TORONTO, March 8, 2017 /PRNewswire/ - Precious Investments Inc. (OTCPink Sheets: PNIK), is pleased to announce their new partnership with Flawless Management.
Flawless Management is the first and only fund trust of its kind in Canada, allowing Canadians to invest in rare colored diamonds through various federally registered saving accounts. These accounts include: A Registered Retirement Savings Plan (RRSP), which is designed to help you save for your retirement; A Tax-free Savings Account (TFSA), accessible to all Canadians and allow savings for any goal tax-free; A Registered Education Savings Plan (RESP), an investment vehicle for parents to save for their children's post-secondary education.
Outperforming major markets over the last 18 years, the benefits of investing in fancy colored rare diamonds are endless. Being naturally hard assets, fancy colored diamonds cannot be printed, fabricated, or electronically duplicated. They are considered the most valuable natural hard assets in the world. Limited and diminishing supply continues to ramp up demand in an already exclusive domain. Flawless Management will also work directly with retail investors and with financial institutions to help manage their portfolios and expose them to rare colored diamond investing.
"Rare colored diamonds have offered investors all of the benefits of more conventional hard assets like gold, but their price performance has been much stronger. Pink diamonds have increased in value almost 400% in the last ten years," says Precious Investments, Inc. COO, Kashif Khan. "Our new partnership with Flawless Management will allow the average Canadian to now have access to an investment class previously only available to the wealthy."
Through this joint venture, OTCPink Sheets: PNIK has a 75% controlling interest in Flawless Management. Flawless will earn a management and performance fee, which will be shared with PNIK.
For more information about Flawless Management, visit the website at www.flawlessmgt.com
About Precious Investments, Inc.
Founded in 2004 as AAA Minerals, Inc., Precious Investments, Inc. (OTCPink Sheets: PNIK) eventually grew into a investor of fancy colored diamonds. Diamonds are amongst the world's top investment vehicles due to their consistent market stability, universal appreciation, and limited and diminishing supply, which ultimately creates more demand.
About Flawless Management
Flawless Management is an asset management firm specializing in buying and selling fancy colored diamonds, with the firm headquartered in Toronto, Canada. Flawless Management is committed to creating value for investors and growing clients' portfolios through active management of assets in the portfolio. The objective is to produce long-term appreciation of a diversified portfolio of flawless and exceptional fancy colored diamonds.
Important Cautions Regarding Forward Looking Statements
This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
SOURCE Flawless Management