SDX to Offer Diamond Portfolios to HNW Investors

(IDEX Online News) – Knowing that more investors are looking for alternative venues to store their wealth, Singapore Diamond Exchange (SDX) is offering diamond portfolios starting at $250,000, going up to over $1 million.

Investors will have a choice of portfolios to choose from, each representing a different combination of goods and expected appreciation.

SDX is the brainchild of Alain Vandenborre, a serial entrepreneur and co-founder of The Singapore FreePort, a high-level security facility that specializes in special storage for works of art, rare wines and precious metals, for example.

"SDX is B2I – Business to Investors, a private exchange for private investors," said Vandenborre. It is targeting high net worth individuals seeking to add a wealth preservation component to their investment strategy

SDX will use the IDEX Online spot market Guaranteed Diamond Transactions to buy and sell the goods, giving investors full price disclosure and net asset valuation.

Managed by industry veteran Shlomo Tidhar and advised by legendry investor Jim Rogers, Antwerp Diamond Bank Group President Pierre De Bosscher as well as diamond industry leaders Dilip Mehta of Rosy Blue and former president of Alrosa Sergey Vybornov, SDX aims to combine the best of all worlds – diamonds, long-term investment strategies and high-level security.

At the heart of SDX's operation is the expectation that the price of diamonds from one-carat whites to high-end fancies, are set to increase steadily.

Launch date is set to July 25.