High-value diamond trades between African miners and Antwerp/Mumbai cutting centers use gold settlement. LCORE's gold DVP settlement through Abu Dhabi escrow under ADGM English Common Law (Reg. 28158) provides a settlement mechanism that eliminates both counterparty risk and currency conversion friction. Gold is the universal settlement medium — accepted regardless of banking sanctions, FX controls, or correspondent bank limitations. Minimum $5M per transaction.
Request ConsultationDiamond Trade is one of the most active sectors seeking non-USD settlement. Key commodities: rough and polished diamonds. Challenge: Russian diamond sanctions (Alrosa), non-USD settlement. LCORE's gold DVP mechanism enables 2-3 working day settlement without USD correspondent banking.
Mechanics: buyer deposits physical gold into ADGM DVP escrow, rough and polished diamonds is delivered, payment confirms via agreed correspondent, gold releases. ADGM English Law governs. UAE geopolitically neutral.
Confidential. Min $5M. ADGM 28158.