ICEX to start mock trading for first-ever diamond futures from Monday

ICEX's diamond futures will mean that price discovery for diamonds will now happen outside India

Paving the way for launch of diamond futures trade, the Reliance ADAG-anchored Indian Commodity Exchange (ICEX) is commencing mock trading on Monday, to create awareness among existing and potential participants in the commodity value chain.

The mock trading is to continue for five days. It is aimed at addressing issues and doubts on such trade. Actual trading is likely from the end of August or the first week of September. 

The exchange will begin trading sessions from noon, with a pre-open session extending a maximum of 20 minutes. The mock trading session will continue till 7 pm.

“Mock trading will help diamond processors,