Escalating tensions involving Iran have significantly disrupted the diamond trade between India and the United Arab Emirates, halting the movement of rough and polished diamonds along one of the industry’s most important trading corridors. Since late February, the conflict has intensified following drone and ballistic missile attacks launched by Iran against targets in the UAE. […]

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More than 230 delegates attended an inaugural lab grown symposium in Dubai to address issues facing the industry. It was, said Ahmed Bin Sulayem, chairman of the Dubai Diamond Exchange (DDE), the first event of its kind in the world. “With over $1.5bn of lab-grown diamonds traded through Dubai last year – a year-on-year increase […]

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Direct flights between Surat and Dubai would further boost trade between the manufacturing and trading hubs, says Ahmed Bin Sulayem, chairman of the Dubai Diamond Exchange (DDE). He’s calling on the government-owned budget airline Flydubai to introduce a service and enhance existing ties. “I am pushing Flydubai, and I’ll push harder even to have a […]

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The Dubai Multi-Commodities Center (DMCC) and the Guangzhou Diamond Exchange (GZDE) inked an agreement aimed at creating new diamond trading opportunities between China and the United Arab Emirates. The memorandum of understanding (MoU) will grant DMCC and GZDE access to new markets, with both parties committing to promote responsible business practices among their respective members. […]

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DMCC, announcing the results of the Stargems’ latest tender of rough diamonds, hosted by its subsidiary Dubai Diamond Exchange (DDE), said that not only was it one of the largest ever rough diamond tenders in the UAE, but also had the distinction of setting a new sales record for Stargems and the DDE facility. Stargems […]

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The World Federation of Diamond Bourses (WFDB) held an Executive Committee Meeting at the Israel Diamond Exchange on Monday, discussing a wide variety of subjects vital to the industry, as well as moves to enhance the relevance of the organisation. The Executive Committee also heard a review of synthetic diamonds and the state of the […]

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KOLKATA: The Dubai Diamond Exchange (DDE) – a subsidiary of DMCC (Dubai Multi Commodities Centre) – signed today a service agreement to join the MyKYCBank platform of the Gem & Jewellery Export Promotion Council (GJEPC). Ahmed Bin Sulayem, Executive Chairman of DMCC, and Chairman of DDE, and Pramod Kumar Agrawal, Chairman, GJEPC, were present at […]

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The World Federation of Diamond Bourses (WFDB) has announced that former Dubai Diamond Exchange (DDE) President Peter Meeus will take over as head of its World Diamond Mark (WDM) programme. Meeus is a diamond industry veteran who served as DDE president from 2009 to 2018 and was managing director of the Hoge Raad voor Diamant, […]

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Ahmed Bin Sulayem, Executive Chairman, DMCC will assume charge as the Chairman of the Dubai Diamond Exchange on January 31, 2018 when the current Chairman Peter Meeus steps down after 12 years in that position. In a statement released today, DMCC said this was further to the earlier announcement that Meeus would be stepping down […]

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