Frankfurt (19 January 2021) – Today, MV Index Solutions GmbH (MVIS®) in collaboration with Diamond Data Derivatives Ltd., announced the launch of the Universal Standard Diamonds Evaluation 100 Index (ticker: USDE).
Owned and originally developed by DDD, the Universal Standard Diamonds Evaluation 100 Index (ticker: USDE) has been designed to capture the global market of cut andpolished wholesale diamonds based on sales volume (measured by amount ofdiamonds) of the top 100 tradeddiamonds. The index is composed exclusively oflab graded diamonds.
“We are proud to partner with DDD to launch the first-ever real-timeprice index for physical investment-grade diamonds,” stated Steven A.Schoenfeld, CEO of MV Index Solutions. ”For decades, the global diamondindustry has sought an investable index suitable to serve as the benchmark forinvestment products, and we believe that the USDE100 will fulfil the demand,”he continued. While the index will in the first phase only be available asunderlying for products domiciled outside the EU, it is planned to enhance thegeographical range to include the EU going forward.
“We have great confidence that together with our partners, we arelaying the foundations for commoditization and reliable market analysis of thewholesale diamond market, on an unprecedented scale,” commented Amir Elizur,CEO of Diamond Data Derivatives Ltd. “And we are eagerly looking forward tosupporting a variety of investable products and initiatives,” he concluded.
The Universal Standard Diamonds Evaluation 100 Index (ticker: USDE) is calculated in USD. At eachreview, all diamond categories in the index universe are selected by their12-month sales volume.
Detailedinformation about the indices, including methodology details and index data areavailable on the MV Index Solutions website.
press release
English
Get the latest news & insights from MarketVector
Get the newsletterRelated:
