Investment Diamond Exchange Launches, Claiming To Offer A New Way To Invest In Diamonds

"For years, the diamond market was monopolized by DeBeers," says press release from IDX. "However, that all changed in 2001, when DeBeers was privatized. By 2004, the DeBeers diamond stockpile was depleted, allowing diamond prices to trade on supply and demand, just like any other commodity.”

 

 

Chris Duffield, co-founder of Investment Diamond Exchange says investors never had the ability to invest in diamonds without paying the retail mark-up, but IDx's trading platform offers price transparency and liquidity. "Our investors will be able to take physical delivery of GIA certified investment diamonds, track the value of their position, and effortlessly liquidate their diamonds whenever they desire,” Duffield says in the release.

 

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