 "(Light to Right) ICEX MD & CEO Sanjit Prasad, ICEX Chairman Ashok Sinha during the launch of the World's first diamond futures contract at ICEX in Mumbai on Monday, August 28, 2017. Photo: Kamlesh Pednekar")
Indian Commodity Exchange (ICEX) went live with derivatives of diamonds on Monday. The best part about the world’s first diamond futures contracts is that even retail investors can participate in the trading and buy diamonds using a systematic investment plan (SIP).
“Many individuals are interested to invest systematically every month and then take delivery of the precious stone when they reach the goal. As the futures trade is live, brokers can now offer the service to their clients,” says Sanjit Prasad, managing director and chief executive officer (MD & CEO), ICEX.
While diamond helps to diversify the portfolio, it is
