Icecap Diamonds
Overview
Icecap Diamonds is a private investment firm that operates a trading platform for investment-grade diamonds, utilizing blockchain technology to tokenize diamonds for global trade. The company was founded in January 2020 by Jacques Voorhees, who previously introduced online trading to the diamond industry in the 1980s. Icecap's platform allows investors to buy and sell diamonds at prices approximately ten percent above wholesale, significantly undercutting traditional retail prices. By employing a patent-pending virtual-fungibility technology, the Diamond Value Index™, Icecap enables frictionless trading of insured and vaulted diamonds, addressing historical challenges of liquidity and valuation in diamond investments. The company's marketplace focuses on diamonds with characteristics that enhance their resale value, such as double grading reports from the Gemological Institute of America (GIA) and the Gem Certification & Assurance Lab (GCAL). Investors have the option to vault their diamonds in secure storage facilities or take physical delivery, allowing them to enjoy the asset before trading. Icecap's platform also offers a two-way marketplace where investment buyers, market-makers, and diamond industry wholesalers can compete, providing liquidity and transparency in diamond trading. In May 2021, Icecap relocated its headquarters from Denver, Colorado, to Dubai, United Arab Emirates, within the Dubai Multi Commodities Centre (DMCC). This move was strategic, as Dubai has become a primary trading center for diamonds globally and offers a stable regulatory framework for blockchain assets. The company also launched a line of high-end diamond and jewelry collectibles, including rare colored diamonds and unique finished jewelry pieces, further expanding its offerings in the luxury goods market. Icecap's innovative approach combines traditional diamond trading with modern blockchain technology, aiming to revolutionize the way investors engage with hard assets like diamonds.
Investment Focus
- Diamonds must have a GIA Certificate and a GCAL grading report that agrees with the GIA document
- Diamonds should be round, brilliant cut between 0.50 ct and 5 ct, D-I color, Flawless to VS2 clarity, and GIA Triple Excellent cut quality
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Unlock full contacts →Frequently asked questions about Icecap Diamonds
What sectors does Icecap Diamonds invest in?
Icecap Diamonds invests in Financial Services, Technology, Insurance, Retail, Investment Management and E-commerce, and is based in Colorado, United States. Icecap Diamonds is listed as a private investment firm in the ConnectSafely investor database.
What stage does Icecap Diamonds invest at?
Icecap Diamonds backs companies at Seed, Early Stage and Growth, writing cheques of 3K - 50K.
Which regions does Icecap Diamonds invest in?
Icecap Diamonds invests across United States and United Arab Emirates.
Last updated · Source: ConnectSafely investor database