Kimby is a private investment club of accredited investors focusing on investing in high-value natural diamonds.
Kimby is the first private investment club providing its members the ability to invest in high-value diamonds. The general process is as follows:
1. We Find Unique Diamonds: We search the market for unique high-value diamonds with potential for appreciation or wealth preservation.
2. We Create A Special Purpose Vehicle: Once the diamond is selected, a Delaware Special Purpose Vehicle ("SPV") in the form of a Limited Liability Company is formed.
3. We Buy The Diamond: Members are able to buy units in the SPV and once the Offering is closed, participating members receive their units and the diamond is acquired.
4We Sell The Diamond: The diamond is held for a period of time, and upon a sale, members who own units receive their pro-rata proceeds.
No offering is made to the public as the opportunity is only offered to the club members. Additional, terms and conditions apply. The above description is an abstract of the process. For more detailed information, please read the documents or contact our team.
At Kimby, we're always eager to explore possibilities. While we can't promise the option to purchase the entire diamond, we'd love to hear your interest in doing so. Please don't hesitate to reach out to us through the chat or drop us an email at info@kimby.io. We're excited to have a friendly discussion with you about your preferences and see how we can best assist you.
We take great care in choosing the diamonds, but that doesn't mean we aren't open to exploring other opportunities too. If you have a beautiful diamond you'd like to share with us, we'd be delighted to take a look.
Even if we might not be the perfect match for purchasing your diamond, we have a wide network in the industry. So, there's a chance we could connect you with someone who would be interested in your piece.
To get started, simply reach out to us through the chat or drop us an email at info@kimby.io.
Kimby is a private diamond investment club consisting of a close-knit network of luxury assets enthusiasts. To join, you need to be invited by an existing member. Additionally, you must undergo standard Know Your Customer (KYC) checks and meet the criteria of an Accredited Investor, as defined by Rule 501 or the equivalent in your local jurisdiction.
For membership enquiries, please contact info@kimby.io.
Members are able to invest through their entities, as long as they are Accredited Investors and pass applicable eligibility and KYC requirements.
Yes, members wishing to participate in an Offering are subject to minimum and maximum subscription limits. In most cases, the minimum subscription amount is $5,000 per Offering, and the maximum subscription amount will depend on the total price of the Offering and applicable laws. However, both minimum and maximum amount restrictions may vary on a case-by-case basis. The minimum subscription amount will be indicated on the Offering card as, for example, "$5,000 min".
Before subscribing to 10% or more of the Offering, you should seek independent advice. This is because owning more than 10% would subject the member to becoming a beneficial owner in the specific LLC, and in turn subject to stricter compliance requirements and disclosures, including but not limited to sources of funds and wealth.
Your portfolio dashboard is the place to find details about your units and investments.
If you happen to need any additional documents or information, and you can't find it, don't worry! Just reach out to us, and we'll do what we can.
In most cases, we keep the diamonds in free-trading zones or in memo with our trusted strategic partners. This allows us to showcase these exquisite gems at prestigious trade shows, such as Gem Geneve, where they can be admired and appreciated by industry professionals and enthusiasts alike.
If you own units in a specific series and would like to find out more information about the logistics, please contact a member of our team.
Members wishing to see the diamond that they invested in are welcome to visit and see it at their own cost and convenience.
Kimby issuers are Delaware Series Limited Liability Companies that elect to be taxed as partnerships. Each member that holds Kimby issuer units will be sent a Form K-1 (K-2 and K3, when applicable) following the end of each tax year. We do not anticipate that any Kimby issuer will generate taxable income during any tax year, other than the tax year in which the diamond is sold and only if the diamond is sold at a profit. The tax consequences to you as an investor will vary depending upon your specific circumstances. You are advised to consult with your tax advisor prior to making an investment.
Currently, the membership free. For other fees that are related to specific Offerings, there is a common fee structure, however it is best if members review the specific Offering documents.
Currently, members can pay in US dollars ($) by ACH or Wire (domestic and international). Additional payment methods may be available in the future.
Subscription cancellations of ongoing Offerings will be reviewed on a case-by-case basis, whereas subscriptions of closed Offerings cannot be cancelled.
Refunds are not available, except for terminated Offerings. If an Offering that members participated in terminates, then subscribed members of that Offering will get a refund of the subscribed amount, minus applicable fees.
If your subscription is being refunded due to a terminated Offering, you will receive a refund to your original payment method. Please allow some time for us to confirm your details and to process the payment.
To ensure a safe and compliant environment, we conduct a Know Your Customer (KYC) process to verify identities and prevent any illegal activity from gaining access to our business and members.
Before admitting new members, we request the following information for verification:
For Individuals:
- Full legal name
- Date of birth
- Citizenship
- Tax ID
- Proof of identity (such as a non-expired passport or driving license)
- Residential address
For Entities:
- Company name
- Company structures
- Articles of Incorporation or similar documents
- Tax ID
- Physical business address
- Beneficial owners and key management documents
Please note that if someone becomes a beneficial owner with 10% or more ownership, we may request additional information such as a second government issued-ID, source of funds and source wealth for compliance purposes.
If we ever need any additional documents or information, we'll communicate with you promptly and guide you through the process. In the rare instance that we're unable to verify the provided information, we may need to request further details, or it could lead to the rejection of your membership and subscriptions.
We've made things super easy and convenient for you to share your documents and submit your information with us. Here are the options you can choose from:
1. During Your First Investment: If you are a member ready to make your first investment, you can smoothly input and upload all the necessary documents and submit your information during the investment process on the platform; or,
2. From Your Account Settings: You can easily upload all the required documents and submit your information from your account settings; or,
3. Through Member Support: If you encounter any challenges while providing your information on the platform, no worries at all! Our member support team is here to assist you in a way that suits you best. Please pick the method of communication that is most suitable for you to send us the necessary information and documents, and we will assist you.
To determine whether you're an Accredited Investor, please refer to Rule 501, which provides a guide for you to determine eligibility. For international investors, you should check the definition for the equivalent of an Accredited Investor in your local jurisdiction.
If you're not sure whether you meet the criteria for being an Accredited Investor, you need to speak with your accountant, legal counsel, or financial advisor for guidance.
Once you've completed the on-boarding process, our team will take care of reviewing your information.
The verification time can vary based on the quality of the information you provide. In most cases, it takes a couple of business days. Our goal is to get you up and running as soon as possible.
If we happen to need a bit more information from you, that's okay too. We'll keep you informed, and the verification process may take a little longer.
If your identity, entity and/or accreditation are still pending, this means we are verifying your information. If it is taking longer than expected, we apologize for the inconvenience. If you have any questions or concerns about its status, just let us know via the chat or at info@kimby.io. We're here to assist you at every step!
Your application can be declined if you don't meet the eligibility criteria or if there are other reasons that prevent us from approving your profile.
If you believe that your application was declined in error, please contact us via the chat or at info@kimby.io so we can help you resolve the issue.
Below shows examples of which documents and information may be suitable to verify your investor accreditation status.
Income basis: You previously made in excess of US$200,000 (or US$300,000 with spouse) in the two previous calendar years and expect to make in excess of such this year.
Net worth basis: You have a net worth in excess of US$1,000,000 (alone or jointly with spouse) (this does not include your primary residence).
Professional qualifications basis: You are a holder of a FINRA Series 7, Series 65, or Series 82 licence(s).
Third party basis: You provide a statement or letter from a suitable third-party proving your accreditation.
Entity: If you are an entity there are additional or different parameters that we will require to accept your ‘accredited investor’ status.
Other basis: If you think you qualify as an accredited investor under Rule 501 or for the equivalent in your local jurisdiction for other reasons not listed above, please contact us at info@kimby.io.