Will a new investment-grade diamond product enhance the trading and liquidity of diamonds as an asset class?
The Singapore Diamond Mint Company (SDM) announced the launch of the Diamond BullionTM. The firm claims it is a revolutionary new investment product designed to bolster investment in diamonds as an asset class by providing a standardised, liquid, and exchange-listed format for diamond trading.
The Diamond Bullion is a credit card-sized package of investment-grade diamonds (pictured) in a tamper-resistant sintered zirconia case, with a unique optical signature recognition system and serial number.
Backed by Technology
The latter two features enable the instant authentication of the product using a secure mobile app. Further to these, proprietary unique inscription technology sourced from De Beers Group’s International Institute for Diamond Grading and Research (IIDGR) is incorporated into the Diamond Bullion.
This technology from IIDGR enables the unique identification of each diamond sealed in the Bullion through a proprietary table inscription, which is integral to ensuring the authenticity of every diamond in each Diamond Bullion sold.
Economic Uncertainty
Fungible and tradeable, the Diamond Bullions will be exclusively listed on the SDiX, the world’s first fully electronic exchange for trading investment-grade diamonds. Investors will be able to obtain real-time pricing data via the SDiX website or via the SDM mobile app.
«At a time when the world is facing unprecedented geopolitical situations and economic uncertainty, the Diamond Bullion is a safe-haven asset,» said Simon Murray, vice chairman of The Singapore Diamond Mint Company and a shareholder of SDiX.
