The Dubai Diamond Exchange has expanded its membership to include retailers throughout the region. Through this service, DDE becomes a single market interface for all diamond traders, including wholesalers, retailers, and ancillary services providers. Its new brand identity was unveiled Monday at a trade launch.
“Today, the Middle East is the third largest market for diamond jewelry in the world,” said Ahmed bin Sulayem, Dubai Multi Commodities Centre and DDE deputy chairman. “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, a subsidiary of DMCC, has developed additional services to meet the needs of wholesalers and retailers, including the DDE Diamond Academy, intended to enhance industry knowledge and best practice across the diamond and jewelry value chain, through short-term technical and commercial training programs. DDE also introduced a Digital Diamond Exchange, providing access to specialized 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, designed to provide companies with easy access to other trade service providers and connect people across the industry.