Kimberlite Diamond Corporation, trusted distributors and traders of investment grade natural colour diamonds, has entered into a binding written agreement with Maritime Securities Limited to become the administrator and co-manager of their new hard asset division. At a time when the equity markets are in steep decline, the creation of this hard asset division allows clients the opportunity to diversify their investment funds into a high performing alternative asset class; investment grade natural colour diamonds.
"Quality investment grade natural colour diamonds have appreciated by 20% or more on an annual basis since 1990, and it is our opinion that these hard assets shall continue to appreciate in the future, due to shrinking supplies, (continued) stock market instability, real estate volatility, political uncertainty and the potential for widespread inflation in the longer term," states Theo Moss, President of Maritime Securities Limited "We believe that investors should be seeking diversification and a safe haven for their investment funds."
"We are absolutely thrilled to be working with Maritime Securities and their clients," states Allan Walker, President of Kimberlite Diamond Corporation. "This partnership will allow us to market diamond opportunities to their existing clients, and will allow us to promote a valuable alternative asset class to the broader investment community. There has never been a better time to accumulate natural colour diamonds, and we look forward to bringing our unique market expertise to Maritime's client base."
As part of this strategic partnership, Maritime Securities Limited has acquired a minority equity interest in Kimberlite Diamond Corporation. Based in Toronto, Ontario, Canada, Kimberlite Diamond Corporation is uniquely positioned to provide a meaningful return on investment to existing and future clients of Maritime Securities Limited. As Canada is one of the founding members of the North American Free Trade Agreement (NAFTA), the North American clients of Kimberlite Diamond Corporation have the benefit of being able to accept delivery of their diamond acquisitions free of duty. Under the terms of NAFTA, cut and polished diamonds are not subject to duty on cross-border transactions amongst member states.
