A new exchange offering diamonds as an asset class has to contend with several hurdles, including lack of transparency in the global diamond market, as it seeks to gain volumes.
» The company, Singapore Diamond Investment Exchange Pte. Ltd., or SDiX, is about 20% owned by a unit of Singapore’s state-investment fund Temasek Holdings Pte. Ltd., and is looking to fill what it says is a hole in the publicly traded market. Diamonds are overwhelmingly traded around the world only as a retail product in a market that operates largely behind closed doors. »