In which country world’s first electronic diamond exchange is to begin in September-2015?
In which country world’s first electronic diamond exchange is to begin in September-2015?[A]Singapore[B]South Africa[C]India[D]Saudi Arabia
The world’s first exchange for physically-settled diamonds is slated to begin trading in September in Singapore. The Singapore Diamond Investment Exchange (SDiX), as it is known, aims to create a new marketplace for the global diamond trade. The exchange will provide investors an opportunity to invest in diamonds with transparent pricing. SDiX will be a first-of-its-kind business-to-consumer (B2C) platform for physically settled diamonds. The exchange is capable of handling 500,000 transactions per second. Its rules are based on the practices and regulations of the securities and commodities market. [Business Standard]