Diamonds Lure Insurance Investor Cowdery as Gems Beat Gold

Bloomberg reports that Clive Cowdery is investing in diamonds after they earned five times more than gold this year.

The market news is quoted as saying,

Cowdery, 48, is among startup investors in Diamond Capital Ltd.’s $20 million fund that will manage a portfolio of the polished gems valued at as much as $400,000 apiece. Rajeev Misra, UBS AG’s securities business joint head, is also backing the London-based project, Diamond Capital said.

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