Tuesday, 10 October 2017

Standardized Diamonds

A Singapore-based exchange began trading a new 'standardized diamond' product that aims to be a shelter from global risk. The credit card-sized package of diamonds, named Diamond Bullion, seeks to remove one of the main obstacles for trading precious stones — the subjectivity of their value.

Launched by the Singapore Diamond Investment Exchange (SDiX), the new product stores and displays investment-grade polished gems sourced at wholesale prices on SDiX and issued in standard denominations of about $100,000 and $200,000 each. Each Diamond Bullion card contains a chip that allows immediate valuation based on exchange trading and instant authentication.