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World’s first diamond exchange will go live in Singapore in September

Posted on 02 July 2015

The Singapore Diamond Investment Exchange Pte Ltd (SdiX) on Wednesday announced it will launch the world’s first commodities exchange in physically settled diamonds in Singapore. The exchange is targeted to go live in September 2015.
The SdiX said in a statement that the SDiX platform will utilise proven exchange technology to create a new marketplace for the global diamond trade. The platform is designed to deliver price transparency and liquidity to the diamond market through a real-time price discovery mechanism, allowing diamonds to be traded as a commodity, thus enabling the creation of a new asset class, it added………………………………………..Full Article: Source

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