The prospects for diamond futures to be introduced are
warming, as two online markets for trading the stones plan to open next year,
and a new derivatives exchange in Botswana is working on plans for a
futures contract.
The Rapaport Group, a broker and publisher of diamond prices
based in New York
and with offices around the world, is planning to start a 24 hour, seven day a
week, online bid-ask market for spot diamonds.
Meanwhile Dodaq, based in Antwerp, will launch what
it calls “the world’s first online electronic diamond exchange for polished
goods” in the first quarter of 2009. ...