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South African investors have little appetite for investments

A business and technical leader in the diamond exploration and mining industry, James Campbell has spent over thirty years in the diamond industry and is currently Managing Director of Botswana Diamonds plc. His immediate past role was Chief Executive...

24 april 2017

Jean-Marc Lieberherr: Medium to long term prospects for the world diamond market are strong

Diamond Producers Association (DPA) was established in May 2015 by seven of the world's leading diamond companies, including ALROSA and DE BEERS, to maintain and increase the demand for diamonds, as well as their credibility. One of DPA’s most important...

17 april 2017

Chidhakwa: I have no misgivings about diamond mining consolidation in Zim

Zimbabwe’s mines minister Walter Chidhakwa stands accused of decimating the country’s diamond industry when he decided early last year to streamline operations of mining companies in Marange and that of partly Russian-owned, DTZ-OZGEO, in Chimanimani...

10 april 2017

We are open for good business in all our locations - Erik Jens

Erik Jens, the Global Head - Diamond & Jewellery Clients - AMRO BANK N.V. comes armed with professional experience in banking, financing and investments. He has specialized in private wealth management solutions, investments in hedge funds, private...

03 april 2017

Those who do not define their own niche, will not survive

The Antwerp Diamond Trade Fair (ADTF) enjoys broad industry support as a key annual event for the international jewelry community. The invitation to the ADTF can be obtained directly from the organizers, on the recommendation of one of the participants...

27 march 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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