Brought to you by: Monaco Life
The Monaco Diamond Exchange (MDE) was incorporated in Monaco last October. As a non-profit association its aim is to “support investors as well as consumers in their diamonds transactions by educating, informing and advising members”.
Monaco Life speaks to Antonio Cecere, principal of Cecere Monaco and MDE Founder and Vice-President, about the principles that govern fair trade in the diamond industry and the impact of lab grown diamonds and colour treated diamonds on the trade.
ML: Why do diamonds play such a predominant role in alternative investments?
AC: Diamonds were always crucial to diversify a well-balanced investment portfolio. Their ability to retain, pass on and relocate wealth has traditionally defined them as the alternative investment of choice, while favourable taxation and the ability to hedge against inflation rendered these untraceable assets extremely attractive to investors. The projected widening gap between supply and demand and the recent instability of the financial markets acted as catalysers and caused further appeal to this class from investors with a mid- to long-term view.
SIGN IN TO YOUR PREMIUM ACCOUNT TO READ MORE
(click Sign In at the top of the page)
The National Council is now accepting applications for its Study Grants programme from now until 15th September.
Edward Sylvan, co-founder of Sycamore Entertainment Group, is the new president of The Monaco International Film Festival, paving the way for the local festival to leap to the next level.
Time to pull out the glamorous face masks, St-Tropez is the latest French town to require them in all public places.
The 2021 Tour de France will start in Brittany after Copenhagen’s staging of the ‘Grand Depart’ was pushed back by a year due to a potential clash with football's postponed European Championship, race organisers said on Monday.
On Wednesday, March 28, Colonel Beltrame was given a state funeral at which President Macron expressed the “gratitude, admiration and affection of the whole country.” In his speech, the President, who was delivering his first state funeral homage since his election in May 2017, referred to others who had died for their country, including Joan of Arc and members of the French resistance.