બુધવાર, 30 ઑગસ્ટ, 2017

World's first diamond futures contract



The Anil Ambani Group-anchored Indian Commodity Exchange (ICEX) became the world's first derivatives exchange to launch diamond futures contract.

India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished. The futures contracts will enable companies involving in cut and polished gems business to better hedge price risks.

Successfully launched diamond futures trading . The contracts are initially launched in size of 1 carat with compulsory delivery. This will create an entirely new market for the diamond players where sellers can deliver their certified diamonds to different buyers

The exchange will offer a fair, transparent and nationwide market, bringing in large market participation into diamond trade. It will result in efficient price discovery and provide an effective hedging platform for all stakeholders

The new exchange will be able to make a meaningful contribution towards further development of commodity markets, Gems & Jewellery Export 

ICEX is powered by technology from MillenniumIT (MIT), part of the London Stock Exchange Group while International Institute of Diamond Grading & Research, a part of the DeBeers Group, certifies diamonds for the exchange delivery.


MALCA, the world's largest courier of diamonds, is the depository and transporter through its Indian arm Malca Amit.

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