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Diamond

Whitley Neill hides diamonds in bottles

3 min read
Halewood Artisanal Spirits-owned Whitley Neill Gin has hidden £25,000 (US$31,981) worth of diamonds in its bottles to provide the nation with ‘heirlooms to pass on’. The diamonds are hidden in bottles of Whitley Neill’s Distillers Cut London Dry Gin Whitley Neill Gin says that it is hoping to ‘reignite’ the tradition of passing down heirlooms, after research revealed nearly half (43%) of UK adults don’t plan to leave one to family or friends. To celebrate eight generations of its own distilling heritage, Whitley Neill is giving away £25,000 worth of diamonds within bottles of its Distiller’s Cut London Dry Gin.…
Categories
Diamond

US firm aims to cut investors in on the $1.2tn diamond market

4 min read
A New York-based technology company is trying to succeed where several firms have failed and make the $1.2tn global market for diamonds more accessible to financial investors, through the creation of a futures contract and a fund tracking the price of the gems. Diamond Standard is trying to establish the equivalent of the gold bar for the precious stone market, which is dominated by jewelery houses and which, unlike gold, is not commoditized. It plans to launch a futures contract for diamonds on the Minneapolis Grain Exchange (MGEX) by the end of the year, chief executive Cormac Kinney told the…