Gem

CNBC reported there is a move to create a diamond back exchange traded fund which will allow investors to purchase diamonds like gold as an investment, not just jewelry.

CNBC reported there is a move to create a diamond back exchange traded fund which will allow investors to purchase diamonds like gold as an investment, not just jewelry.

As quoted in the market news:

…investors and couples alike can buy diamonds on the retail market, but there’s a movement to create a way for individual investors to buy diamonds like gold.

The Securities and Exchange Commission is looking over a proposal for the first-ever diamond-backed exchange-traded fund.

Click here to read the full CNBC report.

 

MARKETS

Markets
TSX19456.71+202.15
TSXV635.41+15.65
DOW32529.63+332.04
S&P 5004072.43+48.82
NASD12162.59+130.17
ASX6889.70+66.50

COMMODITIES

Commodities
Gold1758.05+3.31
Silver19.96+0.02
Copper3.51+0.04
Palladium2099.22+23.21
Platinum893.25+4.24
Oil98.59+2.17
Heating Oil3.63+0.02
Natural Gas8.19+0.06

DOWNLOAD FREE REPORTS

×