Middle East's first diamond boiling facility establishes operations in Dubai

Notes and media contacts

About DMCC Precious Gems Division:
The Precious Gems division at Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Dubai Government, consolidates and drives the long term development of the Pearls, Diamonds and Coloured Stones sectors.

The strategic activities of this dedicated division assert Dubai's position as a leading hub for precious gems and jewellery, whilst effectively promoting these industries. Its membership-based trading platforms, namely the Dubai Diamond Exchange (DDE) and the Dubai Pearl Exchange (DPE) provide industry specific services to promote global trade. DMCC has established a robust infrastructure, including free zone status, secure vaults and purpose-built facilities, that brings together a wide range of commodities activities.

Committed to serving the needs of participants in the precious gems markets, the portfolio of the Precious Gems Division includes initiatives such as the Pearls of Arabia and Dubai Cut Diamond and Pearl Essence.

Dubai Diamond Exchange
The Dubai Diamond Exchange (DDE) is a subsidiary of the Precious Gems Division at Dubai Multi Commodities Centre, an initiative of the Government of Dubai to set up a commodities market place in Dubai. A member of the World Federation of Diamond Bourses, DDE enables members access to international member exchanges.

Its members represent global players from New York, Antwerp, South Africa, Mumbai, the UAE and other international diamond centres. DDE capitalises on the rapidly growing trade flow of diamonds through the region, promoting regional trade and global accessibility for local, regional and international diamond marketing participants, strictly adhering to the Kimberley Process Certification Scheme.

For further information, please contact:
Gunjan Chaurasia / Sudha Hemmad / Nicholas Nesson
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080