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Rapaport to introduce diamond-futures proposal

June 20, 2007

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Antwerp, Belgium—The industry has traditionally shied away from viewing diamonds as investment tools, but a presentation from Rapaport Group Chairman Martin Rapaport will highlight how diamond stakeholders, particularly small to medium-size companies, could benefit from diamond futures.

In his "State of the Diamond Industry" address on June 27, Rapaport will discuss diamond price transparency, market liquidity, risk management and speculation.

The speech will also touch on the impact of African beneficiation, diamond distribution, the globalization of diamond demand, currency volatility, synthetic and treated diamonds, and a forecast of diamond prices.

The lecture will be held at the Bourse Voor Diamanthandel in Antwerp at 4:30 p.m. It is open to the diamond trade and the general media. Those who are not members of the Belgium Diamond Bourses must RSVP to blanche@diamonds.net or call 32-3-232-3300 with their name and information.

Rapaport—a longtime proponent of diamonds as a financial or investment tool—isn't the only industry player discussing this option. A session on diamond derivatives will be held at the Antwerp World Diamond Centre headquarters on June 28. In addition, the Financial Times reported on Monday that a company called Diapason Commodities Management is hoping to raise $400 million for the first listed fund to invest in diamonds for large polished goods worth more than $1 million. Diamond Circle Capital, an Isle of Man closed-end fund, will reportedly start trading on the main London market on July 10.
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