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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

SDiX says diamonds a great safe haven asset

11 october 2017
Singapore Diamond Investment Exchange has created a new investment product called the Diamond Bullion in the form of sets of investment-grade polished diamonds.
Investment diamond sets will have denomination value of about $100,000 and $200,000 each, according to SDiX representative cited by Bloomberg.
“Until now, there was no way people could invest in diamonds in the form which is equivalent to investing in gold,” said Alain Vandenborre, executive chairman and founder of the exchange. “A diamond has absolutely zero correlation with any other asset class, whether it’s commodities, bonds, equities. It’s a store of wealth, it’s a hedge against volatility and you need that in your portfolio.”
The products are issued by the Singapore Diamond Mint Co. The gems are sourced from the wholesale market through De Beers sightholders and Alrosa PJSC, and must be in the top five levels of color and clarity, he added.
The exchange plans to list other denominations in future, and the interest they attract could boost trading volumes and global prices, Vandenborre said, while their real-time pricing is available from the exchange website or the mint’s mobile app.
SDiX, which says it’s the world’s only electronic exchange for trading investment-grade diamonds, has dealt about $165 million of the gemstones since starting in May last year.

Theodor Lisovoy, Rough&Polished, Moscow

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