Dubai Diamond Exchange expands portfolio of services

The Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre (DMCC), has enhanced the scope of value-added services and benefits for its members, with a view to stimulating the development of a specialised service economy to the diamond trade.

DDE has broadened its platform to include memberships to retailers throughout the region. Through this service, DDE becomes a single market interface for all diamond traders, including wholesalers, retailers and ancillary services providers. DDE’s new brand identity, which was unveiled today at a trade launch, represents this enhanced scope of services. In time, it is expected to become a quality label for the diamond trade, and will be synonymous with excellence and value.

According to Ahmed bin Sulayem, Executive Chairman, DMCC, and Deputy Chairman, DDE, today, the Middle East is the third largest market for diamond jewellery in the world. Together with China and India, this part of the world registers double digit growth numbers year after year. It is becoming clear that the future of the world trade is moving East. The new DDE will then serve as the premier market interface for companies that want to do business here.

The DDE has developed additional services to meet the needs of wholesalers and retailers in a rapidly evolving market. These services include the DDE Diamond Academy, which is intended to enhance industry knowledge and best practice across the diamond and jewellery value chain, through short-term technical and commercial training programmes. DDE further introduced a Digital Diamond Exchange, providing access to specialised directories with detailed company profiles, market information and buying requests.

The initiative comes ahead of the completion of the Almas Tower, the purpose built infrastructure that will house more than 300 international diamond trade-related companies. This clustering will provide companies with easy access to other trade service providers and connect people across the industry.

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