Dubai leading platform for trade in legitimate African diamonds

Dubai Diamond Exchange to host first Zimbabwe diamond tender in Dubai

Dubai has emerged as the leading global diamond platform, and is ideally positioned to support the trade from diamond-producing nations in Africa to the consuming nations in the East and West, Ahmed bin Sulayem, Executive Chairman, DMCC, has said.

The Dubai Diamond Exchange (DDE), a DMCC platform, has confirmed it will host the first tender of Zimbabwe diamonds in the DDE at Almas Tower between March 23 and 30, 2014. The tender will feature rough diamonds from Anjin, Jinan, DTZ, DMC, Marange Resources and Kusena.  It will be the third rough diamonds tender organised by the DDE this year.

Peter Meeus - Chairman DDE

“It is no coincidence that Dubai has emerged as the leading global diamond platform. We have created an incredible infrastructure, services and products which directly assist the industry traders; our policies and regulations are strong; and we are ideally positioned to support the trade from the producing nations in Africa to the consuming nations in the East and West,” says DMCC’s bin Sulayem.

“The DDE has been instrumental in ensuring that African diamond markets have a voice and a platform to trade their products. The DDE and Dubai is now an established distribution and diamond centre for those diamonds,” added Peter Meeus, Chairman of DDE.

The DDE has been a key supporter of the diamond trade in Africa over the last decade and has become the global platform from which Africa can trade to consuming countries in Asia and Europe.

The tender is facilitated by Global Diamond Tenders DMCC in cooperation with the DMCC where viewings will take place in the premises of the Dubai Diamond Exchange, Almas Tower, Level 2.

The DDE is a member of the World Federation of Diamond Bourses and a supporter of all its initiatives. The Exchange fully complies with the Kimberley Process Certification Scheme, which ensures that all rough diamonds imported to and exported from the country have been mined in a legitimate matter.

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