Diamonds are forever – or so investors in the latest alternative investment to hit the LSE will be hoping. Diapason Commodities Management is aiming to raise $400m for the first listed fund to invest in gemstones, buying only large polished diamonds worth more than $1m. The fund is the latest in a series of offbeat investments aimed at satisfying booming demand for “alternative” returns that are not directly linked to stock and bond markets.
