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Qatar: Super-Rich Putting $1 Million Minimums into Fancy Color Diamond Fund

Investors “rushing to put their money into rare and extremely valuable fancy color diamonds”
fancy color pink diamonds
Credit: FCRF

The Amma Group, dubbed as an “alternative investment fund for coloured diamond & precious stones”, is saying that wealthy investors in Qatar “are rushing to put their money into rare and extremely valuable fancy color diamonds” with a minimum investment of $1 million, according to IDEX Online.

 

Founded in 2008 by jewelry veterans Mahyar Makhzani and Philip Baldwin, Amma “is seeking $100m of investment for its fifth fund, Colour Fund V.” According to a Gulf Times report quoted by IDEX Online, “the asset management group has more than a dozen investors from Qatar, and interest in its fifth fund has been ‘immensely positive’”.

 

Amma offers a three-year exit route for investors. It says it “provides investors direct ‘pure play’ exposure to actual coloured diamonds, rubies and sapphires, without the corporate or operating risk associated with owning a mining company or a large mining conglomerate with limited diamond, ruby or sapphire exposure.”

 

fancy color diamonds
Credit: FCRF


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