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India Approves Diamond-Futures Trading

Jan 9, 2017 10:46 AM   By Rapaport News
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RAPAPORT... Trading in diamond futures is on course to launch in March after the Securities and Exchange Board of India (SEBI) gave its in-principle approval for the platform.  

The decision, which is still subject to certain regulatory approvals, comes after the government said on September 28, diamonds can be included in a list of commodities that are used in derivatives trading. 

Trading will take place on the Indian Commodity Exchange (ICEX) in three categories of diamond futures: 0.30 carats, 0.50 carats and 1 carat.

Futures will help sellers hedge volatility in polished prices, the ICEX said last week.
Tags: Diamond-futures trading, Futures, futures trading, ICEX, Indian Commodity Exchange, Rapaport News, Sebi, Securities and Exchange Board of India, trading
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