LUXUSOwning fractional shares of diamonds can be an appealing alternative investment option for the mainstream investor. First, unlike cryptocurrency and NFTs - which SEC Chairman Gary Gensler has described as the “Wild West” and “lacking proper regulatory compliance” - investing in securitized gems is highly regulated.
And finally … bragging rights! “I want people to be able to say, ‘I own this Tutti Frutti by Cartier from the 1930s or I own this pink diamond from the Argyle Diamond Mine,’” Auslander said. Interestingly, the Argyle Diamond Mine is closed and there will be no more pink diamonds mined from the earth- ever again. Scarcity like this makes owning rare gems, even fractional shares, that much more valuable and desirable....
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