Board members of Dubai Diamond Exchange convene to strengthen emirate’s role in diamond trade

Newly appointed high-profile members hold first board meeting to review strategy and endorse Diamond Masterplan

The Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre (DMCC), announced today that its newly appointed Board of Directors held its inaugural meeting recently in Dubai, to review the strategy for enhancing Dubai’s role in the global diamond trade.

The board, comprising high-profile members from the industry, toured the DDE trading floor in Almas Tower, Jumeirah Lakes Towers, and reviewed the current strategy and its alignment with global market and trade conditions. As well, the board discussed necessary updates to the Diamond Masterplan, which was initiated two years ago.

“DDE has gained global recognition and is ranked among the world’s top five rough diamond distributors,” said Ahmed bin Sulayem, Executive Chairman, DMCC, and member of the Board of Directors of DDE. “With prominent industry veterans on the DDE Board, we are confident of enhancing Dubai’s appeal as an attractive diamond trade hub at a regional and global level.”

Peter Meeus, Chairman of the Board of Directors of DDE, said: “The first official meeting of the Board of DDE was fruitful, as members examined recent trends, challenges and opportunities for Dubai’s role in boosting the regional diamond trade. They have also reaffirmed their support to the Diamond Masterplan, to further support the entire value chain of the diamond industry and boost trade growth.”

The new Board of Directors includes high-profile members of the international, regional and local diamond and jewellery industry, including Ahmed Bin Sulayem, Chairman, DMCC; Dilip Mehta, CEO, Rosy Blue NV; Pankaj Mehta, CEO, Dimexon Eurostar; Mahendra Parikh, Chairman, Diarough NV; Sheikh Jamil Farsi, Chairman of Farsi Jewellery, the Dean of Jewellers of the city of Jeddah and the Chairman of the Gold and Jewellery Committee in the Chamber of Commerce in Jeddah; Nabeel al Zain, President, Al Zain Jewellery; Tamjid Abdullah, Deputy Managing Director, Damas Jewellery LLC; Amit Dhamani, Managing Director, Dhamani Jewels; Roberto Coin, President, Roberto Coin S.p.a; and Arnaud Flambeau, CEO, Scintilla-Monaco.

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.
Visit www.dde.ae