Price discovery: Current Affairs, GK & News - 2020-2021

ICEX launched world’s first diamond future

Published: August 29, 2017

The Indian Commodity Exchange (ICEX) has become the world’s first derivatives exchange to launch diamond futures contract. Initially, the contracts are launched in size of 1 carat with compulsory delivery. This will create an entirely new market for the diamond players where sellers can deliver their certified diamonds to different buyers. The launch will also ..