In a new interview with Quartz, Diamond Platinum CEO David Klimt explained why the company’s recent acquisition of Platinum Materials is a key piece of the company plan to break into the diamond market, as well as why the CEO sees the recent surge in demand as a harbinger for a surge in sales and profit.
We’re working with the companies that are building the infrastructure and the infrastructure is going to come. “
We’re really excited about what’s happening.
We’re working with the companies that are building the infrastructure and the infrastructure is going to come.
We really believe that diamonds are the future of jewelry.”
Diamonds are a precious commodity in the US, but they’re also one of the most expensive metals in the world.
They’re also considered a “purity” of sorts, meaning that the presence of one or more platinum atoms in the diamond is considered to indicate that it’s an extremely pure piece of metal.
The reason for this is that there’s a finite amount of platinum in a diamond.
As a result, diamonds have an intrinsic value and must be carefully selected to guarantee the purity of their material.
Klimt noted that the Platinum Materials acquisition is a major milestone for Diamond Platinum, and one that’s going to help them expand into other diamond markets in the future.
“This acquisition is definitely a game changer,” he said.
“It’s the first diamond company to go public in the platinum industry and is a significant step for us to be able to get into the diamonds market.”
In the future, Klimts goal is to get Diamond Platinum into the “highest purity diamond mining and processing” market in the industry.
The company currently mines only diamonds with between 10% and 50% platinum.
Klims new acquisition will allow Diamond Platinum to take on the mining and refining of diamonds at the “gold standard” of 40%, 60%, 80% and 90% platinum, while simultaneously improving the quality of diamonds produced by Platinum Materials.
Diamond Platinum’s acquisition will not be a quick process, however.
The diamond company will need to convince several other diamond miners to join the company in order to move ahead.
However, the company expects that these new miners will start to get a handle on the diamond mining industry in the near future, and will start making plans to enter the industry more broadly.
In addition to its new acquisition, Kimts new business also includes a new venture to expand into the pharmaceutical sector.
In a statement on the company website, Diamond Plates CEO David S. Krimt said that the company is “working with a number of pharmaceuticals and health care professionals to develop a portfolio of novel drugs that will be developed for the pharmaceutical industry.”