ICEX launches 30 cents diamond futures contracts to attract small investors

Reliance ADAG anchored Indian Commodity Exchange Limited (ICEX) has launched 30 cents polished diamond futures contracts on its platform to attract small investors and make natural precious stone popular amongst average middle class.

The exchange currently offers 1 carat (100 cents) and 50 cents polished diamond contracts on its platform.

ICEX was the first company globally, to launch diamond derivatives contracts on August 28, 2017. The commodity exchange had started operations with 1 carat futures contracts and had subsequently added the 50 cents contracts. With the addition of 30 cents, ICEX now also serves a larger chunk of the diamond industry in