Rapaport Group Plans $100 Million-Plus Diamond Fund as Gem Prices Climb

Bloomberg reports Rapaport Group will start a fund for investors looking to bet on diamonds in India and China.

The market news is qutoed as syaing,

The Rapaport Diamond Fund, which will buy and hold polished diamonds, will start up in the first half of next year, Chairman Martin Rapaport said yesterday in a telephone interview from company offices in Ramat Gan, Israel. The fund will initially only be open to institutional investors and begin with more than $10 million before increasing in size to more than $100 million, Rapaport said, declining to provide further details.

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