The Autorité des marchés financiers (AMF) has warned about proposals to invest in diamonds without complying with the new regulation.
Law of 9 December 2016 on transparency, the fight against corruption and the modernization of economic life (the « Sapin II » lax) has introduced a changes in the system of intermediation in miscellaneous assets .
The diamond investment proposals highlighting the possibility of a financial returns or a similar economic effect involve intermediation in miscellaneous assets and are now subject to ex ante control by the AMF. Consequently, no offer on diamond investments car be directly marketed in France on without prior allocation by the AMF of a registration number.
The AMF has already warned several times about proposals to invest in diamonds.
Despite the warning of the AMF regarding this new regulation, these platforms keep advertising and/or marketing the French public.
Here is the list of the websites:
http://atelierdudiamant.com/
http://bankofdiamond.fr/
https://www.be-diamonds.com/fr/
https://www.blackandstones.com/
https://www.bluedexonline.com/
https://bluediams.com/
http://www.capitaldiamant.com/
http://www.capital-diamond.com/
https://www.colorsdiamonds.com/
https://www.diamantcorporationltd.com/
http://www.diamantepargne.com/
http://www.diamants-invest.com
https://www.diamepargne.com/fr/
http://www.diamondinvests.com/
https://www.diamondprivilege.com/
http://www.diamonds-exchanges.com/
http://www.diamondthrust.com/
http://www.diamondxp.com/fr/
http://www.diamoneo.com/
http://www.diamoning.com/
https://www.diamonstore.com/
https://www.diamorama.com/
https://www.diampatrimoine.com/
http://www.eternity-diamond.com/
http://excellence-invest.com/
https://www.first-diamond.com/fr/
https://www.france-diamants.com/
https://gemexpro.com/
https://www.group-hoffman.com/
http://www.igldiamond.com/
https://fr.investdiamond.com/
http://www.investissementdiamant.com/
https://www.les-diamantaires.com/
http://moncoffrefort4.com/
http://mondialdiamant.com/
https://www.morganandjohnson.com/
https://novadiams.com/
https://www.patrimoinediamant.com/
https://www.prestige-diamant.com/
https://prestige-diamant.net/
http://www.prestige-invest.com/fr/
https://www.private-diamond.com/fr/
http://prodiams.com/
http://www.spotdiamonds.com/
http://traditionvendome.com/
http://www.vanderbelt-group.com/
These websites may change very quickly and this list is not intended to be exhaustive.
Lastly, the AMF reminded investors to follow these safety guidelines before making any investment:
- no advertising materials should make you overlook the fact that high returns always involve high risk;
- learn as much as you can about the company or intermediary trying to sell you a product (authorization/certification, company history, location of head offices, etc.);
- only invest in a product you understand;
- ask yourself how, and by whom, the purchase price or selling price of the advertised product is set, and find out the precise terms and timeline for selling the product, especially in cases where the product invests in an asset class with low liquidity.