Frankfurt (19 January 2021) – Today, MV Index Solutions GmbH (MVIS®) in collaboration with Diamond Data Derivatives Ltd., announced the launch of the Universal Standard Diamonds Evaluation 100 Index (ticker: USDE).
Owned and originally developed by DDD, the Universal Standard Diamonds Evaluation 100 Index (ticker: USDE) has been designed to capture the global market of cut and polished wholesale diamonds based on sales volume (measured by amount of diamonds) of the top 100 traded diamonds. The index is composed exclusively of lab graded diamonds.
“We are proud to partner with DDD to launch the first-ever real-time price index for physical investment-grade diamonds,” stated Steven A. Schoenfeld, CEO of MV Index Solutions. ”For decades, the global diamond industry has sought an investable index suitable to serve as the benchmark for investment products, and we believe that the USDE100 will fulfil the demand,” he continued. While the index will in the first phase only be available as underlying for products domiciled outside the EU, it is planned to enhance the geographical range to include the EU going forward.
“We have great confidence that together with our partners, we are laying the foundations for commoditization and reliable market analysis of the wholesale diamond market, on an unprecedented scale,” commented Amir Elizur, CEO of Diamond Data Derivatives Ltd. “And we are eagerly looking forward to supporting a variety of investable products and initiatives,” he concluded.
The Universal Standard Diamonds Evaluation 100 Index (ticker: USDE) is calculated in USD. At each review, all diamond categories in the index universe are selected by their 12-month sales volume.
Detailed information about the indices, including methodology details and index data are available on the MV Index Solutions website.