Diamond dealers sparkle online
Fancy getting your hands on some diamonds? An organisation claiming to be the world’s first online electronic diamond exchange has been launched. Dealers Organisation for Diamond Automated Quotes (DODAQ) offers two-way auctions for individual categories of polished diamonds. DODAQ is open to those in and outside the industry, offering diamonds as an asset class and an alternative investment to gold. Client funds are held by ABN AMRO Bank and Antwerp-based DODAQ offers instantaneous settlement, steering the industry away from the current reliance on credit. DODAQ is holding seminars to help people understand the trading process.