CNBC reported that investors — including JPMorgan Chase & Co. (NYSE:JPM) — are increasing their exposure to the diamond market, which, unlike other sectors, has been “relatively unscathed” by gold’s steep mid-April drop.
CNBC reported that investors — including JPMorgan Chase & Co. (NYSE:JPM) — are increasing their exposure to the diamond market, which, unlike other sectors, has been “relatively unscathed” by gold’s steep mid-April drop.
Neil Gregson, manager of JPMorgan’s Natural Resource fund, commented:
It is very hard to talk about benchmark price of diamonds, but on average rough stones prices fell by about 15 percent last year. So far this year– certainly a few months ago when we added they were trending up 5 percent or so. We have had less exposure to gold then we have had for eight or nine years. We reduced our gold equity holdings at the beginning of the year – before the sell-off in April, and were looking for areas to deploy that money and one of those areas was diamonds.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1774.96 | +1.14 | |
Silver | 19.90 | +0.01 | |
Copper | 3.55 | +0.07 | |
Palladium | 2124.59 | +12.40 | |
Platinum | 936.51 | +2.50 | |
Oil | 88.53 | -0.01 | |
Heating Oil | 3.20 | -0.13 | |
Natural Gas | 8.01 | -0.12 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Gem Investing Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.