Tuesday, June 13, 2017

Three months ago, the Government of India has approved the possibility of the diamond trade and a number of other categories of commodities in the futures markets, and now the Indian Commodity Exchange (Indian Commodity Exchange, ICEX) is in the final stages of launch diamond contracts that will trade diamonds even individuals. Final approval from the Securities and Exchange Board of India (SEBI), is expected to be received in the near future, and the official launch of the new futures will likely happen in March of this year.
Investors will be able to choose from three different monthly contracts for diamonds weighing 0,30-0,49 carat carat 0,50-0,69 and 1,00-1,09 carats.
ICEX is supported by the Indian holding company Reliance Capital, and Indiabulls Housing Finance and IDFC companies as major shareholders. Exchange has links with the International Institute of Classification and diamond exploration and diamond (International Institute of Diamond Grading & Research , IIDGR), a subsidiary of De Beers, for the purpose of classification and packaging of diamonds.
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1 comment:

Pearl Necklace said...

Auction house Sotheby's said that arranges the sale ring with blue diamond, owned by American actress and politician Shirley Temple. The estimated price of the lot at $ 25-35 million.
Fantasy diamond weighing 9.54 carats deep blue color purity VVS2, rimmed in the ring, will be offered to buyers at the upcoming auction Magnificent jewelry (Magnificent Jewels) in New York on April 19, according to the a statement of 19 March. The average price per carat can make about $ 3.7 million.
The father gave Temple the actress is the ring in 1940 on her 12th birthday, and in honor of the premiere of the film with her participation "Blue Bird". The ring was purchased for $ 7 210.
"(On an example of the stone) is very interesting to observe the sharp change in relation to the colored diamonds in the last hundred years," - said Geri Shuler (Gary Schuler), the head of Sotheby's unit for jewelry sales in North and South America.
In addition, Sotheby's Hong Kong auctioned blue diamond "De Beers Millennium Jewel 4 '' on its spring auction of Magnificent jewelery and jade (Magnificent Jewels and Jadeite) April 5. Rare gem oval cut frequency IF weighing 10.10 carats is the largest oval fancy bright blue diamond ever auctioned. Its estimated cost is $ 30-35 million.