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GemShares Patents Opens Up Possibility of Diamond ETFs (WSJ)

The company is patenting an index that would allow diamonds to become tradable assets.

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Diamonds may soon become exchange-traded funds, according to the Wall Street Journal. GemShares, a financial company, is patenting its index for turning the commodity, which are difficult to price in a standard manner, into a tradable asset. Rich investors have 5% of their assets in diamonds, according to a survey by Barclays Wealth. 

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