in 1959 and have been independently certified and appraised. The initial public sale of PinkCoins will be based on an “asset pool” of colored diamonds worth $5 million. Once sold, PinkCoins will be able to be traded for Bitcoins or even individual gems from the asset pool.

Read more at Rapaport

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Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

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