LOS ANGELES--(BUSINESS WIRE)--Investment Diamond Exchange (IDX), a Los Angeles based firm that specializes in the facilitation of rough and polished diamond transactions, recently expanded its workforce in response to the increasing number of hedge funds and other financial institutions acquiring rough diamonds for investment purposes.
“The favorable supply and demand fundamentals for rough diamonds along with some structural changes that have increased the transparency and efficiency of the diamond industry are a few of the primary reasons why the investment community has embraced rough diamonds as an investment,” says Kristopher Schellhas, Managing Partner at Investment Diamond Exchange (IDX). According to Bain & Co., rough diamond prices have increased at a compounded annual rate of 13% since 2009, and prices are poised to continue their upward trajectory as a result of steadily increasing demand from emerging economies and a long term supply shortage. (Download Bain & Co. Annual Diamond Report)
Regardless of the favorable fundamentals behind this asset class, “investors must proceed with caution and utilize the services of an industry professional before proceeding forward with an investment of this nature,” says Chris Duffield, Managing Partner at Investment Diamond Exchange (IDX). “Navigating the rough diamond market is incredibly difficult for anyone new to this industry. Successfully executing a rough diamond transaction requires an in-depth understanding of the product and procedures as well as strong relationships throughout the diamond value chain,” Duffield continued.
Investment Diamond Exchange (IDX) is an internationally recognized exchange providing private and institutional investors with access to certified rough and polished diamonds by leveraging unmatched industry experience with an extensive global network of diamond miners, traders, and investors. For more information about investing in rough diamonds, please contact Kristopher Schellhas at 1.888.444.1849 or visit InvestmentDiamondExchange.com.
