GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

DGCX awarded ‘Exchange of the Year’ at FOW Global Investor MENA Awards 2019

11 november 2019

The Dubai Gold and Commodities Exchange (DGCX) has been recognized as ‘Exchange of the Year’ at the FOW Global Investor MENA Awards 2019 for its remarkable growth in which it broke numerous records for trading volume, notional value and open interest, as per a press release from the Exchange.
Les Male, CEO of DGCX, commented: “Winning this is a huge achievement and testament to the DGCX’s incredible journey of growth over the last twelve months. We continuously strive to deliver excellence, innovation and confidence to our investors and traders. So being recognized for our remarkable performance is hugely gratifying and encourages us to continue our efforts and keep building on our accomplishments.” 

         Image credit: DGCX

During the qualifying period, the DGCX traded over 22.2 million contracts, setting a new overall volume record, with a notional value exceeding USD 449 billion, setting itself apart from its peer group within the region and cementing its leading position within key markets. The DGCX also widened investor participation and enhanced liquidity in the market during the qualifying period, whilst remaining the largest global liquidity pool for Indian Rupee trading.
In addition, market participants increasingly relied on DGCX for hedging and investment purposes, as evidenced by its strong performance in FX futures and currency pairs during ongoing geopolitical tensions across Europe, the United States and Asia. DGCX’s Indian Rupee products – INR future, Indian Rupee Quanto Future and the INR-USD Options, drove record-breaking performance for DGCX during the qualifying period.

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