Middle East-China Summit Attracts Numbers, Names

The Dubai Multi Commodities Centre said it received an “overwhelming response” to the inaugural Middle East-China Diamond and Jewellery Summit.

More than 500 diamond traders, retailers, and stakeholders of the jewelry industry have confirmed their participation for the summit, being held at the Atlantis Hotel, The Palm Jumeirah (pictured), Dubai, Nov. 8-9.

The summit has attracted tremendous attention from the key global diamond trade hubs, organizers said. These include 70 Chinese companies, more than 150 delegates from Europe and India, and more than 280 participants from the Middle East–including Saudi Arabia and the UAE. 

“The global financial crisis is forcing companies to explore new markets and opportunities, with a shift towards emerging economies in the Middle East, Asia, and Africa,” said Peter Meeus, executive director, Diamonds Division, DMCC. “Despite the global downturn, China and the Middle East continue to witness positive growth. By focusing on these new consumer markets, the summit will set the right tone in reaffirming the industry’s shift towards emerging economies.”

The two-day summit includes panel discussions by local and international retailers such as Damas International, Joy Alukkas, Chow Tai Fook, Chow Sang Sang, and Luk Fook. Top jewelry brands participating include Roberto Coin, Mouawad, and Christie’s.