Diabytes
ICEX launches world's first diamond futures contracts
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.
Trending Photos
7- 9
- 7
- 7
New Delhi: The Indian Commodity Exchange Limited (ICEX), a Reliance ADAG-anchored platform on Monday launched the world`s first diamond futures contracts to provide exporters with a hedging tool.
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.
World’s1st diamond derivatives exchange #ICEX STARTS OPERATIONS from today in DIAMOND #FUTURES @DiamondWorldNet #Diamond #Exchange pic.twitter.com/tfg6763nHJ — ICEX (@ICEXofficial) August 28, 2017
ICEX had earlier received approval from the market regulator Sebi to commence trading with diamond futures contracts.
Reliance Capital, part of the Anil Ambani-led Reliance Group, is the largest investor in the exchange.
India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Live Tv
 "DNA: Eknath Shinde Steps Back, BJP to Decide CM")
 "DNA: Where Is Bushra Bibi Amidst Pakistan’s Chaos?")
 "DNA: Chhattisgarh Couple Promotes Helmet Safety at Wedding, Video Goes Viral")
 "DNA: IIT Kanpur Develops ‘Invisible’ Shield for Indian Army!")
 "DNA: AIMPLB's 'provocative plan' on Waqf leaked!")
 "DNA: Sambhal riots- shocking revelations in police FIR")
 "DNA: Violence Erupts in Bangladesh After ISKCON Monk Chinmoy Das’ Arrest")
 "DNA: Anmol Bishnoi Seeks Asylum in the U.S.")
 "DNA: Adani Case - Corruption Allegations Rock Indian Markets")
 "DNA: Were Muslims Stopped from Voting in UP By-Elections?")
