DMCC and DGJG join hands to co-ordinate training and marketing initiatives for the industry

DMCC and DGJG tie-up is the first public-private sector partnership of its kind and has been devised to launch a coordinated effort to grow the industry and promote it worldwide.

"Contribution from both the public and private sector is essential for the continuous and systematic development of any industry," said Dr. David Rutledge, CEO DMCC, speaking at the signing ceremony for the MoU.

"DMCC's primary role is to facilitate an investor friendly environment that encourages the development of a healthy commodities market. We aim to work closely with the gold, diamond and jewellery traders represented by the Gold and Jewellery Group, to provide the necessary environment for growth in line with international best practices," he added.

"With this understanding a whole new platform will now be available to DGJG members to access opportunities that are created by DMCC," said Tawhid Abdullah, managing director, Dubai Gold and Jewellery Group

"Our members will now be able to derive better advantage of the products and services offered by DMCC and DDE. Without doubt this will help us to achieve more industry growth at all levels."

The two-way DMCC and DGJG tie up is expected to focus on two key aspects of the gold, diamond and jewellery industry, which includes education & training and marketing & promotion.

According to the terms of the MoU, DMCC and DGJG intend to share their respective training calendars, in addition to jointly participating in and promoting gold, diamond and jewellery industry events, both internationally and in the UAE.

The DGJG will promote DMCC and its industry initiatives including Polygon DMCC, Dubai Gem Certification, DGCX and other new initiatives among its members. In addition, it is expected to create a special membership category for DDE members within the group. The two organisations will also keep their members abreast of all new industry developments.