Diamond

I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market. This Thursday, I focused on the PureFunds ISE Diamond/Gemstone ETF (NYSEArca: GEMS). GEMS is the only ETF to target the precious gems and diamonds industry. Click […]

The government shutdown and near default miss seems all but forgotten as U.S. stocks and equity-based exchange traded funds pushed toward a new all-time high at the end of the month. The Dow Jones Industrial Average gained 3.4% over October. Meanwhile, the Nasdaq Composite rose 4.2% and the S&P 500 increased 5.0%. Both the S&P […]

Despite the weakness in the commodities space, diamonds are shining, supported by the rising middle class in the emerging markets. While there is no physically backed diamond fund, investors can still gain exposure to the asset through a miners exchange traded fund. The PureFunds ISE Diamond/Gemstone ETF (NYSEArca: GEMS) gained 13.3% over the past month […]

The market is breathing new life into miner stocks, and with exchange traded funds, investors can take a different approach to the mining sector. Precious metals miner ETFs have been among the worst performing funds year-to-date; however, the recent turn around in precious metals has fueled a huge surge in miner stocks, especially for small-cap […]

Near the end of 2012 PureFunds launched GEMS (ISE Diamond/Gemstone ETF, Expense Ratio 0.69%) which is the first entrant in the ETP space that offers exposure to “invest in the full life cycle of the gemstone industry” according to fund marketing literature. Thus, the fund invests in companies that are involved in the life cycle […]

The U.S. exchange traded fund universe has more than 1,400 products available and the number is still growing, with proposed SEC filings ranging from run-of-the-mill beta indexing funds to specialized, niche offerings. Eric Balchunas for Bloomberg points out that there are 982 ETFs waiting for the Securities and Exchange Commission to approve. While the majority […]

Stoking hopes of a potential diamond exchange traded fund, GemShares has filed with the Securities and Exchange Commission to bring to market a physically backed diamond fund. According to an SEC filing, the GemShares Physical Diamond Trust will try to reflect the performance of the wholesale price of GemShares GIGS Diamond Baskets. The Trust would […]

The market for precious gems has weakened over 2012 but they are beginning to stabilize in recent weeks, reflecting the improvements in the global economy. While exchange traded fund investors can’t directly invest in a precious gems through ETFs, there is a relatively new diamonds and gemstone miners ETF to watch. The PureFunds ISE Diamond/Gemstone […]

FactorShares, which was acquired by GenCap Ventures in July, helped launch the PureFunds suite of mining exchange traded funds recently, including the first fund to focus on diamond producers and another on small-cap silver miners. According to the prospectus filing, the PureFunds suite will include three miner ETFs. The PureFunds ISE Diamond/Gemstone ETF (NYSEArca: GEMS) […]

As exchange traded fund providers ramp up efforts to market the first physically backed diamond fund, some advisors believe the commodity’s unique characteristics will create pricing inefficiencies. Portfolio managers contend that diamonds will be more difficult to package and price into the ETF structure, compared to other types of successful products based on precious metals, […]

Diamonds are widely used as decorative jewelry, but now, the exchange traded fund industry seeks to commoditize diamonds and allow more people to efficiently price the precious gems and invest in them. Considering the rising popularity of commodity ETFs, like the SPDR Gold Trust (NYSEArca: GLD), which has $68.9 billion in assets under management, fund […]

Diamonds have long been a store of wealth but traders have not had the chance to optimally invest in the gem. However, a diamond-backed exchange traded fund is one step further in the making as a financial firm seeks to commoditize diamonds. According to a U.S. patent office filing, GemShares is trying to create a […]