Singapore Diamond Investment Exchange (SDiX) world’s 1st ever diamond exchange is all set to function to go online from September 2015.Till now diamonds were traded on mutual basis where the retailers & jewellers used to buy diamonds from the polishersorconsumers were supposed to buy it from the retailer. Now under the SDiX customers can physically trade in diamond under one roof.
About SDIX:
- The online concept of Singapore Diamond Investment Exchange is brainchild of an entrepreneur & investor Alain Vandenborre.
- This will be the 1st of its kind business to consumer platform for electronic diamond exchange where customers can also avail diamonds physically.
- It has capacity to handle 5 lakh transactions per-second. It will facilitate customers to trade and invest in diamonds with transparent pricing at wholesale rate.
- For payment settlement United Overseas Bank is selected. India’s 25 large diamond companies are its ‘pioneer members’. SDiX is also planning to launch the ‘forward trading’ and ‘futures trading’ in diamonds.
SDiX to go online from September
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