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.
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