
© The Singapore Diamond Mint Company
Singapore Diamond Investment Exchange (SDiX) plans to start a new standardized form of precious stones as an alternative to gold bullion for those looking for a safe harbor to stash cash.
Diamonds are the world's most concentrated form of wealth, according to industry experts. However, they have been hard to buy and sell as an investment due to the wide variability in the gems' cut, clarity, color, and carat.The exchange has solved the problem, expecting diamonds to become "the new gold," according to Alain Vandenborre, chairman and founder of SDiX.
"Until now, there was no way people could invest in diamonds in the form which is equivalent to investing in gold. A diamond has absolutely zero correlation with any other asset class, whether it's commodities, bonds, equities. It's a store of wealth, it's a hedge against volatility, and you need that in your portfolio," he said.
Comment: As the human species spirals down in moral depravity, all one can say is BRING ON THE COMETS!