Industry Discusses Diamond Derivatives
June 17, 07
The Antwerp World Diamond Centre (AWDC) will hold an international working panel session on diamond derivatives at its premises in Antwerp on June 28.
The working panel, which includes representatives from leading financial institutions, financial exchanges and the diamond business, will focus on achieving a consensus for the development of diamond derivatives contracts.
The working panel was established by PolishedPrices.com following the launch in December of a discussion paper for diamond derivatives.
“The lack of a structured OTC (over-the-counter) or listed diamond derivative means that industry players are not able to hedge their future diamond demand or supply, when they know that this will be subject to increased volatility,” PolishedPrices said.