Cranganore Inc announces its market-development and investor-positioning mandate with Forevercorp Investment Management Pty Ltd, a Sydney-based asset-management firm focused on the diamond industry.
“The volatility in technology deals is giving way to undiscovered opportunities in long-wave assets,” according to Douglas Johnson, Managing Director at Cranganore Inc. “For qualified investors, the diamond industry coalesces around this trend. The growing fragmentation of the industry over the past thirty years yields an impressive opportunity in a field known for information asymmetry.”
Forevercorp is a new-to-market company, now seeking limited partners to build its capital base. The Australian firm is led by Steve Macdonald, a seasoned financialist, entrepreneur, and diamond-industry authority. “Traditionally, the diamond industry traded on the back of a handful of specialists in a few key markets. The business today is percolating from unprecedented wealth accumulation, especially in the developing world. My company is the first asset-management firm anywhere to bring laser-focused structure to the investment opportunity.”
Forevercorp is the brainchild of Macdonald, who has worked inside the luxury goods industry over much of his expansive career. Together with partners Harry George Bodikian and Davide Coaro, the troika musters over 100 years of finance and diamond-industry expertise. Their Sydney base affords an unconventional perspective on a global industry, while offering close proximity to institutional-grade buyers in key Asian markets.
“The risk-return characteristics of diamonds is poorly understood. In truth, the asset class has delivered better returns than more-commonly-understood gold since the global financial crisis, at materially less volatility. Diamonds offer proven investment metrics as an alternative asset class. With professionalization and disruption of this investment market, there is a clear pathway for significant allocation from professional investors,” explains Macdonald.
One feature of the Forevercorp business model is that it is using the non-fungible token (NFT) market to fund some aspects of its operating requirements. The Jeweled Falcon Club catapults the company into the metaverse, beyond the merchants that historically have dominated the diamond industry.
Forevercorp is based in Sydney, Australia. The nation is one of the top-10 diamond producers globally; the local diamond ecosystem is well-established. Australian diamond output exceeds that seen in either Tanzania or Brazil. ■
Forevercorp Investment Management Pty Ltd is registered under the Australian Corporations Act. The group is a signatory of the Kimberley Process, a protocol which prohibits trade in blood diamonds. Additional information available.
Image Credit: Diamon Jewelry at Adobe Stock.
Can a discussion 
