HRD Antwerp Diamond Lab has appointed Ferrari International as its official and exclusive freight forwarder and logistics provider for the HRD Antwerp Lab Link service for Israeli clients. HRD Antwerp Diamond Lab said Ferrari International will provide the full door-to-door secured services.
The Lab Link service to Israel was started in July 2007 with the [...]
Europe
HRD Antwerp Diamond Lab appoints Ferrari International to provide Lab Link service to Israel
Industry News
DMCC launches world class Conference Centre at Jumeirah Lakes Towers, Home to Dubai Diamond Exchange
Dubai Multi Commodities Centre (DMCC) has announced the official opening of Almas Conference Centre, a state-of-the-art facility that is positioned to create a world class corporate events destination in the Jumeirah Lakes Towers (JLT) community.
The Conference Centre is located in the ground level of the flagship, 65-storeyed Almas Tower in the heart of JLT free [...]
Industry News
Dubai Diamond Exchange Board Holds Inaugural Meeting to Review Strategy for Enhancing Role in Global Diamond Trade
The newly appointed board of directors of the Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre (DMCC), has 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 [...]
Industry News
Dubai to host 2011 Presidents’ Meeting of World Federation of Diamond Bourses
In a move to strengthen its position as a growing centre of diamond trade, Dubai will host the Presidents’ Meeting of the World Federation of Diamond Bourses (WFDB) in 2011. This announcement was made by Dubai Multi Commodities Centre (DMCC). The 2011 Presidents’ Meeting will be hosted by Dubai Diamond Exchange, following the 2010 World [...]
Africa
Kimberley Process Review Mission Final Report Hints at Zimbabwean Diamonds Travelling to Cutting Factories via Mozambique
The final report of the Kimberley Process Review Mission to Zimbabwe notes that the team conducting the Review Mission consistently received reports that diamonds from Marange typically exit Zimbabwe via the nearby border with Mozambique, where significant illicit buying and trading operations are underway.
The team also received reports subsequent to the mission indicating that [...]
Africa
Zimbabwe Cited as ‘Distraction’ for Kimberley Process Participants in Continued Uninhibited Rough Diamond Trade From Ivory Coast
A new United Nations report to the Security Council by the Group of Experts monitoring sanctions on the Ivory Coast has found that the
extraction of diamonds continues unabated in northern Côte d’Ivoire. The report describes this continued mining as ‘the foremost challenge facing the embargo on rough diamond exports from Côte d’Ivoire’, noting that the [...]
Company News
International Accounting Firm PWC Appointed to Examine Unauthorized Transactions at Damas International
The Board of Damas International Limited has appointed PricewaterhouseCoopers(PWC) as an independent auditor to examine the unauthorized transactions conducted by former CEO and Managing Director Tawhid Abdulla.
The appointment of PWC follows the formation of a separate committee, by the Board of Directors, to examine these transactions in detail. The committee consists of Chairman Tawfique Abdulla, [...]
Industry News
Dubai Diamond Exchange New Board of Directors Composed of High-Profile Industry Members
The Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre (DMCC), has appointed a new Board of Directors composed of high-profile members of the international, regional and local diamond and jewellery industry. The primary role of the DDE Board of Directors is to attract new business to Dubai and to elevate further the [...]
Canada
Malcolm Wall Morris Appointed as DMCC CEO
Dubai Multi Commodities Centre (DMCC) has appointed Malcolm Wall Morris, formerly Chief Executive Officer of the Dubai Gold & Commodities Exchange (DGCX), as its new Chief Executive Officer. Mr. Wall Morris replaces Dr. David Rutledge, who is retiring after more than six years of service at DMCC, including the previous five as Chief Executive Officer. [...]
Miscellaneous
2008 Global Diamond Production Down 3% From 2007; Value Up by Nearly 7%; Kimberley Process Certification Levels Down by About a Quarter
Despite the turbulent effects on the global diamond industry due to the global financial crisis, global diamond production figures are only slightly down (just 3%) for the year 2008 compared to 2007. Despite this slight drop in production levels, the value of the production increased by 6.7%, with the average per carat value increasing by [...]
Industry News
Middle East’s 1st Diamond Boiling Facility Establishes Operations in Dubai
In a move to address the growing needs of its member base, Dubai Diamond Exchange (DDE) announced that Diamond Boiling Facility DMCC (DBF) has set up a state-of-the-art boiling facility in the Almas Tower.
Boiling is a process used to remove dirt and trace materials from rough and polished diamonds, allowing diamonds to reach their highest [...]
Industry News
DMCCA Sets Jumeirah Lakes Towers Plan for Members
Registered member companies of Dubai Multi Commodities Centre (DMCC) can now be part of the fast-growing commodities community at Jumeirah Lakes Towers (JLT), with direct and immediate access to all commodity-related facilities being offered by the Centre.
According to an announcement from DMCC, all member companies, including those awaiting membership approvals, will be brought together to [...]
