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LUXUS Partners With IGI For Valuation Services August 16, 2022 (0 comments)
NEW YORK, NY--Precious gems and high jewelry investment platform, LUXUS, has partnered with the International Gemological Institute, which will serve as the independent valuation partner to LUXUS and provide valuation services for all the precious gems and high jewelry listed on the platform.
IGI operates 20 laboratories around the world. Through this partnership, IGI will produce appraisal reports for relevant assets on the LUXUS platform, delivering retail replacement value and grading attributes as well as authentication of assets. The evaluation team at IGI will work directly with LUXUS to provide proof of authenticity and market value for each piece of jewelry listed on the LUXUS investment platform.
[Pink Argyle diamond offered by LUXUS]
“IGI provides the first-rate expertise necessary to put the highest caliber diamonds, other precious gems and jewelry, in the hands of investors on the LUXUS platform,” said Dana Auslander, founder and CEO of LUXUS. “On top of opening the door for investors to partake in ownership of the world’s rarest assets, we’re working directly with an industry leader in jewelry grading to ensure our assets are best-in-class and the IPO valuation is at the best possible price.”
In addition, IGI will provide LUXUS with access to their library of digital educational resources and allow LUXUS to incorporate the content into their web-based applications. LUXUS will also use IGI’s library to educate the investment community on the place of precious gems and high jewelry as portfolio diversification and inflation-hedging securities.
“This partnership with LUXUS allows us to leverage our diversified audiences and grow their understanding of the value of diamonds and gemstones,” said Avi Levy, IGI North American president.
LUXUS launched its alternative investment platform May 2022 with its inaugural asset, a rare pink Argyle diamond, in partnership with Kwiat and Fred Leighton. LUXUS partners with luxury brands to unlock fractional ownership in jewelry, ethically sourced precious gems, rare watches, accessories for retail investors.