Diamonds "The New Gold"

16/10/2017

The Singapore Diamond Investment Exchange (SDIX) began trading a new standardized diDiamond Bullion is a credit card-sized package of diamonds sourced at wholesale prices on the Singapore Diamond Investment Exchange. This credit card sized device contains a chip that allows immediate valuation of the package based on exchange trading and instant authentication, which is crucial as synthetic diamonds have no resale value.

Diamond Bullion is a credit card-sized package of diamonds sourced at wholesale prices on the Singapore Diamond Investment Exchange. This credit card sized device contains a chip that allows immediate valuation of the package based on exchange trading and instant authentication, which is crucial as synthetic diamonds have no resale value.The new product is designed to store and display investment-grade polished diamonds sourced at wholesale prices on SDIX and issued in standard denominations of about $100,000 and $200,000 each.The Diamond Bullion has a mark, developed by the International Institute of Diamond Grading and Research (IIDGR), which is part of Anglo American's De Beers Group, provides a further guarantee of its legitimacy.Mr. Alain Vandenborre, chairman and founder of SDIX, says that this technology has solved this problem and diamonds can now become - "the new gold".
(Image courtesy of Singapore Diamond Mint Company.)

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