• New Fintech Offers Rare Pink Diamond To Retail Investors For 0 Per Share
    Jewelery Diamond

    New Fintech Offers Rare Pink Diamond To Retail Investors For $200 Per Share

    Most of the world’s supply of pink diamonds comes from Australia’s Argyle Mine that closed in 2020. Getty Diamonds are forever–unless you buy a fraction of one and sell it for a profit. Fintech investing platforms offer fractionalized shares in everything from comic books to Picasso paintings, and a new startup is now adding another asset to the mix by securitizing rare diamonds and gems, though fees can be steep for retail traders. Luxus launched Wednesday and plans to sell 2,000 shares of its first piece, a pink Argyle diamond valued at $400,000, for $200 each, pending SEC approval this month. Founded by former Blackstone managing director Dana Auslander and…