The Amma Group, the only fund in the highly specialised area of coloured diamond investment, is showcasing investment opportunities in Qatar as part of expanding its global footprint.
In this regard, the founders Mahyar Makhzani and Philip Baldwin are at present visiting the region, seeking investments for the two new projects.
The Amma Colour Fund V, its fifth coloured diamond fund provides investors direct “pure play” exposure to actual coloured diamonds without the corporate or operating risk associated with owning a mining company or a large mining conglomerate with limited diamond.
An investment in the fund is targeted to provide an uncorrelated exposure that protects value and generates attractive risk-adjusted returns.
In a desire to only work with organisations that are respectful of the environment, ensure positive social impact and gender equality, within a framework of governance, Amma Group has created a long term ESG (environment social and governance) intention: To team up with partners to create an ecosystem that aims to improve social, economic, and environmental factors within the diamond and precious stone industry by 2030.
The Amma group has also revealed Global Innovation Initiative Group Fund (GIIG Africa), which is the exclusive partner to the African region of the Global Startup awards.
During the formation of its ESG goal, Amma Group was introduced to The Loudhailer, the African partner for the Global Start Up awards. The African continent makes up around 40% of all diamond production, making it the perfect place to start their ESG journey.
“In looking for a partnership, it was important to Amma Group that we worked with an organisation that promoted innovation, self-sufficiency and growth, but also looked to ‘challenge the norms’ – all principles that have helped to shape our organisation”, said Makhzani.
Baldwin said with an ESG intention to work with partners to improve social, economic, and environmental factors within the diamond and precious stone industry, the group through GIIG has developed a fund structure to further support winners of the African based Global Startup awards, also providing the business connections needed to succeed.
"Inevitably these digital disruptors will pave the way in addressing climate change, ESG metrics and energy,” he added.