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Diamond manufacturers must use technology to react swiftly to changes in the market

One of the original founders of Sarine, Uzi Levami has a long history of founding high-tech companies. He was awarded the prestigious Israel Defense Award in 1992 by then President Chaim Herzog, for his endeavors on a development project for the Israel...

20 march 2017

A mined diamond can bring an extra depth to the significance of a jewellery piece

Award-winning designer Sarah Ho, was born in Hong Kong and grew up in Macau before moving to London to enrich her skills in design and gemmology. Sarah’s inspirational designs are a sentimental reflection of the different chapters in her life and her...

13 march 2017

‘I will run my chair in a very transparent, open fashion’ – KP Chairperson

Australia’s Robert Owen-Jones took over as this year’s Kimberley Process Chairperson amid tension between the civil society and the United Arab Emirates (UAE), which chaired the diamond watchdog last year. The civil society coalition boycotted UAE’s...

06 march 2017

Giving beauty to people as a gift

The ‘Kierge’ jewellery house is a large firm manufacturing and selling jewellery and is a famous Yakutian brand. Over its 23 years of experience, the company was repeatedly the winner of national and international contests like ‘The Recognition by St...

27 february 2017

IDE's Yoram Dvash: 2017 shaping up to be more positive

After a tough 2015, last year provided the diamond industry with more stability and 2017 could be even better, says Yoram Dvash, President of the Israel Diamond Exchange (IDE) and Vice-President of the World Federation of Diamond Bourses (WFDB). In this...

27 february 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

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