Come September and trading is expected to begin at the world’s first electronic diamond exchange namely the Singapore Diamond Investment Exchange, for physically-settled diamonds, reports say. The Exchange would establish a new and dedicated marketplace for the global diamond trade. Trading at the exchange would begin with only four hours in a day, and the time will later be expanded to include the time zones of other key global financial markets, reports add. % % Investors can trade diamonds at real-time transactional, wholesale prices.

The exchange is made capable to address needs of those within the diamond industry and with high-net worth. It would have a capacity of handling 500,000 transactions per second. Financial investors and traders require to be accredited to trade on the exchange. Also, the diamonds traded on the exchange require to be KP compliant. After it is ready to begin operations, the exchange is expected to potentially have over 25 pioneer members, reports add.