Editing Commodity market (section)

===Diamonds===
As of 2012, diamond was not traded as a commodity. Institutional investors were repelled by campaign against "[[blood diamonds]]", the monopoly structure of the diamond market and the lack of uniform standards for diamond pricing. In 2012 the SEC reviewed a proposal to create the "first diamond-backed exchange-traded fund" that would trade online in units of one-carat diamonds with a storage vault and delivery point in Antwerp, home of the [[World Federation of Diamond Bourses|Antwerp Diamond Bourse]]. The exchange fund was backed by a company based in [[New York City]] called [[IndexIQ]]. IndexIQ had already introduced 14 exchange-traded funds since 2008.<ref name=NYT13Apr2012 /><ref>{{cite web
|date=5 February 2013
|title=IQ Physical Diamond Trust
|url=http://sec.edgar-online.com/iq-physical-diamond-trust/s-1a-securities-registration-statement/2013/02/05/section25.aspx
|access-date=15 April 2013
|archive-date=25 December 2016
|archive-url=https://web.archive.org/web/20161225124542/http://sec.edgar-online.com/iq-physical-diamond-trust/s-1a-securities-registration-statement/2013/02/05/section25.aspx
|url-status=dead
}}</ref><ref group=notes>IndexIQ registered Adam S. Patti as Chief Executive Officer (CEO) and David Fogel as Chief Financial Officer and Executive Vice President in the City of Rye Brook, New York, on 31 January 2013 as representatives of IndexIQ Advisors LLC sponsoring the IQ Physical Diamond Trust.</ref>

According to [[Citigroup]] analysts, the annual production of polished diamonds is about $18 billion. Like gold, diamonds are easily authenticated and durable. Diamond prices have been more stable than the metals, as the global diamond monopoly [[De Beers]] once held almost 90% (by 2013 reduced to 40%) of the new diamond market.<ref name=NYT13Apr2012 />