ICEX launches 30-cent di­a­mond fu­tures

India Business Journal - - NEWS ROUND-UP -

In­dian Com­mod­ity Ex­change (ICEX), the world's first di­a­mond fu­tures trad­ing bourse, has started a 30-cent di­a­mond fu­tures con­tract. Till now, ICEX's bou­quet of of­fer­ings in­cluded only two con­tracts -one carat and 50 cents. With the ad­di­tion of 30 cents, ICEX now serves a larger chunk of the di­a­mond in­dus­try in terms of pro­vid­ing direct hedg­ing fa­cil­i­ties. In­ci­den­tally, since its launch in Au­gust last year, the ex­change has wit­nessed de­liv­ery of nearly 283 carats of di­a­monds that are cu­mu­la­tively worth a lit­tle over Rs 8 crore. Last month, the ex­change started of­fer­ing doorstep de­liv­ery fa­cil­ity to clients pur­chas­ing di­a­monds on its plat­form.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.