De Beers Looks to Start-ups for Innovation and Growth in Diamonds

De Beers no longer has the absolute monopoly it once enjoyed, but is still a large-scale, dominant player in the diamond industry. In the past week, the behemoth announced that they need to look outside of themselves and other traditional players in the diamond market for opportunities for growth and innovation. They created De Beers Ventures to actively consider the acquisition of minority equity stakes in start-ups and growth companies. Continue reading “De Beers Looks to Start-ups for Innovation and Growth in Diamonds”

Soybeans, Pork Bellies, and Diamonds: the Power of Financialization

For as long as most of us remember, commodities as diverse as crude oil, gold and soybeans have been traded as financial assets. Forty-seven commodities, including frozen concentrated orange juice and recycled steel, currently trade on 12 global exchanges. While trading these materials dates to the dawn of civilization, the financialization of commodities, enabling their trade as financial products, is a recent development.

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The Transformation of Diamonds

Until the early nineties, the global diamond business was a closely knit, hierarchical pipeline, where all participants knew their place as the precious pebbles moved from the mine to the market. Everyone understood that the industry’s oxygen was controlled by a single, all mighty entity, which used its undisputed power with meticulous care and determination. A kind of La Familia.

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Precious Metals Dealer Releases Breakthrough Diamond Investment Option in U.S., Offering Financialized Diamonds Worth Up to $250,000

New York, NY, USA – December 20, 2016 – Money Metals Exchange, a leading U.S. precious metals dealer, has begun offering VULT diamond investment units to its investor community.

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The War on Cash Continues

The enemies of cash are at it again…and again…and again. Around the globe the government solution to every crisis (made up or real) seems to devolve towards removing the ability of normal citizens to take their money and either leave or use it in a way not deemed “proper” by the powers that be. As we reported earlier, the only truly diversified portfolio is a portable one; this is why:

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