Swiss Asset Advisors (SAA), an independent asset management firm in US, has launched a new diamond investment fund, which buys the stones straight from the manufacturers.
According to Michael Blank, CEO of the group, there are a handful of diamond funds out there but they have been developed by jewelers and are top-down driven while we are bottom-up.
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‘Diamonds will become an alternative asset, the same as gold or platinum, in the future,’ says Blank.
With the launch of new diamond investment fund, Blank and his team get as close to the original mining source as possible and buy their diamonds directly from the polishers – the next stage in the value chain after the stones are mined.
The Luxembourg-domiciled fund invests in what is described as investment grade diamonds, colorless stones of one to five carats, which are the most popular and easily sold on the open market.
The DIF fund will buy the diamonds for long-term appreciation but it has no lock-up period and investors will have access to their capital at all times.
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By GlobalDataLike gold and other precious metals, diamonds are a hedge against inflation and a non-volatile alternative investment.
One interesting aspect of the fund is that investors can have their investment returned to them at any time, in either cash or diamonds.
