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Diamond Fund to Open This Year

By Rob Bates -- JCK Online, 3/1/2008 2:00:00 AM

Diapson Commodities Management is planning to open its delayed diamond investment fund this year, reports say. The fund will concentrate on the biggest, most valuable stones.

The fund was supposed to debut last year but was delayed because of problems with its $400 million initial public offering.

The fund is Sharia-compliant, a nod to its Muslim backers.

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