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Burj Khalifa.
Diamonds Light Up World’s Tallest Building
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...
Polished Markets Aug 02, 2020 Rapaport News
DMCC
DMCC Opens Doors to Lab-Grown Business
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...
Rough Markets Jul 06, 2020 Rapaport News
DMCC
DDE Reopens with Revamped Trading Floor
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...
Polished Markets Jun 15, 2020 Rapaport News
DMCC
Dubai Trading Center Unveils Relief Package
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...
Polished Markets Mar 30, 2020 Rapaport News
DMCC
DMCC Debuts New Diamond-Boiling Facility
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,...
Rough Markets Feb 18, 2020 Rapaport News
Stargems Dubai Tender
Stargems Closes Strong Dubai Rough Tender
Stargems sold nearly $50 million worth of rough diamonds ata tender in Dubai this month. A total of 577,000 carats of high-quality rough from acrossAfrica went on sale at the Dubai Diamond Exchange’s Almas Towers, withmore than...
Rough Markets Nov 25, 2019 Rapaport News
Almas Tower
Dubai Exchange Holds First Lab-Grown Tender
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...
Rough Markets May 12, 2019 Rapaport News
RJC
RJC Appoints Executive Director
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,...
Polished Markets Apr 10, 2019 Rapaport News
DMCC GJEPC partnership
DMCC Joins GJEPC’s My KYC Initiative
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,...
Financial-Legal Dec 23, 2018 Rapaport News
HRD Antwerp
HRD to Open its First Middle East Jewelry Lab
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...
Polished Markets Dec 19, 2018 Rapaport News
Dubai 150
Dubai Diamond Exchange Elects Board
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...
Rough Markets May 08, 2018 Rapaport News
Stargems to Host Dubai Rough Tenders 150
Stargems to Hold Dubai Rough Tenders
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...
Rough Markets Feb 19, 2018 Rapaport News
Virginia Drosos Signet
2017’s Diamond Merry-Go-Round
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...
Polished Markets Dec 26, 2017 Rapaport News
Andrew Bone RJC Responsible Jewellery Council
RJC, DMCC Sign Social Responsibility Deal
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...
Polished Markets Oct 22, 2017 Rapaport News
Dubai
Dubai Trade Warns Against Diamond Tax
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,”...
Polished Markets Oct 17, 2017 Avi Krawitz
Dubai
Dubai Conference Set for October
The Dubai Diamond Exchange (DDE) will host its biennialdiamond conference on October 16 and 17 this year, and expects to attractfigures from across the industry.The Dubai Diamond Conference 2017, which focuses on thetheme of “shaping the...
Polished Markets Jul 05, 2017 Rapaport News
Dubai
Alrosa in Talks to Raise Dubai Rough Sales
Alrosa has agreed to work more closely with Dubai to expandthe Russian miner’s business in the emirate’s trading center.Recently appointed Alrosa president Sergey Ivanov and AhmedBin Sulayem, executive chairman of the Dubai Multi Commodities...
Rough Markets Jun 14, 2017 Rapaport News
Dubai
Dubai Sees Diamond Trade Jump in 2016
The Dubai Diamond Exchange (DDE) gained 268 new members in 2016, facilitating a sharp rise in diamond-trading activity there.A total of 945 companies now operate in the bourse, out of the 13,500 members that the Dubai...
Rough Markets Apr 18, 2017 Rapaport News
Kimberley Process
UAE ‘Ready to Back Venezuela’s Return to Kimberley Process’
The United Arab Emirates (UAE) is prepared to support Venezuela’s attemptto return to the Kimberley Process (KP), The National reported, citingAhmed bin Sulayem, the chairman of the Dubai Multi Commodities Centre (DMCC)and the new...
Fair Trade Feb 16, 2016 Rapaport News
National Bank of Fujairah Diamond Financing
National Bank of Fujairah Opens Diamond Financing Office in Dubai
The National Bank of Fujairah (NBF) opened its diamond financing office in the Dubai Multi Commodities Centre (DMCC). Thiscomes after the United Arab Emirates bank set up a diamond financing team inApril 2015 to fund...
Financial-Legal Dec 27, 2015 Rapaport News
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