Costs
When buying a diamond you pay the best available price at which your bid order has been filled. Each category requires an additional exchange buy transaction fee of 1.5% of the total value of the diamond.
When selling a diamond you are charged an exchange sell transaction fee of 1.5% of the total value of the diamond.
There is a vaulting charge. This is an exceptionally competitive rate due to our relationship with our vault operator and the quantity of diamonds held by DODAQ in their vaults. See prices below for the fee structure.
If you wish to take delivery of a diamond you will pay the transportation fee. Our vault operator additionally offers a world wide delivery cost.
Here is a summary of the costing structures:
Transaction Fee
| |
Value of diamond transactions per calendar month |
Transaction fee (% of value of transaction) |
|---|---|---|
| Up to |
$1,000,000 |
1.5 % |
| The next |
$1,000,000 |
1.25% |
| The next |
$1,000,000 |
1.00% |
| Thereafter |
0.85% |
Payment Administration Fee
A fixed low fee of $15 will be levied on each monetary transfer to cover charges incurred by DODAQ.
Vaulting Fee
|
Total value of portfolio ($) |
Charge per day |
Effective Annual % rate |
|---|---|---|
|
<$10,000 |
(Total value of portfolio x 0.0200)/365 |
2.00 % |
|
$10,000 - $99,999 |
(Total value of portfolio x 0.0175)/365 |
1.75 % |
|
$100,000 - $499,999 |
(Total value of portfolio x 0.0150)/365 |
1.50 % |
|
$500,000 - $999,999 |
(Total value of portfolio x 0.0100)/365 |
1.00 % |
|
$1,000,000 - $2,499,999 |
(Total value of portfolio x 0.0085)/365 |
0.85 % |
|
$2,500,000 - $4,999,999 |
(Total value of portfolio x 0.0070)/365 |
0.70 % |
|
$5,000,000 - $9,999,999 |
(Total value of portfolio x 0.0055)/365 |
0.55 % |
|
>$10,000,000 |
(Total value of portfolio x 0.0045)/365 |
0.45 % |