Baku 12° C
India establishes diamond exchange for first time in the world
Finance
- 28 August, 2017
- 11:54
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 28 August. REPORT.AZ/ India’s Indian Commodity Exchange (ICEX) has launched business on diamond futures for the first time in the world.
Report informs citing Gazeta.ru, the ICEX has stated.
According to information, initially, operations will be carried out with 1-karat stones. Later, it is planned to do business with 0,3 and 0,5-carat diamonds. Chief of ICEX Sanjit Prasad noted that the realization of futures operations will ensure the transparency, efficiency and security of diamond investments. It will also create a chance for jewelry producers to protect themselves from price fluctuations.
Author
Latest News
17:38
Duncan Norman: London aims to deepen co-op with Azerbaijan's Nakhchivan Autonomous Republic
Foreign policy
17:27
Photo
Azerbaijan and UN discuss expanding cooperation on sustainable development
Other
17:19
Photo
Spirit of Azerbaijan concert held in Brussels for Victory Day
Foreign policy
17:02
Photo
AzerGold organized a series of events on the occasion of Victory Day
Industry
16:51
Kenyan cult leader sentenced to 200 years in prison for murder of 190 children
Other countries
16:25
Photo
First phase of Soltanli village in Jabrayil district inaugurated - Update
Domestic policy
16:24
Iranian, UAE FMs discuss regional situation
Other countries
16:24
Photo
President Ilham Aliyev and First Lady Mehriban Aliyeva attend opening of non-alcoholic beverage production facility in Jabrayil district - Update
Domestic policy
16:15
European Commission starts negotiations on free-roaming regime with Western Balkans
Other countries