New Diamond Exchange is Now Open for Business
The Singapore Diamond Investment Exchange is now open for business. The exchange is backed by several investors including Jim Rogers, chairman of Rogers Holdings, and Hsieh Fu Hua, chairman of United Overseas Bank Ltd., a former head of Singapore Exchange Ltd. and a former president of Temasek.
“Investors can now trade single stones as well as so called baskets of investment grade diamonds electronically for physical settlement”
~ Singapore Diamond Investment Exchange
Investors can now trade single stones as well as so called baskets of investment grade diamonds electronically for physical settlement, the Singapore Diamond Investment Exchange said in a statement. At first, the exchange aims to support spot trading, followed by plans for derivatives and exchange traded products.
About Singapore Diamond Investment Exchange
Singapore Diamond Investment Exchange (SDiX), headquartered in Singapore, is the world’s first commodity exchange in physically settled diamonds. The Exchange platform, the first of its kind globally, will utilize proven exchange technology to create a new marketplace for the global diamond trade. By bringing commodity exchange technology to the diamond market, SDiX is creating a true price discovery mechanism with increased liquidity, allowing diamonds to be traded as a commodity.
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