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Diamonds Light Up World’s Tallest Building
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Dubai has embarked on an eye-catching campaign to attract the global diamond industry to the emirate — and has lit up the world’s tallest building to mark the launch.The story of a diamond’s creation recently appeared on the side of the...
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Polished Markets
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Aug 02, 2020
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Rapaport News
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DMCC Opens Doors to Lab-Grown Business
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Synthetic-diamond firm Lumex will set up shop in the Dubai Multi Commodities Centre (DMCC), as the trading hub looks to expand its lab-grown sector. “In line with its mandate to attract, facilitate and drive new...
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Rough Markets
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Jul 06, 2020
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Rapaport News
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Dubai, China Establish Diamond Partnership
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The Dubai Multi Commodities Centre (DMCC) has signed an agreement with China’s Guangzhou Diamond Exchange (GZDE) that will create new trading opportunities for both parties.“This agreement will further advance the strong...
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Rough Markets
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Jun 30, 2020
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Rapaport News
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DDE Reopens with Revamped Trading Floor
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The Dubai Diamond Exchange (DDE) has recommenced business following a restructure of its trading floor to comply with health and safety guidelines.The bourse, located in the Dubai Multi Commodities Centre (DMCC), plans to resume all...
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Polished Markets
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Jun 15, 2020
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Rapaport News
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Dubai Trading Center Unveils Relief Package
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The Dubai Multi Commodities Centre (DMCC) will implement a support package for its trade members amid the coronavirus pandemic, including discounts and fee waivers.“In these uncertain times, we have a duty to share the...
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Polished Markets
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Mar 30, 2020
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Rapaport News
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DMCC Debuts New Diamond-Boiling Facility
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Trigem, a service provider to the diamond industry, has launched a new boiling plant at the Dubai Multi Commodities Centre (DMCC) that will have the capacity to process 1.4 million carats of rough each month.The facility,...
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Rough Markets
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Feb 18, 2020
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Rapaport News
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313ct. Diamond Emerges as World’s Largest D-Color
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Nemesis International on Thursday unveiled a 313-carat diamond that has been certified as the largest D-color polished stone in history. The emerald-shape, VVS-clarity diamond, known as Constellation 1, is one of eight stones that make up a collection manufactured from...
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Polished Markets
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Sep 26, 2019
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Avi Krawitz
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Dubai Opens Revamped Diamond Bourse
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The Dubai Multi Commodities Center (DMCC) has unveiled aredesigned diamond exchange, featuring the world’s largest diamond-tradingfloor and special windows that will enable it to hold ruby and sapphiretenders. The Dubai Diamond Exchange...
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Rough Markets
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Sep 25, 2019
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Rapaport News
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Dubai Upgrading Diamond-Tender Center
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The Dubai Diamond Exchange (DDE) will soon unveil its renovated center for rough and polished diamond tenders, the bourse reported Saturday. “The DDE is currently under renovation,” the exchange said. “Once...
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Polished Markets
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Jul 29, 2019
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Rapaport News
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Dubai Exchange Holds First Lab-Grown Tender
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The Dubai Multi Commodities Centre (DMCC) will offer rough lab-grown diamonds at tender for the first time, as it aims to diversify the emirate’s trade. The sale, which will be run by Hong Kong-based diamondtrading firm...
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Rough Markets
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May 12, 2019
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Rapaport News
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RJC Appoints Executive Director
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The Responsible Jewellery Council (RJC) has named IrisVan der Veken executive director, the first woman to hold the position. She replaces Andrew Bone, who left the organization in March.“[Van der Veken] is a strong,...
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Polished Markets
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Apr 10, 2019
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Rapaport News
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DMCC Joins GJEPC’s My KYC Initiative
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The Dubai Diamond Exchange (DDE) will join the Gem &Jewellery Export Promotion Council’s (GJEPC) digital know-your-customerplatform. All members of the DDE’s parent company, the Dubai Multi Commodities Centre(DMCC), that trade in diamonds,...
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Financial-Legal
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Dec 23, 2018
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Rapaport News
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HRD to Open its First Middle East Jewelry Lab
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HRD Antwerp will open a diamond-jewelry grading laboratoryin Dubai’s Almas Tower through a partnership with retailer Stargems Group. The center, which will be HRD’s first such lab in the MiddleEast, will be located within the...
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Polished Markets
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Dec 19, 2018
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Rapaport News
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Dubai Diamond Exchange Elects Board
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The Dubai Diamond Exchange (DDE) has elected a new board of directors,featuring a range of professionals from across the industry, the bourse saidMonday. New members include Amit Dhamani, CEO of Dhamani Jewels;Davy Blommaert, the diamond-and-metals...
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Rough Markets
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May 08, 2018
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Rapaport News
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Stargems to Hold Dubai Rough Tenders
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Stargems will host a series of rough-diamond tenders in Dubai this year, enabling miners, suppliers and other companies to buy and sell goods.The sourcing-and-supply company has formed a partnership with the Dubai DiamondExchange (DDE) to stage...
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Rough Markets
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Feb 19, 2018
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Rapaport News
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2017’s Diamond Merry-Go-Round
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The past year has seen a number of changes in management-levelemployees within the diamond industry. Here’s a breakdown of the new faces anddepartures for 2017: Alrosa CEO Andrey Zharkov stepped down to besucceeded by former Sberbank senior...
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Polished Markets
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Dec 26, 2017
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Rapaport News
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RJC, DMCC Sign Social Responsibility Deal
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The Responsible Jewellery Council (RJC) and the Dubai Multi CommoditiesCentre (DMCC) have agreed to collaborate to improve corporate socialresponsibility and promote high standards in the jewelry trade.Under the memorandumof understanding, the groups will...
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Polished Markets
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Oct 22, 2017
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Rapaport News
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Dubai Factory to Cut 813ct. Constellation
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Dubai’s first diamond-manufacturing facility, which officially opened Tuesday, has been tasked with cutting and polishing the world’s most valuable rough diamond. Almas Diamond Services set up the factory with an investment of $1.8...
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Manufacturing
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Oct 19, 2017
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Avi Krawitz
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Peter Meeus to Leave Dubai Exchange
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Peter Meeus is stepping down from his position as chairman of the Dubai Diamond Exchange (DDE), effective on January 1, the exchange informed the trade Monday. He will be replaced by Ahmed Bin Sulayem, who heads DDE’s parent...
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Polished Markets
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Oct 17, 2017
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Avi Krawitz
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Dubai Trade Warns Against Diamond Tax
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The introduction of value added tax (VAT) on loosediamonds would strongly jeopardize growth opportunities in the United ArabEmirates (UAE), Dubai’s diamond leadership warned on Monday.“The possible cost implications of a VAT introduction forUAE traders are huge,”...
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Polished Markets
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Oct 17, 2017
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Avi Krawitz
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