IIDGR to provide proprietary diamond verification and inscription technology for Singapore Diamond Mint's new investment product
The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, today announced it will provide diamond verification services to Singapore Diamond Mint Company’s (SDM) new investment-grade diamond product, Diamond BullionTM, listed on the Singapore Diamond Investment Exchange (SDiX).
IIDGR will use its proprietary diamond inscription technology to inscribe a unique identification number on the tables of each diamond used in the Diamond Bullion, which will confirm the natural origin of each diamond sealed in the bullion.
Once inscribed, the diamonds are transferred into the bullion by SDM and verified by IIDGR via a Master Report that confirms the bullion meets with SDiX’s product specifications, prior to it being traded on the SDiX.
Jonathan Kendall, President, IIDGR, said: “Thanks to our range of industry-leading technologies, IIDGR is rapidly becoming the byword for confidence and assurance in the international diamond sector, and we’re delighted to be providing our diamond verification and proprietary inscription services for this exciting new initiative.”
Alain Vandenborre, Founder and Executive Chairman of SDiX, and Director of SDM, said: “The unique inscription that IIDGR places on every diamond inside the Diamond Bullion allows all of the diamonds to be tracked and verified, providing investors with the highest level of confidence in this revolutionary new diamond investment product. IIDGR’s industry-leading technology, backed by De Beers Group’s 120-year diamond history and expertise, makes it the ideal partner to SDM and SDiX.”
The Diamond Bullion is a world-first investment product traded on the SDiX. It is a credit card-sized package of investment-grade polished diamonds contained in a tamper-resistant sintered zirconia case.
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About the Singapore Diamond Mint Company
Established in 2017, the Singapore Diamond Mint Company (SDM) is the producer of the Diamond Bullion™, a credit card-sized package of investment-grade polished diamonds that is highly portable, liquid and fungible. The Diamond Bullion is an investment product available in two case colours of Silver and Gold of standard denominations of approximate values of US$100,000 and US$200,000 respectively, which global accredited and expert investors can trade on the Singapore Diamond Investment Exchange (SDiX). For more information, visit www.diamondmint.com.
About the International Institute of Diamond Grading & Research (a member of De Beers Group)
The International Institute of Diamond Grading & Research has been established by De Beers Group to provide a premium service and proprietary equipment to the diamond industry. Based in the UK, Belgium and India, and run by the world’s top diamond experts, the International Institute of Diamond Grading & Research offers a range of expert services. The International Institute of Diamond Grading & Research works only on diamonds that meet the requirements of the United Nations’ mandated World Diamond Council Kimberley Process. For more information, visit www.iidgr.com.
About De Beers Group
De Beers Group is a member of the Anglo American plc group. Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company’s operating philosophy, the people of De Beers Group are committed to ‘Building Forever’ by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about De Beers Group, visit www.debeersgroup.com.
* Image courtesy of The Singapore Diamond Mint Company