Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

DGCX sees encouraging start to H2 of the Year

18 august 2022
July marked a positive start to the second half of the year for Dubai Gold and Commodities Exchange (DGCX), with volatility driving demand for portfolio risk management as it continues to provide the necessary tools for customers to manage and hedge risks and uncertainties across asset classes, as per a press release from the Exchange.
Against a backdrop of geopolitical challenges, potential recession, and inflation concerns that have sparked significant rates hikes and global asset pricing fluctuations, the exchange registered 28,809.33 Average Daily Volume (ADV) trades throughout the month, an 8.96% YoY increase from July 2021. DGCX registered a monthly Average Open Interest (AOI) of 121,105 contracts for the month of July and a notional value traded of $11,726.55 mn.
The consistently high performance was fueled by DGCX’s flagship Gold Futures Contract, which delivered ADV growth of 192.58%. The growth came despite DGCX’s precious metals segment in the shape of its Silver Futures Contract contracting by (90)% YoY
Additionally, DGCX Group saw its Indian SSF product register YoY ADV growth of 537 lots, indicating a continued strong appetite from investors for blue-chip Indian stocks. The Indian Rupee Weekly Future Contract also benefits from consistently high market participation, which increased to 946 lots this month compared to July 2021.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished