On December 27, the Moscow Stock Exchange will begin calculating and publishing four new indices related to diamond trading. This is stated in Message Trading platform.
In addition to diamond indices for investment purposes, composite diamond set indices will also be put into practice. Both Moscow Stock Exchange benchmarks will be calculated weekly in rubles and dollars.
MDIAMR and MDIAMD marks were chosen for diamond set indices, and MDIAMR2 and MDIAMD2 marks were chosen for investment diamonds.
When calculating the first two indices, data on the cost of round and fancy cut diamonds weighing 0.3-1.99 carats will be taken into account. Stones between 2 and 9.99 carats are used in investment diamond indices.
According to the Moscow Stock Exchange, the first data on the calculation of indices will be provided by the largest participants of the Russian diamond market. Historical values have been produced since September 29, 2022.
It was previously reported that the new diamond price indices were planned to be put into operation before the end of autumn. According to Andrzej Arshavsky, general director of data monetization at the Moscow Stock Exchange, according to preliminary forecasts, starting from October 3, the diamond set index in rubles will increase by 47%, and investment diamonds by 67%.
India before It is cancelled moratorium on diamond purchases.