March 31, 2011

Turkey to Start Istanbul Diamond Exchange


The Istanbul Gold Exchange will allow trading of diamonds and other precious stones beginning April 4, aiming to make Istanbul one of the world’s diamond- trade centers, Aksam newspaper reported.

The diamond market has the potential to generate $3 billion of trading on the exchange, Aksam said, quoting an interview with Osman Sarac, deputy chief of the IGE.

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