Current Affairs - Miscellaneous - Discussion

The Indian Commodity Exchange (ICEX) launched the world's first diamond futures contracts on Monday to provide exporters with a hedging tool. ICEX has launched 1 ct diamond futures contract for delivery in November and followed by contracts with monthly settlements. ICEX will offer HVS2 quality diamond certified by the International Institute of Diamond Grading & Research (IIDGR), a De Beers group company, and vaulting services will be offered by Malca Amit.