Contracts will be used for trade, including reference prices SDIX, according to a report automatedtrader.net
The purpose of this strategic alliance between SDIX and MCX is the development, design and start-up with the approval of the relevant regulatory authorities of the first of its kind diamond derivatovov anywhere in the world. Contracts will use actual traded spot prices on a daily basis and at the close of trading.
The partnership aims to offer participants of the diamond market is a tool to hedge business risks, and discover new opportunities to make diamonds an investment commodity. SDIX and MCX can offer Indian diamond merchant, jewelers and financial market participants access to the diamond derivatives, physically tied to the price of stones and denominated in rupees.
Chairman and founder SDiX Vandenborr Alain (Alain Vandenborre), said: "SDIX committed to working with MCX, to offer this unique opportunity to transparent and regulated transactions for jewelers and diamond merchant, the product market participants, as well as brokers of diamonds."
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Diamond Services announced the launch of a diamond inspection service directly to representatives of diamond trading in China through the Chinese State Diamond Evaluation Laboratory (NGGC) after the successful installation of a mini-Raman spectrometer in Surat.
NGGC is a state laboratory specializing in gemstone testing. In addition, it is one of the largest gemological institutions in China. The test for synthetic diamonds will begin on November 2. Diamond Services, established in 2012 in Hong Kong, is the developer and supplier of gemological services and technologies. For its new service in Shanghai, she installed a newly released mini-Raman spectrometer that is able to accurately detect diamonds grown in laboratories using HPHT and CVD methods, As well as colored diamonds ennobled by the HPHT method and, in addition, imitation of diamonds.
"Our goal is to expand the range of NGGC services by providing a definitive and quick confirmation of whether the diamond is synthetic or not," said Joseph Kuzi, founder and president of Diamond Services. - Chinese traders will no longer have to remove suspicious items from circulation for long periods of time before they can be properly checked using appropriate equipment. In NGGC, we can immediately check the stone and make a final decision. "
The mini-Raman spectrometer successfully completed the test period and was tested in a large diamond company in Surat, India.
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