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The Indian Commodity Exchange (ICEX) has said it will launch the world's first diamond futures contract at the end of August, amid growing interest in the precious stones globally.
ICEX managing director and chief executive officer, Sanjit Prasad, told the Press Trust of India (PTI) late on Friday that trading operations in diamond futures will begin on August 28.
"With the launch, ICEX will pave the way for the creation of the world's first organised, transparent and regulated derivatives market for diamonds, which will...