Singapore and India Exchanges Sign MoU for Derivatives Contracts on Diamonds in India

The Multi Commodity Exchange of India Ltd. (MCX), India’s leading commodity derivatives exchange, and the Singapore Diamond Investment Exchange (SDiX), which is the world’s first and only commodity exchange trading in physically settled diamonds, have signed a Memorandum of Understanding (MoU) to launch spot and derivatives contracts on diamonds in India using the SDiX-traded reference prices, Diamond World reports.