Diamonds: The Newest Asset Class
A serial entrepreneur is working to transform one-of-a-kind gems into a tradable commodity
Diamonds may be forever, but only a few of the biggest, most precious examples have been taken seriously as an investment vehicle. The problem’s been that each one is unique—they aren’t a tradable, undifferentiated commodity like oil, gold, corn or pork bellies. Instead, they differ according to variables known as the 4Cs: cut, color, clarity and carat weight.
It’s why no one has been able to set a transparent price for diamonds—until now.
A former Twitter quantitative strategist-turned-diamond-maven has set out to turn the one-of-a-kind stones into a mass-market product and make them available to retail investors. Speaking by...
