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World's first diamond exchange to be launched in Singapore

Discussion in 'Wall St. News' started by ogarbitrage, Jul 2, 2015.

ogarbitrage
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World's first diamond exchange to be launched in Singapore

ShanghaiDaily said:
Singapore Diamond Investment Exchange Pte Ltd (SDiX) will launch the world's first commodities exchange in physically settled diamonds in Singapore, SDiX said on Wednesday.
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ShanghaiDaily said:
Targeted to go "live" in September, the new platform will utilize exchange technology to create a new marketplace for the global diamond trade, which is designed to deliver price transparency and liquidity to the diamond market through a real- time price discovery mechanism.

The mechanism allows diamonds to be traded as a commodity, thus enabling the creation of a new asset class, said SDiX.
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#1 Jul 2, 2015

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