In 2008 Diapason Commodities Management listed an investment company called Diamond Circle Capital, which aims to invest in rare colored and colorless diamonds worth more than $1m each. As of July 2008 the IPO for the closed-end fund was postponed until further notice. [2]
[edit] Mining companies
See also: Category:Diamond mining companies
These do not represent diamonds at all, but rather are shares in companies that mine diamonds. The largest diamond company in the world is De Beers, which is jointly owned by Anglo American (45%), the Oppenheimer family (40%) and the Botswana government (15%).
The Argyle mine in Australia (owned by the Rio Tinto Group) is the largest single producer of diamonds in the world.
[edit] Taxation
Diamonds are subject to value added tax in the EU, and sales tax in most developed countries. Other taxes such as capital gains tax may apply for individuals depending on citizenship and if the asset is sold at increased value. Rough diamonds are also subject to taxation and in the near future all rough diamond mined in South Africa will be subject to a 7% royalty.
No comments:
Post a Comment