Underwriters at Lloyd’s of London back VULT’s Global Guarantee of Diamond Authenticity
Secured Worldwide, the creators of VULT, a unique diamond investment product, has won the backing of the Underwriters at Lloyd’s of London for VULT’s warranty of the authenticity of every diamond in VULT units sold to consumers by Secure Worldwide.
This first-ever policy backs Secured Worldwide’s guarantee that the diamonds contained in VULT are exactly as listed at the time of the products original sale. If at any time after purchase the diamonds in VULT are found to be otherwise, the company will refund the original purchase price or replace the product at no charge to the buyer.
The VULT system turns diamonds into a liquid, fungible asset. Specifically, VULT is a consumer financial FinTech product that uses internet-based technologies and state of the art authentication coupled with investment-grade diamonds and space-age materials to address the need of consumers for a portable store of wealth and tangible asset.
“VULT is unique and here’s why: with VULT, we identify and capture those diamonds that are most in demand in the global diamond market.
Each of our VULT units is interchangeable with another in its class, as the value of the diamonds selected represent a standard denomination, ranging from $25,000 to $250,000.” says Joseph A. Lipton, CEO of Secure Worldwide.
“Of course, VULT offers additional exclusive advantages. VULT units are portable, tradeable and transferable worldwide across continents and cultures, and their identity and value can be assessed on a smartphone, anywhere is the world,” Lipton explained.
“And different from any other diamond investment product, Secured WorldWide now offers a warranty that is backed by the financial strength and claims-paying ability of the Underwriters at Lloyd’s of London, under the company’s policy,” he continued.
“In practice, it means that Lloyd’s backs Secure Worldwide’s guarantee that the diamonds contained in every VULT sold are exactly as listed at the time of the products original sale,” he continued “In the – most unlikely – event that after purchase the diamonds in VULT are found to be otherwise, Secure Worldwide will refund the original purchase price or replace the product at no charge to the buyer,” he added.
“In light of the above, we view the backing by the Underwriters at Lloyd’s of London of Secure Worldwide as testimony to the long term investment value of the high-end diamonds that the various VULT product classes offer,” the Secure Worldwide CEO concluded.
About Secured Worldwide
Secured Worldwide was formed in the US in 2013, and has since expanded its operations into Hong Kong, China, Taiwan, Miami, Panama and Dubai. The company’s mission is to create a new global asset based on the enduring value of investment-grade diamonds coupled with multiple-patented technologies and materials. This asset, the VULT, allows the preservation and transportation of wealth with transparency and trust.
– Steven Benson