Newmont sells Éléonore mine in Quebec for $795m
The miner said the deal and other 2024 sales will raise $3.6 billion.
Flawless Management’s CEO, Kashif Khan, wants Canadian investors to get acquainted with some unusual diamonds, including a $10 million flawless 7.5 carat blue diamond and other rare-coloured stones.
“Rare coloured diamonds have offered investors all of the benefits of more conventional hard assets like gold, but their price performance has been much stronger. Pink diamonds have increased in value almost 400% in the last ten years,” Khan said in a press release. He holds records for both the first and second most valuable diamonds sold at auction in the country.
The executive for the Toronto-based asset management firm decided to showcase the singular gems to celebrate the launching of a new mutual fund trust for Canadian diamond fund investors. The fund is the latest addition to Flawless’ portfolio of federally registered RRSP, TFSA, and RESP products.
2 Comments
Altaf
Investing hundreds of thousands of dollars in anything including diamonds is not for the ordinary people. Specially if it is fancy colored diamonds, it is more difficult. May be some wiseguy register a company and issue shares to normal public and the money collected is invested in diamonds. Based on the fortunes the company makes, the markets decide the share price and public can trade in the stocks. This way, the investment is more liquid.
Jarrod
https://www.linkedin.com/pulse/investors-beware-precious-investments-inc-its-bitgems-yaniv-marcus