The US Commodity Futures Trading Commission is considering a proposal from the Rapaport Group to start the world's first diamond-futures contracts.
Opting for slightly lower scale in clarity, colour and carat weight can bring down the cost substantially.
India's long-held position as the world's top diamond polisher is being challenged by soaring output from China.
Rajesh Bhayani examines what SEBI's approval of diamond futures trading means for the diamond market players.
