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Diamonds As An Investment
Diamonds were largely inaccessible to investors until the recent advent of regulated commodities, due to a lack of price discovery and transparency. The characteristics of individual diamonds, especially the carat weight, color and clarity, have significant impact on values, but transactions were always private. With the standardized commodity as an underlying asset, several market traded financial instruments have been announced. Diamond Standard Commodities Diamond Standard is the producer of an exchange traded, regulated diamond commodity. Equivalent to a standard gold bar for the diamond market, the diamond coin and bar enable investors to access an estimated $1.2 trillion asset class for the first time. Futures contracts are in development by CFTC-licensees, and an investment trust launched in 2022. The commodity makes diamonds accessible to fund managers because the commodity is marked-to-market daily. The coin and bar are physical, and each contains a standardized set ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearing House (finance)
A clearing house is a financial institution formed to facilitate the exchange (i.e., '' clearance'') of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement obligations. Description After the legally binding agreement (i.e., ''execution'') of a trade between a buyer and a seller, the role of the clearing house is to centralize and standardize all of the steps leading up to the payment (i.e. '' settlement'') of the transaction. The purpose is to reduce the cost, settlement risk and operational risk of clearing and settling multiple transactions among multiple parties. In addition to the above services, central counterparty clearing (CCP) takes on counterparty risk by stepping in between the original buyer and seller of a financial contract, such as a derivative. The role of the CCP is to perfo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million ( US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
De Beers
De Beers Group is an international corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, large-scale alluvial and coastal mining. It operates in 35 countries and mining takes place in Botswana, Namibia, South Africa, Canada and Australia. From its inception in 1888 until the start of the 21st century, De Beers controlled 80% to 85% of rough diamond distribution and was considered a monopoly. Competition has since dismantled the complete monopoly; the De Beers Group now sells approximately 29.5% of the world's rough diamond production by value through its global sightholder and auction sales businesses. The company was founded in 1888 by British businessman Cecil Rhodes, who was financed by the South African diamond magnate Alfred Beit and the London-based N M Rothschild & Sons bank. In 1926, Ernest Oppenheimer, a German immigrant to Britain and la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Statesman (India)
''The Statesman'' is an Indian English-language broadsheet daily newspaper founded in 1875 and published simultaneously in Kolkata, New Delhi, Siliguri and Bhubaneswar. It incorporates and is directly descended from ''The Friend of India'', founded in 1818. It is owned by The Statesman Ltd and headquartered at Statesman House, Chowringhee Square, Kolkata, with its national editorial office at Statesman House, Connaught Place, New Delhi. It is a member of the Asia News Network. ''The Statesman'' has an average weekday circulation of approximately 148,000, and the ''Sunday Statesman'' has a circulation of 230,000. This ranks it as one of the leading English newspapers in West Bengal, India. History ''The Statesman'' is a direct descendant of two newspapers, the Bombay (now Mumbai) based ''Indian Statesman'' and ''The Friend of India'' published in Calcutta (now Kolkata). ''Indian Statesman'' was started by Robert Knight, who was previously the principal founder and editor of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kundan
Kundan, meaning pure gold, is a traditional form of Indian gemstone jewellery involving a gem set with a gold foil between the stones and its mount, usually for elaborate necklaces and other jewellery. History Origins of Kundan jewelleries in India are dated back to at least 3rd century BCE. Kundan started off in Rajasthan Royal court and then flourished under royal patronage during the Mughal era. Over the years, the Kundan jewellery of the courts was successfully copied in silver in Rajasthan, Bihar and the Punjab and became popular with the common man. The method is believed to have originated in the royal courts of Rajasthan and Gujarat. It is one of the older forms of jewellery made and worn in India. The city of Jaipur in Rajasthan has traditionally been the centre for Kundan in India. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sarpech (turban Ornament), India, Possibly Rajasthan, Mughal Period, 18th Century, Gold, Diamonds, Rubies, Emeralds, Enamel - Royal Ontario Museum - DSC04551
The sarpech ( ur, سرپیچ/ hi, सरपेच, from Persian), also known as an aigrette, is a turban ornament that was worn by significant Hindu, Sikh and Muslim princes. ''Sar'' means "head" or "front" and ''pech'' means "screw", giving the word ''"sarpech"'' the literal meaning "that which is screwed onto the front (of the turban)". The ''sarpech'' was also worn in Persia, where it was known as ''jikka'' or ''jiqa'' ( fa, جقه), meaning "crest" or "tuft", and in Turkey, where it was known as the ''sorguch'', a name considered a corrupt form of the Persian word . In India, dominantly two kinds of turban ornaments exist: the ''sarpech'' and the Kalgi (ornament). Origin and etymology In India, various types of Sarpech are found depending on their time of production. Those produced in the 16th and 17th centuries resembled a plume and were worn on the right side of the turban. Their material depended on the occasion. The original 16th-century Sarpech was a single unit; t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argyle Diamond Mine
The Argyle Diamond Mine was a diamond mine located in the East Kimberley region in the remote north of Western Australia. Argyle was at times the largest diamond producer in the world by volume (14 million carats in 2018), although the proportion of gem-quality diamonds was low. It was the only known significant source of pink and red diamonds (producing over 90% of the world's supply), and additionally provided a large proportion of other naturally coloured diamonds, including champagne, cognac and rare blue diamonds. Mining operations ceased in November 2020, after 37 years of operations and producing more than 865 million carats of rough diamonds. Mine operator Rio Tinto planning to decommission the mine and rehabilitate the site at least through 2025. The Argyle diamond mine is also notable for being the first successful commercial diamond mine exploiting a volcanic pipe of lamproite, rather than the more usual kimberlite pipe; much earlier attempts to mine diamonds from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Of Saud
The House of Saud ( ar, آل سُعُود, ʾĀl Suʿūd ) is the ruling royal family of Saudi Arabia. It is composed of the descendants of Muhammad bin Saud, founder of the Emirate of Diriyah, known as the First Saudi state (1727–1818), and his brothers, though the ruling faction of the family is primarily led by the descendants of Abdulaziz bin Abdul Rahman, the modern founder of Saudi Arabia. The most influential position of the royal family is the King of Saudi Arabia, an absolute monarch. The family in total is estimated to comprise some 15,000 members; however, the majority of power, influence and wealth is possessed by a group of about 2,000 of them. Some estimates of the royal family's wealth measure their net worth at $1.4 trillion. This figure includes the market capitalization of Saudi Aramco, the state oil and gas company, and its vast assets in fossil fuel reserves. The House of Saud has had three phases: the Emirate of Diriyah, the First Saudi State (1727 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CIBJO
CIBJO, the World Jewellery Confederation, (in French Confédération Internationale de la Bijouterie, Joaillerie, Orfèvrerie des Diamants, Perles et Pierres) (CIBJO), has its headquarters in Bern, Switzerland. It represents the interests of all involved in jewellery, gemstones and precious metals, from mine to marketplace. History Founded in Paris in 1926 as BIBOA to represent the interests of the European jewellery trade, it was restructured in 1961 as CIBJO with a worldwide focus. Representing individuals and companies across the diamond, gemstone, jewelry and precious metal sectors, its membership spans over 40 countries. In 2006, CIBJO received consultative status with the Economic and Social Council (ECOSOC) of the United Nations. Article 71 of the UN Charter, which allows for CIBJO to consult with ECOSOC, governments, and the UN Secretariat on behalf of matters concerning the gem and jewelry trade. CIBJO serves to protect the trust of consumers relying on the jewelry indust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rapaport Diamond Report
The Rapaport Price List, informally known as the Rap List or Rap Sheet, is the diamond industry standard for the pricing of diamonds. History The first Rapaport Price List was produced by Martin Rapaport, the Rapaport Diamonds Group founder, in 1978. How it works The report is updated every week on Thursday, at 11:59pm EST. The Rapaport Price List is copyrighted and available only to subscribers. Jewelers and diamond merchants use it to set prices for consumers. Consumers should therefore use the report with caution. These prices are used as the basis for standardization and negotiation of diamond prices around the world. Many of the agreed upon prices in diamond trade are come to from discounts based on the Rapaport Price List. What is the report based on? The report is issued in the form of a table and prices diamonds based on their size, color and clarity. The report provides prices for individual diamonds and not diamonds sold in bulk. How to read the report Each price list ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
