Worldâs 1st diamond futures exchange starts trading in India
Indian Commodity Exchange (ICEX) on Monday commenced operations as the world's first diamond futures exchange. "Indian manufacturers most require this type of financial product," MD Sanjit Prasad said, adding, "ICEX shall offer a fair, transparent and nationwide market, bringing in large market participation into diamond trade." The exchange is backed by companies like Reliance Capital and MMTC.