MoneDiam aims to make diamonds trade like bullion

MoneDiam is a new diamond investment set to launch in June 2013, which it says for the first time will enable investors to trade physical diamonds in the same way they can bullion.

The trade is based on ‘MoneDiam Units’, each of which constitutes 10 polished diamonds encapsulated on a credit card sized card. Each card will carry a standardised weight and value. There will be 16 units, valued approximately between $6,000 to $540,000.

MoneDiam said its solution to enable market trading overcomes challenges of standardisation, security and pricing that has previously stopped diamonds being widely used as investment assets.

Besides taking physical delivery of the units, investors will also be able to hold certificates for units stored in recognised custody locations.

“The high security liquid and tradable hard asset class will open a new market for international investors and the diamond producing industry alike. The patented technology and the unique design make it a quality investment for institutional investors as well as private owners as it is secure, tamper proof and the diamonds will be certified by GIA,” MoneDiam said.




Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!