ap7am logo
Logo Bar bseindia nse-india msn yahoo youtube facebook google thehindu bbc ndtv v6 ABN NTv Tv9 etv namasthetelangaana sakshi andhrajyothy eenadu ap7am bhakti espncricinfo wikipedia twitter

How to buy diamonds for Rs. 900 every month

Sat, Oct 28, 2017, 12:48 PM
Related Image

Diamonds are more valuable than gold. You need to invest more, to own diamonds. But Indian Commodities Exchange (ICEX) has created an opportunity for customers to invest just Rs. 900 per month and own diamonds. Let us see the details of this scheme.


representational imageMajority people in the country buy gold. Diamonds are purchased mostly by rich class people. This is because of the high price of diamonds. But ICEX says that valuable diamonds can be purchased from its platform. Recently Securities and Exchange Board of India (SEBI) has given permission to ICEX to begin trading in diamonds. This is the first commodities exchange in the world that is trading in diamonds. Also, there never has been a case of inviting Systematic Investment Plan (SIP) on diamonds, until now. Which means that ICEX is giving an opportunity to those who want to own diamonds and those who want to invest in diamonds. ICEX was introduced SIP in diamonds by the end of September.

How to buy
At present, SIP investments are made in mutual funds or gold. But in diamonds it is unheard of says ICEX. Those who wish to buy diamonds or invest in them, should open an account with ICEX broker and complete the 'know your customer,' details. If you want to invest in SIP, you should tell the broker of a convenient date and deposit the money every month, on that date. The broker will then place the purchase order online.

Excellent Opportunity
representational imageIt is natural to doubt as to what you would get for Rs. 900. If you keep investing Rs. 900 per month for two-and-a-half-years, it will amount to Rs. 27,000. 30 cents, 50 cents, 100 cents (one karat)...ICEX has started trading on these three sizes of diamonds. Diamonds trade in ICEX is similar to trade of shares in stock market. You can buy diamonds from a minimum of one cent. It will be credited in your demat account. After collecting at least 30 cents, you can you can take delivery of diamonds in physical form. ICEX has announced that these are natural diamonds and their genuinity, value, cut, polish and other factors will be certified by De Beers company and you will get that certificate. It stated that its main aim was to make most valuable diamonds available for common man.

representational imagePresent value of diamonds is Rs. 27,000 for 30 cents. That is why ICEX has planned it in such a manner that a minimum of 30 cents diamonds can be bought, with just Rs. 900 per month, within two-and-a-half years. Even if you do not continue in SIP, you can invest for a few months, and then sell of the diamonds in demat form, to ICEX. Or you can stop SIP and start it again when convenient.
X

Feedback Form

Your IP address: 54.226.253.34
Kohli Anushka hug goes viral!; over 25 lakh likes in 9 hrs..
Kohli Anushka hug goes viral!; over 25 lakh likes in 9 hrs
Kamal says Chandrababu is his Hero, KTR wishes Kamal..
Kamal says Chandrababu is his Hero, KTR wishes Kamal
BJP allying with YCP sends wrong Message: Kamineni..
BJP allying with YCP sends wrong Message: Kamineni
AP Cabinet Meeting Decisions - Updates..
AP Cabinet Meeting Decisions - Updates
Man chases snake and kills it by biting with vengeance..
Man chases snake and kills it by biting with vengeance
BJP Nagam Janardhan Reddy to join Congress..
BJP Nagam Janardhan Reddy to join Congress
CM Chandrababu presented with memories of school days..
CM Chandrababu presented with memories of school days
Ileana's cheap comments on Tollywood..
Ileana's cheap comments on Tollywood
Ready to die for AP : Hero Sivaji responds on BJP Attack..
Ready to die for AP : Hero Sivaji responds on BJP Attack
BJP workers attack Hero Sivaji..
BJP workers attack Hero Sivaji
A Report : TDP ready to Break Up alliance with BJP..
A Report : TDP ready to Break Up alliance with BJP
Conflicts creep into Pawan's JFC !..
Conflicts creep into Pawan's JFC !
I Loved RGV, But he is a Sadist : Rakesh Master..
I Loved RGV, But he is a Sadist : Rakesh Master
Debate: Will TDP & YCP unite for AP? - Special Status..
Debate: Will TDP & YCP unite for AP? - Special Status TV9 Rajinikanth
Special Story on KIA Motors coming to AP- Inside..
Special Story on KIA Motors coming to AP- Inside
Jr NTR Gym Workout!..
Jr NTR Gym Workout!
TS Sr. Cong Leaders likely to jump into CM KCR's TRS Party..
TS Sr. Cong Leaders likely to jump into CM KCR's TRS Party!
Debate on AP CM to Bring No-Confidence Motion Against Cent..
Debate on AP CM to Bring No-Confidence Motion Against Centre as Last Resort
Chandrababu with National Media Issuing fresh warning to C..
Chandrababu with National Media Issuing fresh warning to Centre (Yesterday video)
Actor Sivaji's shocking comments on Chandrababu over BJP i..
Actor Sivaji's shocking comments on Chandrababu over BJP issue