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Volumes Rise on SDiX Diamond Exchange

Sep 1, 2016 10:17 AM   By Rapaport News
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RAPAPORT... Trading on the Singapore Diamond Investment Exchange (SDiX) jumped to $6.7 million in August, from the inaugural month of May.

Trading grew from $1.1 million in May to $3.1 million in both June and July, according to a spokesperson for SDiX. The turnover in August – for the first 26 days of the month – increased gross volume for the year to almost $14 million.

The exchange was set up May 5, with backing from Singapore sovereign wealth fund Temasek Holdings and its subsidiary Vertex Venture Holdings, as well as veteran investor Jim Rogers and Sun Tongyu, a founder of ecommerce group Alibaba.

SDiX is the first commodity exchange for physically settled diamonds, the bourse claimed.
Tags: alibaba, bourses, exchanges, investment diamonds, Jim Rogers, Rapaport News, SDiX, Singapore, Singapore Diamond Investment Exchange, Sun Tongyu, Temasek Holdings, Vertex Venture Holdings
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