Niche Investment Strategy
Gemstones & Precious Metals
The market conditions — and thus the overall development of the coloured gemstone market — are to be regarded as highly positive. Growth is primarily driven by factors such as rising disposable incomes and increasing demand for luxury and bespoke jewellery.
A key contributing factor is the ongoing shift in jewellery design. Coloured gemstones are gaining significant importance compared to traditional diamonds, particularly in the segment of customised and individual jewellery.
According to recent reports, the global market for coloured gemstones was estimated at approximately USD 30.1 billion in 2024.
Conservative forecasts project growth to around USD 45.7 billion by 2035.
The demand for rare colours and origins is steadily increasing (e.g. high-quality rubies and sapphires). Regional growth drivers such as the Asia-Pacific region, particularly China and India, offer significant potential due to the expanding luxury segment and rising demand for jewellery.
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The investment strategy consists of sourcing rough gemstones from the inventory of a large and established industrial mining group, with an approximate total value of USD 5 billion (based on the rough gemstone valuation). These gemstones are processed in tranches of up to USD 400 million, refined through the polishing process, and subsequently sold on the market upon completion.
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The strategy covers the entire value chain — from mining to the sale of polished gemstones — thereby creating substantial value through the refinement of rough stones and realizing it through their sale.
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The investment approach aligns the interests of mining partners and investors, addressing key financial challenges faced by gemstone mines, such as limited working capital for processing and dependence on intermediaries.
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All investments are asset-backed, secured by the gemstones themselves.
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There is no correlation with traditional asset classes — the value creation process is independent of broader market developments.
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Investors benefit from portfolio diversification and exposure to alternative investments.
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The investment has a short duration of two years, with values realized within 24 months and an expected value multiple of 3x (before costs).
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Structured under a regulated Luxembourg vehicle, listed on the Frankfurt and Luxembourg Stock Exchanges.
Investment Strategy
Niche Investment Strategies
Gemstones & Precious Metals
Coloured gemstones have been regarded for centuries as a fascinating asset class, admired for their enduring beauty, inherent exclusivity, and exceptional value stability.
While polished coloured gemstones shine as valuable assets, the ultimate appreciation in value arises from the transformation of rough stones into polished gems.
From mine to market – the entire value chain is covered, from extraction to the sale of polished gemstones, thereby capturing the full value creation potential.
The gemstones originate from registered and government-controlled mines in Brazil. These mines comply with all current regulations set by the Brazilian National Mining Agency (ANM), particularly with respect to ESG and AML guidelines.
