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MAKE MONEY BLOG$ ~Jakarta - Diamonds has been regarded as a symbol of wealth since hundreds of years ago. But if diamonds could replace gold as an investment product promise?
Sure you can. Individual or couple can buy a diamond in the retail market. However, there is a new movement that wants to make diamonds can be bought for gold as an investment.
The Securities and Exchange Commission is reviewing proposals of Exchanged-traded fund (ETF) based on the first diamond ever, as reported by CNBC (04/18/2012).
By Tom Lydon, president of Global Trends Investments and ETF Trends editor, there will be demand for diamonds ETF but the problem is pricing. "ETF Provider diamond industry have forced the standardization of prices. While the diamond industry diamond prices like the facts are not always clear and certainly because of where they got the money, "said Lydon.
"Gold is liquid. He traded on futures exchanges. But when you buy a diamond, the story is different. Diamonds are not created alike.Lots of shapes, sizes and quality, "said Lydon.
An article in the New York Times describes how the diamond ETF:
ETF will buy a one carat diamond and put it in a vault in Antwerp, Belgium. They provide a daily index value is yet to be named at this time. ETF firm backed by the United States - IndexIQ already brought 14 other ETFs to the market five years ago.
Citi analyst Oliver Chen who studied the diamond industry warned to be careful with a diamond ETF. "The percentage of end-user customers diamonds up to 98%, while gold is only 50%. So, it will probably happen a lot of turmoil in the supply and demand. "
Chen estimates that diamond prices will rise 6% per year over the next decade. Data from the Rapaport Diamond Trading Network noted, the average price per carat (of 25 top quality diamonds intact) reached nearly U.S. $ 10,000 (USD 91 million) per 1 April 2012. Up slightly from the same period in 2011. While two years ago, the price per carat of U.S. $ 8,000 new.
source: detik.com
please give me comments thanks
Sure you can. Individual or couple can buy a diamond in the retail market. However, there is a new movement that wants to make diamonds can be bought for gold as an investment.
The Securities and Exchange Commission is reviewing proposals of Exchanged-traded fund (ETF) based on the first diamond ever, as reported by CNBC (04/18/2012).
By Tom Lydon, president of Global Trends Investments and ETF Trends editor, there will be demand for diamonds ETF but the problem is pricing. "ETF Provider diamond industry have forced the standardization of prices. While the diamond industry diamond prices like the facts are not always clear and certainly because of where they got the money, "said Lydon.
"Gold is liquid. He traded on futures exchanges. But when you buy a diamond, the story is different. Diamonds are not created alike.Lots of shapes, sizes and quality, "said Lydon.
An article in the New York Times describes how the diamond ETF:
ETF will buy a one carat diamond and put it in a vault in Antwerp, Belgium. They provide a daily index value is yet to be named at this time. ETF firm backed by the United States - IndexIQ already brought 14 other ETFs to the market five years ago.
Citi analyst Oliver Chen who studied the diamond industry warned to be careful with a diamond ETF. "The percentage of end-user customers diamonds up to 98%, while gold is only 50%. So, it will probably happen a lot of turmoil in the supply and demand. "
Chen estimates that diamond prices will rise 6% per year over the next decade. Data from the Rapaport Diamond Trading Network noted, the average price per carat (of 25 top quality diamonds intact) reached nearly U.S. $ 10,000 (USD 91 million) per 1 April 2012. Up slightly from the same period in 2011. While two years ago, the price per carat of U.S. $ 8,000 new.
source: detik.com
please give me comments thanks
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