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DDC Signs Deal with Chinese Bourse

Agreement will help collaboration between New York and Shanghai exchanges.
Mar 19, 2018 5:35 AM   By Rapaport News
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RAPAPORT...
The Diamond Dealers Club (DDC) has signed a memorandum of understanding (MoU) with the Shanghai Diamond Exchange (SDE) in an ongoing effort to facilitate business opportunities.

The SDE delegation’s visit to the New York-based DDC is the Chinese bourse’s first in more than 10 years, and will be the start of a series of collaborations between the groups.

“As a member of a bourse or an exchange, there is so much opportunity to network and meet members of other clubs who can work together and benefit each other’s companies,” DDC president Reuven Kaufman (pictured, left) said last week.

The deal will help US diamond dealers benefit from the rapid growth in the Chinese market, said Lin Qiang, president of the SDE (pictured, right). A partnership that unites organizations from the two leading diamond markets — the US and China — is a win for both groups, he added.
Tags: Chinese Diamond Group, DDC, Diamond Dealers Club, Lin Qiang, memorandum of understanding, MoU, Rapaport News, Reuven Kaufman, SDE, Shanghai Diamond Exchange
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