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: 54.162.184.214
JDS Leader Kumaraswamy’s Wife Radhika is Trending in Socia..
JDS Leader Kumaraswamy’s Wife Radhika is Trending in Social Media; Why
Mahanati Controversy: Savitri daughter counter to Gemini G..
Mahanati Controversy: Savitri daughter counter to Gemini Ganesan’s daughter
Mahanati Controversy: Gemini Ganesan’s daughter Dr Kamala ..
Mahanati Controversy: Gemini Ganesan’s daughter Dr Kamala Selvaraj Interview
Lakshmi Pranathi Surprising GIFT To Jr NTR On His Birthday..
Lakshmi Pranathi Surprising GIFT To Jr NTR On His Birthday!
Krishnam Raju Shares His Bad Experiences with Praja Rajyam..
Krishnam Raju Shares His Bad Experiences with Praja Rajyam
Pawan Kalyan Funny Comments on Nara Lokesh in Ichapuram..
Pawan Kalyan Funny Comments on Nara Lokesh in Ichapuram
Cash for vote case: Pawan Kalyan Comments on Chandrababu..
Cash for vote case: Pawan Kalyan Comments on Chandrababu
Pawan Kalyan Apologizes AP People: Accepts Mistake Publicl..
Pawan Kalyan Apologizes AP People: Accepts Mistake Publicly
Kathi Mahesh Comments On NTR's Aravinda Sametha Veera Ragh..
Kathi Mahesh Comments On NTR's Aravinda Sametha Veera Raghava
Watch: YSRCP MLA Roja enjoying with family in Paris..
Watch: YSRCP MLA Roja enjoying with family in Paris
BJP's Plan B after loss in Karnataka Election..
BJP's Plan B after loss in Karnataka Election
I will Definitely Form Govt in 2019 in AP: Pawan Kalyan..
I will Definitely Form Govt in 2019 in AP: Pawan Kalyan
YS Jagan & YS Bharathi Tributes Somayajulu..
YS Jagan & YS Bharathi Tributes Somayajulu
Prabhas and Anushka secret meeting in Dubai Saaho sets..
Prabhas and Anushka secret meeting in Dubai Saaho sets
Sri Reddy appeals CM Chandrababu for a cause..
Sri Reddy appeals CM Chandrababu for a cause
HD Kumaraswamy takes Oath on Wednesday 23rd May..
HD Kumaraswamy takes Oath on Wednesday 23rd May
CM Chandrababu Power Punch on BJP..
CM Chandrababu Power Punch on BJP
CM Chandrababu escapes probable Mishap in Capital..
CM Chandrababu escapes probable Mishap in Capital
Weekend Comment by RK: Chandrababu, KCR support JDS..
Weekend Comment by RK: Chandrababu, KCR support JDS
Prof Nageshwar Analysis on Yeddy Resignation as CM..
Prof Nageshwar Analysis on Yeddy Resignation as CM