NYBlue Emerges as a Key Player Redefining the Global Gemstone Market

Australian gemstone company NYBlue Pty Ltd has emerged as a key player working to redefine the global gemstone market.

Australian gemstone company NYBlue Pty Ltd has announced the launch of its pre-sale for ZIRC, a ‘real world asset’ cryptocurrency backed by 1 carat of blue zircon gemstones. The company, which recently disclosed holdings of over 1 million carats of the rare gemstone, is offering the token as a way for individuals to participate in the potential rally of blue zircon values.

Announced earlier this year, NYBlue's primary strategy involves systematically increasing its current holdings to continue acquiring all available Cambodian blue zircons, a move that will give the company control over the supply chain and potentially influence the future value of these precious stones.

Speaking to CryptoBanters' Town Hall podcast to announce the launch of their RWA token pre-sale, representatives from NYBlue highlighted the company's broader vision.

“What would be a more appropriate display of affection, for your significant other; a piece of compressed, common, carbon, or instead something more ancient than Earth, exceedingly rare, and twice as brilliant as diamond?” NYBlue asks in a video.

The Australian company, which is financed by Australian AgTech founder & former political advisor Mitch Brownlie, has discussed the project on various podcasts, often comparing the NYBlue project with a previous gemstone rally when the African gemstone ‘tanzanite’ rose from obscurity to reach parity with Diamond.

Tanzanite Spot Price – An inspiration for NYBlue.

NYBlue draws inspiration from the historical trajectory of the tanzanite market, where prices experienced a tenfold increase over three years. The company anticipates a similar trajectory for zircons, aligning its strategy with past successes to project a potential surge in value.

NYBlue had previously announced its plan to launch a gemstone-backed cryptocurrency codenamed ZIRC, where each token is fully backed by and redeemable for a 1-carat blue zircon gemstone. This approach allows consumers to benefit from the rise of blue zircon without the risks of volatility associated with traditional cryptocurrencies. Owners of Zirc tokens will have the option to redeem their cryptocurrency for gemstones at any time, ensuring a stable, arbitrage-enforced peg between the two assets.

NYBlue aims to acquire the majority of globally available gem-quality blue zircons, effectively positioning itself as a dominant force in the market. This approach is designed to exert influence over the supply chain, creating a ripple effect on the market value of blue zircons across the industry.

NYBlue's strategic initiative is not a short-term play; it is an ambitious endgame to secure a controlling stake in the multi-billion-dollar gemstone market. With a collection of gemstones valued at around $300m, NYBlue aspires to redefine the gemstone narrative on a global scale. This venture positions the company as a significant player, with the potential to impact the industry's landscape for years to come.

In their quest for dominance in the gemstone market, NYBlue has announced a new and highly disruptive initiative; the launch of a blockchain-backed cryptocurrency named ZIRC, with each unit of the blockchain being fully backed by; and redeemable for a 1 carat blue zircon gemstone. This innovative approach allows individuals to participate in the potential rally of blue zircon values, by offering exposure to the underlying commodity without the inherent risks associated with traditional highly volatile cryptocurrencies.

Buyers have the option to redeem their ZIRC tokens for actual gemstones at any time, effectively eliminating the possibility of the token's value dropping below the market price of the gemstone itself, providing consumers with a tangible and secure asset. This strategic integration of blockchain technology not only enhances transparency and security but also democratises access to the exclusive world of the international gemstone trade.

NYBlue's PreSale is now live on Zir.co.nz

About Zirc

Zirc offers a cryptocurrency fully backed by blue zircon gemstones. Each ZIRC token is redeemable for a 1-carat blue zircon, providing a stable and tangible asset. The platform aims to integrate blockchain technology to enhance transparency and security, making it accessible for individuals to participate in the gemstone market without the risks associated with traditional cryptocurrencies. Zirc's approach democratizes access to blue zircons and offers a unique investment opportunity backed by real-world assets.

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