In its recent press release the International Colored Gemstone Association (ICA) said that it will launch the ICA International Gem Fair Dubai 2008, between October 13-15, 2008. The event will be co-organised by Dubai Multi Commodities Centre (DMCC) and supported by the ICA GemBureau Middle East. This B2B event is the first of it kind in Dubai and hosted to position Dubai as leading global hub for colored stones trade. It will be held in Dubai spanning three days.

Over 150 exhibitors from the Middle East, Thailand, India, China, Hong Kong, Brazil, Australia, USA, Germany and Japan would participate including members of the ICA, DMCC and the Dubai Gems Club, representations from key colored stone producing countries worldwide. The ICA intends to ensure that the event is accessible only to ethical gem traders.

Mr. Andrew Cody, President of the ICA, said: "Dubai has established itself as a prominent international center for the precious commodities trade. Capitalising on Dubai's established and prospering retail jewellery industry, we are confident that the ICA International Gem Fair will evolve into an important highlight in the calendar of the global colored stones industry."

Ms. Gaiti Rabbani, Executive Director, Colored Stones and Pearls division, DMCC said, “The ICA Gem Fair will effectively fill the gap in the current product offering for the regional trade, and will enable the growth of the physical trade in colored gemstones in Dubai. The DMCC promotes coloured gemstones through its own dedicated Colored Stones and Pearls division and has set up a Middle East ICA GemBureau along with ICA.