<img title="Singapore company cancels blue diamond initial coin offering" src="https://images.mid-day.com/images/2018/mar/Blue-diamond-rep.jpg" alt="Singapore company cancels blue diamond initial coin offering" />
Representational picture
Singapore: A Singapore-based company has called off a $2 million initial coin offering backed by a 2.08-carat blue diamond that gave investors a chance at a raffle for a luxury dinner.
The event's organiser, V Diamonds, said Tuesday that it would process thousands of refunds for investors who bought tokens for an ownership stake in the ring.
V Diamonds' founder Ville Oehman agreed to buy the ring and dinner from the Russia-based World of Diamonds Group as part of a wider promotion. In November he began selling the tokens for $2 or more.
Investors had a chance to win a lavish dinner on a private jet, enlivened by fireworks. In a joint statement, V Diamonds and the World of Diamonds Group said the cancellation was a "mutual decision."
Catch up on all the latest <a title="mid-day news" href="https://www.mid-day.com/news" target="_blank">Crime, National, International and Hatke news</a> here. Also download the new mid-day <a title="mid-day android app " href="https://goo.gl/8Xlcvr" target="_blank">Android</a> and <a title="mid-day iOS app" href="https://goo.gl/KQziH4" target="_blank">iOS</a> apps to get latest updates
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

Taliban key commander among 4 killed in Afghanistan

The event's organizer, V Diamonds, said Tuesday that it would process thousands of refunds for investors who bought tokens for an ownership stake in the ring

Singapore company cancels blue diamond initial coin offering

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / World News / Article / Singapore company cancels blue diamond initial coin offering

Singapore company cancels blue diamond initial coin offering

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast