India’s cut and polished diamond export increases by 68.64%; rough imports up 142.62% in August

India’s export of cut and polished diamonds at $ 2051.88 mn in the month of August 2021 shows a growth of 68.64 per cent as compared to $ 1216.70 mn for the month of August 2020, according to data available in gjepc.org.

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Global jewellery industry calls for immediate action on gender equality

The global jewellery industry has called for collective and immediate action on gender equality, a crucial building block in developing a strong and responsible supply chain that contributes to achieving UN Sustainable Development Goal 5.

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Dubai IE promotes Gold & Jewellery sector in JCK Las Vegas

Dubai Industries & Exports (Dubai IE), the export promotion and industrial development agency of Dubai Economy, showcased the capabilities and potential of the gold & jewellery sector in Dubai for the first time at JCK that concluded in Las Vegas...

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US Holiday jewelry sales expected to skyrocket

According to Mastercard SpendingPulse, US jewelers can expect revenue from jewelry sales in the US between November 1 and December 24 will grow 59% compared to the same period last year.

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Australia becomes world’s biggest producer of gold for first time

Australia has become the world’s biggest producer of gold for the first time, having played second fiddle to China for the last decade. Australia unearthed 157 tons of gold in the first half of the year, pipping China by four tonnes.

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How to become diamond owner for 20 euros

31 january 2014

The InvestDiamond.com Internet platform is the first of its kind to trade in physical diamonds for investment purposes.

As it was reported by Le Figaro, with a single click of the mouse you can buy and/or resell VAT free diamonds weighing 0,001 carats. Stones offered by InvestDiamond for individuals and legal entities are certified by one of the leading diamond laboratories in the world – the International Gemological Institute (IGI).

The Aucoffre.com owners, who created the InvestDiamond project and previously specialized in the trade of physical gold and silver, argue that customers are guaranteed the lowest market prices for diamonds, which are internationally recognized investment instruments.

InvestDiamond keeps its valuables at non-bank security vaults in Switzerland and they are exempt from customs duties and VAT.

Offered for sale investment lots of diamonds consist of thirty or fifty full-rate stones weighing from 0.5 to 2 carats, which you can buy in real time.

"We offer mainly diamond lots, instead of single stones, because this allows us to give you a more attractive price. So, for 20 euros you can become an owner of some part of a lot corresponding to 0.001 carats," said Jean-François Faure, President of Investdiamond.com.

According to him, investors can become owners of diamonds for less than 5,000 euros and will be exempt from tax. Besides, this helps to reduce price volatility.

All diamonds offered for sale come from an intermediary located in Antwerp. Stones from other sources are not put up for sale. Octagonal diamonds certified by IGI, which strictly observes the requirements of the Kimberley Process. Prices are published weekly.

Diamonds purchased by customers at Investdiamond.com are stored on the territory of a free trade zone in Switzerland so the tax when they are sold is not charged. For those investors, who invest in diamonds and want to become owners of physical stones, these are either supplied from Antwerp or purchased for money invested by the company’s partners. But in such cases, customers will have to pay the VAT.

"Diamonds are a safe investment protected from crises and they are also a global exchange currency. This is a cost-effective product. Prices are rising and they must continue to grow as the level of production is low and demand is high," said Jean-Francois Faure. According to him, diamond demand will mainly come from China, which will be the world's largest consumer of diamonds by 2015.

Taking into account the forecasts saying that demand for rough diamonds will grow annually by 6%, "it is also a very liquid asset, which is not controlled by any financial institutions or the state," said InvestDiamond’s president.

Another advantage of this gem is related to taxation. As an investment product diamonds come into the category of “jewelry and associated goods.” In case of their resale there are two tax regimes which may be applicable: a one-time tax of 5.5% or a tax levied on capital gains at a rate of 34.5% with full exemption from paying it after 12 years of ownership.

Thus diamonds for individuals represent an alternative to traditional protected financial assets. On its part, InvestDiamond expects its newly born project will face a brilliant future. Two hundred investors have already become customers of this company, and in January Faure expects that number to reach one thousand persons.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished