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DMCC Israel launch
Dubai Opens Office in Israel Diamond Exchange
The Dubai Multi Commodities Centre (DMCC) has launched a representative outpost in the Israel Diamond Exchange (IDE), paving the way for a deeper trading relationship between the two markets.The DMCC, a state-funded trading hub...
Polished Markets Dec 01, 2020 Joshua Freedman, Sonia Esther Soltani
Rough diamonds TAGS
Rough Demand Strong at Trans Atlantic Tender
Trans Atlantic Gem Sales (TAGS) sold “almost 100%” of the goods on offer at a rough tender in Dubai earlier this month as buyers showed optimism ahead of the holidays, the company reported.The group, which sells diamonds...
Rough Markets Nov 29, 2020 Rapaport News
Sarine
Israel’s Sarine to Open Dubai Service Center
Sarine Technologies will launch a diamond-scanning center in Dubai following Israel’s peace deal with the United Arab Emirates (UAE).The Israel-headquartered company will partner with Trigem, a Dubai-based provider of services to the diamond industry, which...
Technology Nov 05, 2020 Rapaport News
Israel-Dubai
Israel, Dubai Diamond Sectors Sign Trade Deal
Diamond bourses in Israel and the United Arab Emirates (UAE) have signed a cooperation deal following the recent peace accord between the two Middle East countries.The Israel Diamond Exchange (IDE) will open...
Polished Markets Sep 17, 2020 Rapaport News
Rapaport Logo
Dubai and Israel Open Markets
RAPAPORT PRESS RELEASE, August 18, 2020, New York… The Rapaport Group congratulates the governments of the United Arab Emirates (UAE) and Israel on the normalization of relations. Trade ties between the two countries are...
Polished Markets Aug 20, 2020 Rapaport
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
Sierra Leone
Rapaport Proposes Sierra Leone Diamond Reform
RAPAPORT PRESSRELEASE, April 17, 2019, New York … The Rapaport Trade Mission to Sierra Leoneattracted a strong group of 29 international diamantaires and jewelers. Participants were from theUS, India, UAE, UK, Switzerland, Turkey, Canada, Spain, and...
Fair Trade Apr 17, 2019 Rapaport
06 Peter Meeus Chairman Dubai Diamond Exchange
CAR Appoints Peter Meeus as Adviser
The Central AfricanRepublic (CAR) has appointed industry veteran Peter Meeus as a governmentadviser, in line with the nation’s efforts to make its diamond sector compliantwith global standards.Meeus (pictured), asinternational diamond specialist and special adviser,...
Rough Markets Jun 14, 2018 Rapaport News
ABN Amro 600
ABN Amro Scales Back Diamond Lending
ABN Amro is terminating its diamond and jewelry lendingbusiness in the US and the United Arab Emirates (UAE), the Amsterdam-based banksaid.The lender decided to end its services to the US industrydue to its “very small portfolio,” a spokesperson...
Financial-Legal May 21, 2018 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
Alrosa rough sorting
Global Rough Trading Jumps in 2016
Global rough-diamond trading grew last year amid anincrease in average prices, according to data the Kimberley Process (KP)released Tuesday.Worldwide rough imports jumped 15% by value to $48.56billion in 2016, while import volume increased 11% to 380.8...
Rough Markets Jul 05, 2017 Rapaport News
Ahmed Bin Sulayem
KP Proposes UN-Mandated Permanent Secretariat
The Kimberley Process (KP) chair called forthe establishment of a permanent secretariat to oversee the rehabilitation ofnations that have been banned from exporting diamonds.The proposal will be part of the agenda atthe KP plenary in Dubai from...
Fair Trade Oct 19, 2016 Rapaport News
Ahmed Bin Sulayem
KP Mulls Using Tech to Eradicate Conflict Diamonds
The United Arab Emirates-based chair of the KimberleyProcess (KP) has proposed using ‘blockchain’ technology to enhance security andprevent conflict diamonds from entering the market.Blockchain is a list of transactions that take place in apeer-to-peer network. It enables...
Technology Aug 22, 2016 Rapaport News
Ahmed Bin Sulayem
KP and Civil Society Lock Horns Over Boycott
The Kimberley Process (KP) Civil Society Coalition hit backagainst comments by the KP chair criticizing the non-profit alliance for notengaging with the organization. The association last year boycotted the KP when the United...
Fair Trade Jun 09, 2016 Rapaport News
EU Flag
EU Eyes 2018 Kimberley Process Chairmanship
TheEuropean Union (EU) is bidding for the role of Kimberley Process vice chair in2017, meaning it would assume chairmanship of the organization the followingyear. In a jointproposal made at the KP intersessional meeting in Dubai last week, India wouldserve...
Rough Markets May 30, 2016 Rapaport News
Ahmed Bin Sulayem
Kimberley Process to Readmit CAR, Venezuela
The Central African Republic (CAR) and Venezuela are edgingcloser to a return to the Kimberley Process (KP) following the organization’s intersessionalmeeting in Dubai last week.The monitoringteam assessing the CAR has “by and large” completed...
Rough Markets May 29, 2016 Rapaport News
De Beers Rough
Kimberley Process Study Aims to Standardize Rough Pricing
The United Arab Emirates-based chair of the KimberleyProcess (KP) is consulting with key industry players over potentially devisingthe first set of global standards for pricing of rough diamonds.Ahmed BinSulayem, the 2016 chair of the KP and...
Rough Markets Mar 28, 2016 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
DMCC
UAE’s Ministry of Economy, DMCC Sign Pact to Supervise Rough Trade
The Ministry of Economy of the United Arab Emirates (UAE)and the Dubai Multi-Commodities Centre (DMCC) have agreed to enhance coordinationso that the supervision of the country’s rough diamond trade will be in linewith the Kimberley Process...
Fair Trade Dec 29, 2015 Rapaport News
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