The International Institute of Diamond Grading & Research (IIDGR), part of the De Beers Group, has announced it will provide diamond verification services to Singapore Diamond Mint’s (SDM) new investment-grade diamond product, Diamond Bullion.
The De Beers Group confirmed the diamond bullion is a credit card-sized package of investment-grade polished diamonds contained in a tamper-resistant sintered zirconia case and listed on the Singapore Diamond Investment Exchange (SDiX).
According to the De Beers Group, 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.
According to the diamond company, once inscribed, the diamonds will be 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.
“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,” said Jonathan Kendall, President, IIDGR.
Alain Vandenborre, Founder and Executive Chairman of SDiX, and Director of SDM added, “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.”