Are Diamonds an Investor’s Best Friend?

Even with the latest rally in the domestic stock market, a decade worth of middling growth and extreme volatility in traditional stocks has led the investing public to consider alternative investments.  Consequently, commodities have been the beneficiary of this search for growth and the menu for commodities is broadening by the day.  Now there are funds that allow investors to sink money into exotic commodities such as palladium and copper, and there is a push to explore investment funds backed by everyone’s favorite gem — diamonds.  Can diamond commodity funds be around the corner?  The NY Times investigates the subject and CCAM’s Ron Rowland is there to lend his opinion to this contemporary investment question.