MV Index Solutions: MVIS and Diamond Data Derivatives Launch the Universal Standard Diamonds Evaluation 100 Index
Today, MV Index Solutions GmbH (MVIS
) in collaboration with Diamond Data Derivatives Ltd. ( DDD ) announced the launch of the Universal Standard Diamonds Evaluation 100 Index (ticker: USDE).
Owned and originally developed by DDD, the Universal Standard Diamonds Evaluation 100 Index (ticker: USDE) has been designed to capture the global market of cut and polished wholesale diamonds based on sales volume (measured by amount of diamonds) of the top 100 traded diamonds. The index is composed exclusively of lab graded diamonds. We are proud to partner with DDD to launch the first-ever real-time price index for physical investment-grade diamonds, stated Steven A. Schoenfeld, CEO of MV Index Solutions. For decades, the global diamond industry has sought an investable index suitable to serve as the benchmark for investment products, and we believe that the USDE100 will