The two organizations announced jointly last week that IGI, an Antwerp-based grading lab with 20 labs worldwide, will serve as the platform’s independent valuation partner, determining fair market value for pieces listed on the platform.
IGI joins the Gemological Institute of America in working with Luxus.
GIA provides grading and authenticity services to the platform, while Luxus also includes Rarity reports from The Fancy Color Research Foundation for fancy colored diamonds.
In addition to valuation services, IGI will become Luxus’ first content partner, the organizations said.
The lab will provide Luxus with access to its library of online education resources and allow the platform to incorporate the content into its web-based applications.
Luxus also will be able to use IGI’s library to educate investors on how precious gems can be used as inflation-hedging securities and to diversify their portfolio.
“This partnership with Luxus allows us to leverage our diversified audiences and grow their understanding of the value of diamonds and gemstones,” IGI North America President Avi Levy said. “We are excited about what our partnership means for the future of the industry as new investors and jewelry enthusiasts are introduced to this new asset class.”
Luxus launched in May 2022 with one asset, a pink diamond from the now closed Argyle mine in Western Australia secured in partnership with Kwiat and Fred Leighton. It has since expanded its offerings.
For more information on the platform, visit the Luxus website.
