Now, trade in diamond...
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ICEX makes a comeback through futures contract in diamond
In a first of its kind, Reliance Capital-led Indian Commodity Exchange (ICEX) launched the world’s first diamond futures contract last week. ICEX had suspended operation in 2014 due to dwindling volumes in the exchange.Given that India is one of the largest exporters of polished diamonds, a futures contract to hedge price risks will help manufacturers, wholesalers and retailers and jewellery fabri...
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