Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year

The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...

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Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

MoneDiam to Launch Diamond Investment Unit in June

01 february 2013

MoneDiam is a new diamond investment set to launch in June 2013, which claims it will allow investors to trade physical diamonds in the same way they may trade gold bullion, Rapaport reports citing Albawaba.
The proposed investment is based on MoneDiam Units, each of which will comprise of  10 polished diamonds encapsulated on a credit card sized card. Each card will carry a standardized weight and value. There will be 16 units, valued approximately between $6,000 to $540,000. Besides taking physical delivery of the units, investors will also be able to hold certificates for units stored in recognized custody locations.
The company claims forthcoming market launch of MoneDiam will mark a paradigm shift in the use of diamonds for investment purposes. "The patented technology on which it is based provides a unique and reliable response to the challenges of standardization, security and pricing that prevented diamonds from serving as investment assets," according to Monediam.
The high security liquid and tradeable hard asset class will open a new market for international investors and the diamond producing industry alike and the private owners said it is secure, tamper proof and that diamonds will be certified by the Gemological Institute of America (GIA).  MoneDiam's management will raise funds through a private offering to finance production and sale of the first units.