07 Dec 2019
DiamondWorld Directory
Home |
News
Home
Arslanian Group DMCC to be DDE’s 1000th member
The DDE is GCC’s only diamond and coloured stones trading platform
By: Diamond World News Service
|
Mar 24 2017 8:49AM
|
Reference: 15021  

DecreaseIncrease
The Arslanian Group DMCC, a leading player in the international rough diamond business since 3 generations is set to be the 1000th member of the Dubai Diamond Exchange (DDE).

DDE, located in the Almas Tower, the heart of the region’s diamond trade, is GCC’s only diamond and coloured stones trading platform, and home to some of the world’s most renowned jewellery manufacturers, retailers and traders.

Peter Meeus, Chairman of the DDE Board of Directors, commented: “As a trade regulator and market maker for diamond and coloured stones businesses, the DDE is the only bourse in the GCC affiliated with the World Federation of Diamond Bourses (WFDB). The DDE brings together several large scale initiatives that complement industry requirements, such as rough and polished diamond tenders as well as one globally accepted framework for governance and trade practices.”

Mr. Raffi Arslanian, on behalf of Arslanian Group DMCC, said: “We have chosen to grow our operations further in Dubai and in the Almas Tower. Due to its strategic location in between the cutting centres in India and the Far East and the producing nations in Africa, Dubai is ideally located. We are proud to be the 1000th Member of the Dubai Diamond Exchange. Especially the logistical flight connections and the great infrastructure have helped us make this decision to expand our services in Dubai further.”

Mr. Ernie Blom, President of World Federation of Diamond Bourses (WFDB), said: “We are delighted to hear about the rapid growth of the Dubai Diamond Exchange to become one of the leading diamond exchanges in the world. The landmark of 1,000 members is impressive, especially in the knowledge that the DDE only started its operations in 2004.”

The DDE assists with international dispute settlement, helping members find solutions. As a member of the World Federation of Diamond Bourses, the DDE has the authority to arbitrate and resolve disputes for members with verdicts withheld in other WFDB affiliated bourses.

DDE membership serves as a mark of distinction, opening doors and allowing access to those active in the diamond trade. The DDE ensures its members have the safety of trading only with reputable companies who adhere to its compliance guidelines and are bound by a strict code of good business practices and ethics. The DDE Membership is compulsory for all DMCC licensed members that are trading in jewellery, pearls & precious stones; manufacturing precious jewellery and cutting & polishing precious stones.

Ahmed Bin Sulayem, Executive Chairman of the DMCC, concluded: “Dubai's trade and commerce role is, and has always been, to facilitate trade along the silk route by providing people with the tools they require to succeed. The Dubai Diamond Exchange implements a robust framework that has rapidly expanded by maximising its strong connectivity with producer markets in Africa, cutting centres in Asia and consumers in Europe, the US and China. By providing world-class infrastructure for service providers, regional and international trading partners, DMCC will continue to ensure industry participants can trade with confidence and access new markets.”

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Search News by City
Recent Issue
2019
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 22489
GJEPC Chairman Interview
Views: 20540
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 27730
Promo for IJ Awards 2012 at NDTV Profit
Views: 40658
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 44398
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 17464
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 42537
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 40286
Advertisement
GIA_NEWS
Advertisement
Mohra India
Member of:
Supporter of: