Reuters logo
ICEX launches world's first diamond futures contracts
August 28, 2017 / 10:21 AM / 3 months ago

ICEX launches world's first diamond futures contracts

MUMBAI (Reuters) - The Indian Commodity Exchange (ICEX) launched the world’s first diamond futures contracts on Monday to provide exporters with a hedging tool.

India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished.

The 1-carat contract for expiry in November, December and January will have delivery centre at Surat in the western state of Gujarat, the exchange said in a statement.

Reporting by Rajendra Jadhav; Editing by Gopakumar Warrier

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below