Diamond Index
FT reports on this long over-due instrument:
Investors who fear that high diamond prices may not be forever will soon have help at hand.
Bankers and diamond experts are to launch two initiatives in the coming days to create the world’s first derivatives contracts linked to diamond prices.
The move could inject new price clarity into the diamond market, which has been one of the most secretive and opaque corners of the global commodities sector. Also, this could give consumers more bargaining power when buying diamonds.
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Posted: June 22nd, 2007 under Africa, Commodities, General.
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