Login

A new brand has come to the Russian market - LA VIVION

How this had happened was disclosed in an interview with Rough&Polished by Andrey Yanchevskiy, CEO of LA VIVION, who, having turned from a programmer into a jeweler, proved that algorithms and diamonds are a promising combination in business.

14 august 2017

KGK says Botswana lacks capacity, expertise to produce diamond jewellery

KGK Diamonds Botswana opened its operations in the southern African country and the world’s second largest diamond producer in value terms, in 2014 and it is currently cutting and polishing rough sourced from De Beers’ Diamond Trading Company. Company...

07 august 2017

Jewellery might not come under the category of basic necessity, but for women it is a need

Enchanted by the City of Gold-Dubai, brothers Kiran Pethani and Anil Pethani travelled from their little village in Gujarat, India to Dubai in search of a better livelihood. In 1993, they started working for a jeweller in Gold Souk where they learnt...

31 july 2017

"The government should financially support the setting up of skills development units and Gems and Jewellery parks" suggests Sanjeev Agarwal, CEO, Gitanjali Exports Pvt Ltd.

Sanjeev Agarwal has a unique combination of experience encompassing FMCG, Banking & Finance and the Luxury Retail Sectors with Unilever, Cadburys and Deutsche Bank. Sanjeev’s next move to World Gold Council as Managing Director (India-subcontinent)...

24 july 2017

Virtual Possibilities of Jewellery Market

Online jewellery trading in Russia – since it started boosting and becoming more popular among the consumers - is of keen interest among the market players and is a topical issue. Dmitry Zamyshlyaev, Deputy Head of the Federal State Enterprise ‘Assay...

17 july 2017

SDiX partners with the MCX of India to launch spot and derivatives contracts on diamonds in India.

17 february 2017
The Singapore Diamond Investment Exchange (SDiX), the commodity exchange trading in physically settled diamonds, and the Multi Commodity Exchange of India (MCX) have signed a Memorandum of Understanding forging a strategic alliance to launch spot and derivatives contracts on diamonds in India, including using the SDiX-traded reference prices, as per a report in automatedtrader.net.
The goal of this strategic alliance between SDiX and MCX is to develop, design and launch, with the relevant regulatory approvals, the first diamond derivatives contract of its kind anywhere in the world. The contracts will utilise actual traded spot prices for the daily and final settlement of diamond contracts.
The partnership aims to offer diamond market participants a tool to hedge their business risk and unveil new opportunities to unlock diamonds as an investible commodity. SDiX and MCX can offer domestic Indian diamond traders, jewellers and financial market participants access to Indian Rupee denominated derivatives products based on physically settled diamonds.
Alain Vandenborre, Executive Chairman & Founder of SDiX, commented: "SDiX is committed to working with MCX to offer this unique opportunity for jewellers and diamond traders, commodity market participants, and intermediaries to trade in diamonds in a transparent and regulated market".

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished

Comments

Only registered users can add comments (Register, Login)