Dubai Diamond Exchange of DMCC set to host six tenders

Dubai Diamond Exchange of DMCC set to host six tenders

Dubai Diamond Exchange of DMCC set to host six tenders

an hour ago

All tenders will be held under strict health and safety measures implemented by DMCC.

DMCC, the Free Zone and Government of Dubai Authority on commodities trade and enterprise, will host six diamond tenders in its Dubai Diamond Exchange (DDE), the world's largest diamond tender facility, in January 2021. This follows a record-breaking tender hosted in December 2020, which saw the largest ever rough diamond tender sales in the UAE, in a sign that the industry is regaining momentum.

Throughout the month, three new companies will be hosting tenders on the new DDE's floor for the first time - IHenning, KOIN International and Choron / Bonas Group - in addition to regular long-term hosts Trans Atlantic Gems Sales (TAGS), Stargems and Rapaport.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, "At the start of a new year, we are pleased to be welcoming diamond traders to Dubai to participate in a series of rough diamond tenders, in what we believe is a boost of confidence for the industry. The Emirate's strategic location and the tailor-built diamond ecosystem DMCC has developed over the years place us in a position