What DODAQ offers
DODAQ offers both diamond industry members as well as individuals with no previous diamond connection a clearly more efficient means to trade polished diamonds. By offering two-way auctions we are eliminating the mystery of diamond pricing and allowing the market to decide fair value.
Simple market economics means participants can bid the price for a individual category at their specified price. If the bid is unattractive to sellers in that particular category then the order is unlikely to be filled and will remain on the order book until cancelled. Similarly if a seller requires a price too high for what the bidders are prepared to pay then the diamond is unlikely to be sold.
It is solely down to the participant to decide value and as each participant has a different opinion or desire, so a market is formed just as markets for stocks, currencies and commodities are determined.
Direct access to a global audience and global prices
DODAQ offers a centralised marketplace for participants to buy and sell, or hold diamonds within a global trading network and acts as counter-party providing a seamless transaction between you and other participants, guaranteeing that the physical and monetary transfer is executed instantaneously.
- Commissions are competitively priced, typically no higher than 1.5%.
- Storage charges are minimised to wholesale rates.
- Participants save by dealing directly with each other, willing seller to willing buyer and eliminates the current payment delays within the industry by settling matching orders instantaneously.
Your safety & security assured
DODAQ facilitates vaulting and transportation services through our professional custodian, Malca-Amit, assuring you complete security of your portfolio at all times, whether taking physical delivery or building a diamond investment holding.
All monetary settlement is executed by DODAQ through ABN AMRO Bank.
All diamonds held remain the outright property of its owner and are stored in a specialist facility reserved exclusively for DODAQ clients and run by our accredited professional custodian who are wholly independent of DODAQ.
You have the right to withdraw your diamonds from the vault at any time.
Any purchase you make is settled instantaneously - we ensure the seller holds the required diamond before it is sold to you. Any sale you make is settled instantaneously too - we ensure the buyer has sufficient funds in their account before your diamond is bought from you.
DODAQ offers no credit. This ensures that you avoid making an expensive mistake by not being able to buy more diamonds than funds available.
You can withdraw your funds immediately after you sell. Your money will leave your DODAQ client account by the end of the next business day (central European time). There is no minimum period for holding funds once verified.
For your safety, and to obey international anti-money laundering laws, your money is sent straight back to your original funding bank account. Money transmissions to your original funding bank account are fast, safe and at minimal cost.