FIRST AIRED: October 10, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 4

×

Transcript

00:00:00
>> A rapidly changing world, demands truly reliable asset classes. Ones that have demonstrated value throughout human history.>> They've long been a girl's best friend, but diamonds could be about to become popular with investors. The Singapore Diamond Investment Exchange has come up with a way of standardizing the value of the world's most concentrated form of wealth.
00:00:21
>> This is the first time in history that an investment product is made out of diamond, as a physical, tangible product. That diamond bullion is fully readable through application and has an instant pricing because it's uniquely listed on a regulated exchange in Singapore. Gold is the most popular safe haven asset.
00:00:44
A block of standard size and caret can have a set price. That's not the case with a diamond. Each stone has to be looked at individually, making value subjective and trading difficult.>> Until about a year ago, there was no product that was meant for investors who would invest into diamonds like they do for tangible assets like gold and other commodities.
00:01:06
>> The diamond bullion is produced by Singapore Diamond Mint. They're stored in a credit card sized device. It has a chip that allows immediate evaluation based on exchange trading.>> The entry price level for a diamond bullion is about $100,000 US. So we're gonna issue bullions in different denominations, we start at $100,000 US, we'll go a little bit up and then we will go down when the market is ready.
00:01:33
>> Diamond trading had already been opening up, De Beers now sells rough and polished stones through online auctions. The new electronic exchange offers even more options and gives a whole new meaning to the diamond credit card.