In this IceCap Update, Jacques explains the current supply and demand forces in the diamond market, including the differences between synthetic and natural diamond prices. Last year, the fourth-largest diamond mine in the world, the Argyle Mine, closed operations after 37 years. Interestingly, the price of synthetic diamonds is falling while natural diamond prices are heading higher.
Unfortunately, many precious metals investors do not understand the diamond market. Diamonds, like precious metals, are very expensive to produce and cut. I will be putting out more data on the Diamond Industry as there are few Hard Assets worth investing in as the world heads over the Energy Cliff.
IceCap bypasses the retail market and allows the trading of “Investment Grade” Diamonds on the wholesale market.
What makes a diamond Investment Grade? Investment Grade Diamonds can attract Bids sight unseen by wholesalers. That’s what creates an efficient market, liquidity, and those are the diamonds investors should buy.
You can check out IceCap here: IceCap.Diamonds.
If you want to learn more about Diamond Investing, contact Tom Cloud at (912) 771-9353 or at the email address shown at the end of the video.
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