Launched in Dubai, yesterday, the «Dubai Diamond Conference, which brings together a group of senior officials and players in the diamond industry, and financiers to trade precious metals and gems and jewelry.
He estimated the Dubai Multi Commodities, during the conference, the total value of contracts traded in (DDE) b 40 billion dollars ( 147 billion dirhams) in 2012, at a time when participants to move center diamond production to Africa, enhance the status of Dubai-point link between producing countries in Africa and consuming states in India and the Far East.
And participates in the «Conference Dubai Diamond» for 2013, which was held under the slogan «New Silk Road», more than 450 workers in the diamond industry, including ministers and destinations legislative and regulatory, and advisers, and jewelers, will also discuss «New Silk Road », and how to take advantage of Dubai’s logistics center between the diamond-producing countries in Africa, and polishing centers in India and the Far East.
Diamond trading
And detailed, according to Chief Executive Officer at the Dubai Multi Commodities, Ahmed bin Sulayem, that «the center participated during 2012 estimated 10 billion dollars ( 36.7 billion dirhams) to the GDP of the UAE, which enhances the prestige investment and entrepreneurship, which is occupied in the local economy.
Said on the sidelines «Conference Dubai Diamond», that «the total value of contracts traded in (DDE) exceeded barrier 40 billion dollars ( 147 billion dirhams) in 2012», indicating that «the value of trades more than doubled three times since in 2008 until the end of 2012 ».
He pointed out that «the number of licenses companies doing business issued by the center until the end of the year 2012 amounted 2033 license, compared 1400 license during 2011», pointing out that the first quarter of this year saw record 220 company, with international companies multiple nationalities, and regional companies operating in the commodities sector, in addition to small and medium-sized enterprises and entrepreneurship projects.
He stated that «area (Jumeirah Lakes) one of the largest and fastest free zones in Dubai, as the number of towers operating in nearly 64 towers, with approximately 55 thousand people between residents and workers where, at a time when the total number of companies registered about 6200 Company , an average of five to six companies join daily.
And between Bin Sulayem that «Dubai is preparing to enter the next stage of the process of development, a global hub for sectors logistics and luxury goods, as it is no longer a counterpart to the largest and most important centers of diamond trade in the world, but also constitutes a safe environment and organization gives confidence the most important makers and diamond traders in the world, Izawloa their business with confidence.
Shift towards Africa
For his part, Chairman of «Dubai Diamond Exchange», Peter Meeus, that «in 2013 is a point articulated to the diamond sector at the global level, as he and more than 80 years, worked Inc. (De Beers), which are the major companies operating in the field of mining in the world, which acquires 70% of world production, the sale of products from the British capital, London, through a company (Diamond Trading Company) affiliate, but quoted sales all year to Gaborone in Botswana » .
He added that «the size of transactions (DDE) with Botswana exceeded barrier five billion dollars, after the transfer of the office to», pointing out that the transition to the African continent in the industry is a pivotal and strategic, as obsessed continent on the largest share of global production.
The Meeus that «transmission center diamond production to Africa, enhance the status of Dubai point link between producing countries in Africa and consuming countries in India and the Far East», pointing out that «South Africa, Angola, Zambia, is the largest supplier to the Dubai Diamond Exchange».
He explained that «(Almas Tower) in the region (Jumeirah Lakes Towers) embraces more than 1000 companies operating in the field of trade in diamonds and precious metals, precious stones and jewelry, also includes the head office of the company (in Great) in the UAE, which had been issued 9921 certificate the origin of rough diamonds in 2012, an increase of 32% on the year 2011 ».
In the same vein, the chief executive said the company «Solomon Othaim Gold and Jewellery Ltd., Suliman Al, that« there are great opportunities for growth in the region’s markets, as witnessed retail diamond trade in the Middle East increased significantly.
He pointed out that «diamond retail outlets experienced significant growth, since tripled in recent years, and we expect that this increase will continue with high levels of cooperation between African countries diamond-producing, and retailers in the Middle East.