Oman firm replaces sanctioned Alrosa in Angolan diamond miner
Alrosa, which held a 41% interest in the Catoca operation, has been sanctioned by the US, EU and their allies.
The Dubai Diamond Exchange (DDE), a Dubai Mutli Commodities Centre (DMCC) platform, will host the second Dubai Diamond Conference from April 21 to 22, 2015. The conference will be held at Almas Tower, the Middle East’s tallest commercial tower that is home to over 1,000 diamond, precious metals, precious stones and jewelry companies.
The two-day conference will bring together international leaders of the diamond industry, ranging from African ministers to traders, financiers and world-renowned jewelers.
Ahmed Bin Sulayem, the executive chairman of the DMCC, said, “2015 will be an interesting year for the global diamond trade and at DMCC we are honored to host and bring together our valued trading partners from across the globe. The global diamond industry has been going through a historic transformation over the last couple of years with the center of gravity shifting from West to East.”
The conference will provide an opportunity to build relationships between companies and governments in producing and consuming countries, further highlighting the pivotal role that Dubai plays in the global diamond trade for diamonds. The DDE program will enable discussions and debate with a focus on stimulating innovation and growth in the African, Middle Eastern and Asian diamond industry.
Dubai’s strong leadership and vision has enabled the Emirate to quickly transform itself into a key link in the global transport and distribution system. Since its inception in 2002, DMCC has successfully established Dubai as the global gateway for commodities trade by building and enhancing its physical and financial infrastructure, regulatory standards, products and services, including the launch of the DDE and the Dubai Gold and Commodities Exchange (DGCX). This has positioned Dubai as one of the world’s leading diamond centees.
DMCC – Made For Trade
DMCC is dedicated to enhancing Dubai’s position as the global gateway for commodity trade. The most successful markets create conditions that enable producers, traders and consumers to thrive. DMCC is a Dubai government authority committed to developing these ideal conditions for trade and enterprise. DMCC has a strong track record in commodity trade facilitation and we encourage and support business through the platforms we provide. These include our Free Zone, commodity exchanges, legal and regulatory frameworks and our strong real estate offering. As part of our DMCC Free Zone expansion strategy to provide large corporates with a commercial property offering unique to the Dubai marketplace – DMCC is developing the Burj 2020 District, with the world’s tallest commercial tower, the Burj 2020, as its centerpiece. www.dmcc.ae
Dubai Diamond Exchange (DDE) is a DMCC platform and a leading diamond center based in Almas Tower. From buyers to sellers to service providers — everything the industry require in terms of infrastructure and a marketplace is available under one roof in a secure environment at Almas Tower including: DDE, vaulting, boiling, polishing, certification, transport and logistics services and the Kimberley Process Certification Scheme.
