Like Gold’s Rise? Diamonds Shine Brighter

The Globe and Mail reports that diamond outperformed gold over the past year as demand in India and China increased.

The market news is quoted as saying,

To help investors bet on future increases, there will soon be three new funds that hold a portfolio of precious stones. Harry Winston Diamond Corp. is setting up a $250-million diamond fund for institutional investors. Two London-based funds, Diamond Capital Ltd. and Fusion Alternatives, also plan to offer polished-gem portfolios this year, Bloomberg says.

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