Gem Prices Climb

Published on 05/08/11

Rapaport Group, which operates a diamond-pricing service, plans to start a fund that allows investors to bet on rising demand in China and India.
The Rapaport Diamond Fund, which will buy and hold polished diamonds, will start up in the first half of next year, Chairman Martin Rapaport said yesterday in a telephone interview from company offices in Ramat Gan, Israel. The fund will initially only be open to institutional investors and begin with more than $10 million before increasing in size to more than $100 million, Rapaport said, declining to provide further details.