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OWN A HIGH QUALITY
  DIAMOND WITH SIP

AVAILABLE IN 30/50/100 CENTS

YES, I WANT TO START DIAMOND SIP

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ABOUT DIAMOND SIP

WHAT IS DIAMOND SIP?

Diamond SIP is a systematic investment plan to own high-quality diamonds by simply investing as low as Rs 120 per day. Investors or buyers who are interested in buying diamonds can now own a 1 carat De Beers- certified diamond. The Indian Commodity Exchange (ICEX) has recently launched the world's first diamond trading bourse, a smart trading platform for retail buyers, traders to acquire the precious stones with convenience.

WHY TO INVEST IN DIAMOND SIP?


  • Buy & sell diamonds
    in real time

  • Start investing
    fom 0.01 carat

  • Start SIP with a
    nominal investment

  • Get high quality
    certified diamonds

  • Easy to
    enter and exit

WHO SHOULD INVEST IN DIAMOND SIP?

  • >Ideal for Traders, Manufacturers and Diamond Jewelers
  • >Sellers can sell on the exchange and give delivery
  • >More authentic & reliable exchange future price since actual trade shall result into delivery
  • >Advance price signal for forward months indicating the price scenario and fundamentals of the market
  • >New set of market participants provides easy entry into and exit from the market
  • >Risk Management tool to carry out price hedging.
  • >Centrally regulated market to avoid adverse price movement
  • >Access to national level market covers sight holders, manufacturers, jewelers and retailers converge.
  • >Alternate market place complementing existing physical market

WHAT IS DIAMOND FUTURES CONTRACT?

  • >ICEX has a contract of diamond of 1 carat weight.
  • >The contract has monthly expiry with compulsory delivery.
  • >The diamond contract shall have three monthly contracts available e.g., Nov, Dec, Jan etc.
  • >Delivery is permitted only in electronic units form upon expiry.
  • >Expiry of the contract happens on 5th calendar day of the expiry month.
  • >Sample of physical stones available in the exchange vault with certificate details can be accessed through
         this link: http://www.icexindia.com/static/market-operation-delivery.aspx

HOW IS THE DIAMOND INVESTMENT OUTLOOK?

A) Report of BANK OF AMERICA MERRILL LYNCH
  • >Polished diamond value (in nominal US Dollars) is expected to expand at a Compound Annual Growth Rate (CAGR) of four per cent between 2016 and 2022,
         Driven by:
  •       >Positive US consumer confidence indicators; however, high-end retail under pressure.
  •       >Five per cent per annum growth in China due to campaign against corruption and conspicuous consumption.
  • >Global supply of rough diamonds (in carats) is expected to expand at a CAGR of three per cent between 2016 and 2022, peaking in 2021:
  •       >New exploration and finds can be expected to take place in 'tougher' postcodes, which involve political and physical difficulties.
  •       >Improved technology however is optimizing cutting and polishing so that greater yields are being realized

 

B) Report of MORGAN STANLEY
  • >Diamond jewelry sales are expected to grow at a four per cent CAGR (in nominal US Dollars) between 2016 and 2021, driven by:
  •       >US providing a solid core, contributing 42 per cent of polished diamond demand.

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HOW TO START DIAMOND SIP?

  • Register yourself for trading account with any of the members of the ICEX
  • Upon registration, intimate SMC about your desire of investment in Diamond.
  • One can buy/sell in the contract before the date of expiry through SMC
  • The client has to deposit the money to SMC, allowing it to create position on behalf of the clients in ICEX futures contract.
  • The position which was created, shall upon expiry results into delivery.
  • An investor who keeps his/her buying position open shall receive the units on expiry of the contract
  • The clients shall be given access to the exchange system where the units purchased shall reflect percent of polished diamond demand.

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HOW TO EXIT DIAMOND SIP?

A. By selling in ICEX
  • >The investors who purchased and accumulated units in aforementioned manner have option to sell the units at exchange platform.
  • >The investor shall receive money after two days of contract expiry.

B. By taking physical delivery
  • >Investor can convert the accumulated electronic units into physical unit and can get physical delivery of diamond at any point of time.
  • >Delivery of Physical diamond from the vault will be offered in specified lots/ denominations weighing 1 to 1.09 carat and at specified locations only. The Exchange
         will keep updating the available stones and its weight on the Exchange's official web site.

 

For example:

Supposing a unit holder has accumulated 103 units of Diamond in his E- account. And hence, he wants to take delivery of one stone having 103 cents. However, exchange inventory is carrying only two stones having 101 and 105 cents, then the options available with the unit holder are:

  • >He can take delivery of a stone having 101 cents and keep the remaining 2 units in his E- account.
  • >He can acquire additional 2 cents from the market and take delivery of 105 cents stone.
  • >Delivery of physical Diamond will be made available from Exchange designated security vault at Surat only. The Exchange will keep on adding the number of
         centers in future to offer physical delivery keeping in view of the interest generated by the investors at a particular center.
  • >For the purpose of taking physical delivery of diamond, the SMC will send to the Exchange an Authority letter on his letter head, authorizing a representative on      his behalf to take the delivery.

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Why invest through SMC?

We believe in growing with our clients and creating valuable relationships. Its about having the passion to go that extra mile and its about making the clients and partners a part of the family.

Reasons to choose SMC as your preferred broker
  • Wide Range of Financial Product and Services
  • Dedicated Trading and Research Desk
  • Advanced charts on trading platforms with built-in historical data
  • Auto Trender - A Specialized Technical tool.
  • Online Trading on Smart Phone and Tablets
  • Competitive Brokerage Rate
  • Award Winning and Reputed Brand.

SMC IN NUMBERS

Serving over

18,00,000+

Unique Clients

Workforce of

2,850+

Employees

Covers

500+

Cities across India & Abroad

Large Network of

2,500+

Sub-Brokers & Authorished Persons

Cumulative AUM under mutual funds

2,800+

Crores

Clearing Settlement Service to

280+

Trading Members

Disclaimer: ICEX Registration no.: INZ000035839 (SMC Comtrade Ltd.) Investment in commodities are subject to market risks, read all the related documents carefully before investing.