Now, trade in diamond...
| Victor Moussa/shutterstock.com
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...
Read the rest of this article by Signing up for Portfolio.
It's completely free!
SIGN UP NOW
Investment alerts,End of day market reports, Market news analysis,External research reports and Technical calls
Daily update on Business and Market news via email
'Your Market Corner' Widget with personalized business and market news