23 Jul 2018
DiamondWorld Directory
Home |
News
Home
ICEX Launches 30-Cents Diamond Futures Contract
Initially, three monthly futures contracts of 30-cents diamonds will be available for trading on the exchange for July 2018, August 2018 and September 2018. The important quality parameters for diamonds to be traded on the exchange platform are HVS2, triple X with pointed culet and negligible fluorescence.
By: Diamond World News Service
|
Apr 14 2018 4:50PM
|
Reference: 16264  

DecreaseIncrease

The Indian Commodity Exchange today launched 30-cents diamond futures contracts, adding to its existing product basket of 1-carat and 50-cents contracts.

ICEX had launched the world's first diamond derivatives contracts in August last year with 1-carat futures contracts, and had subsequently added the 50-cents contracts.

With the addition of 30-cents, ICEX now serves a larger chunk of the diamond industry in terms of providing direct hedging facilities, a statement issued here said.

Initially, three monthly futures contracts of 30-cents diamonds will be available for trading on the exchange for July 2018, August 2018 and September 2018. The important quality parameters for diamonds to be traded on the exchange platform are HVS2, triple X with pointed culet and negligible fluorescence.

Since its launch in August 2017, the exchange has witnessed the delivery of 282.39 carats of diamond valuing Rs 8.02 crore, according to the release.

Earlier, ICEX had started the facility of delivering the diamond purchased by clients on its platform to their doorsteps and had selected Malca Amit as the logistic partner. The stones are delivered in tamper-proof covers, with certificates evidencing all details of the same.

According to Sanjit Prasad, managing director and chief executive officer, ICEX, in an exchange environment, the physical delivery is effected from its designated warehouse where the client has to come physically to take delivery.

"Such a practice dissuades buyers who belong to locations other than the designated delivery centers. ICEX understood the gap and devised a mechanism wherein the vault agency delivered the diamond bought by the investor at the doorstep of the client," he added.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Sort by: 
 Newest 
 | 
 | 
 | 
 Agree 
 | 
fdfdfdf
(fdfdsf)
Eder we w eww. W
feed
(dsfds)
Wwqewqe
ani
(when)
Kfh ejur ge wuh rgwu
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
HouseAd_Trade Fair
Recent Issue
2018
AVAILABLE NOW...!
News in Pictures
Videos
Spotted: Who Wore What (19th to 30th June 2018)
Pictures: 11
JCK Las Vegas 2018
Pictures: 42
Carat+ 2018
Pictures: 20
Talk of Town - Trillion Cut Diamonds
Pictures: 18
#Cannes2018 Celebs Spotted; Who Wore What? (14th to 20th May)
Pictures: 12
Celebs Spotted: Who Wore What? (7th to 13th May)
Pictures: 13
Celeb Spotting (23rd to 29th Apr): Who Wore What?
Pictures: 3
Celeb Spotting (16th to 22nd April): Who Wore What?
Pictures: 6
Bharat Diamond Sports League
Pictures: 10
Hong Kong Show 2018
Pictures: 21
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 10886
GJEPC Chairman Interview
Views: 9935
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 16637
Promo for IJ Awards 2012 at NDTV Profit
Views: 27833
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 30750
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 8387
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 29254
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 28081
Advertisement
Finestar Diamonds
Member of:
Supporter of: