The developer of the world’s first standard diamond-investment product is launching a $50 million investment trust to make trading the precious stones more accessible to professional investors, the company said.
Diamond Standard Co., a startup working to enable investors to hold diamonds in their portfolios, plans to create the Diamond Standard Trust in January. The investment firm Horizon Kinetics LLC is co-sponsoring the Diamond Standard Trust and will offer it to clients and other professional investors. Horizon has also invested in Diamond Standard.
