ALROSA and DMCC Agree to Enhance Cooperation


At a recent meeting between ALROSA President Sergey Ivanov and Executive Chairman of the Dubai Multi Commodities Centre (DMCC) Ahmed Bin Sulayem, the two organisations agreed to work together and enhance their cooperation in the diamond sector. The meeting took place in ALROSA’s headquarters in Moscow.

The areas of cooperation discussed by the two sides included options for expanding ALROSA’s trading activities at the Dubai Diamond Exchange, a trading platform within DMCC, and stepping up the fight against undeclared synthetic diamonds.

“Dubai is one of the world’s leading diamond trading centers. In 2016 alone, ALROSA sold rough diamonds worth USD 259.5 million to companies-residents of the United Arab Emirates. ALROSA’s affiliate Arcos East DMCC has been successfully operating at the Dubai Diamond Exchange, and we are certainly interested in wider cooperation with our partners from DMCC,” noted Sergey Ivanov.

The ALROSA President also accepted an invitation to attend the Dubai Diamond Conference 2017 and visit DMCC.

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