The Moscow Exchange will calculate and publish Russian investment diamond market price index on a weekly basis.
“The Moscow Exchange begins calculating and publishing new indicators: a composite diamond set index and an investment diamond index. Data for calculation will come from leading participants in the Russian diamond market. The Moscow Exchange diamond set index set in rubles and dollars and the Moscow Exchange investment diamond index set in rubles and dollars are to be calculated weekly,” the exchange said in a statement, as cited by the Prime news agency.
Diamond sets include stones weighing from 0.3 to 1.99 carats, colors from D to O, clarity from IF to I3, round and fancy cuts. To calculate investment diamond index, data will be collected on stones weighing from 2 to 9.99 carats, color from D to H, clarity from VVS1 to VS2, round and fancy cuts.
“The new price index will provide important information for all participants in the investment diamond market,” said Andrzej Arshavsky, Managing Director for Data Monetization at the Moscow Exchange. The new tool will also make it possible to analyze current economic trends and systematically increase the availability of the tool for a wide range of private investors.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
