Turnover of the Singapore Diamond Investment Exchange (Singapore Diamond Investment Exchange, SDiX) this year will reach 30 million Singapore dollars ($ 23.5 million), the Singapore Today newspaper reported. The Exchange plans to actively expand its client base in Asia.
Sales of SDiX in the segment of private transactions in 2013 (the first full year of the exchange) reached 22 million Singapore dollars.
Demand for diamonds is steadily growing and is currently shifting mainly to India and China, the executive chairman and founder of SDiX, Alain Vandenborre, told Today.
According to the company, the weight of diamonds traded on the stock exchange varies from 2 to 15 carats, and the price ranges from $ 80,000 to $ 3 million.
90% of the clients of the exchange are Europeans from Central Europe and Russia, who invest from 2% to 3% of their fortune in diamonds. In 2014, SDiX wants to increase the share of its Asian customers from 10% to 30%, focusing on investors from Hong Kong, China, Indonesia, Malaysia, the Philippines and Thailand.