Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

CEDEX to start trading services by listing $50 mln worth of diamonds

29 march 2019

cedex_logo.pngBlockchain-based diamond commodity exchange CEDEX announced that it has secured over 6,000 diamonds worth more than $50 mln to start trading on the platform. The exchange is also planning to launch a diamond-backed exchange-traded fund (ETF) which is currently under the development stage, as mentioned in Finance Magnates.
Commenting on this development, Saar Levi, co-founder and CEO of CEDEX, said: “The vast inventory available combined with CEDEX unique technology opens up for traditional and digital markets the opportunity to develop financial instruments that will initially create the liquidity needed to jumpstart our vision – transforming diamonds into a new asset class.”
The ETF will be “generic” in nature and will allow the investors to trade diamonds as a financial asset class.
Cedex is a venture that is composed of a group of companies that are attempting to develop a blockchain-based online diamond exchange. Its goal is to implement technology which could turn diamonds into a tradable asset class.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished