The Singapore Diamond Investment Exchange (SDiX) to launch the World’s First Commodities Exchange in Physically Settled Diamonds.
The world’s first exchange for physical diamonds is set to launch in Singapore in the fourth quarter, with a longer-term plan of creating a diamond futures market.
Alain Vandenborre, the man behind the Singapore Diamond Investment Exchange (SDiX), thinks they can be bought and sold in a different way. Up until now, the industry has been old-school.
There are wholesalers, there are retailers, people in the middle, and there’s just no room for those people anymore. This way, manufacturers can go directly marketplace to sell goods at the right price.