Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 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