GJ Town India

Ahmed Sultan Bin Sulayem felicitates for the year 2021    The Jewellery World Awards (JWA) awarded KGK Group Chairman Navrattan Kothari with the laureate of the Jewellery World Awards' highest honour, the Lifetime Achievement Award, for the year 2021 on 21 February in Dubai by Ahmed Sultan Bin Sulayem who is an Executive Chairman of DMCC in the esteemed presence of industry stalwarts.   Kothari has been working persistently in the business since the 1960s, not only to raise the KGK Group but also to inspire excellence in the jewellery and gemstone sector. He is a pioneer in the sector, and his experience and knowledge have made a significant contribution.   He is the one who is behind the expansion of his family's gemstone trading company into a worldwide conglomerate that encompasses the whole spectrum of mining, sourcing, production, distribution, and retailing of Color Gemstones, Diamonds, and Jewellery. KGK Group is also actively engaged in numerous philanthropic end

Social responsibility, transparency, compliance and full disclosure   The World Federation of Diamond Bourses (WFDB) concluded a very successful Presidents’ Meeting at the DMCC in Dubai last week, during which the organization adopted a resolution in support of social responsibility, transparency, compliance and full disclosure. This was also the first time that representatives of the Young Diamantaires were invited to join the Executive Committee meeting and Working Session.    The Opening Session on February 24 featured keynote speaker Angola Minister of Mineral Resources, Petroleum and Gas, HE Diamantino Pedro Azevedo. Other speakers included host DMCC Executive Chairman Ahmed Bin Sulayem, Alrosa Head of International Relations Peter Karakchiev, De Beers CFO Midstream Susanne Swaniker, CIBJO President Gaetano Cavalieri and WDC President Edward Asscher. Yoram Dvash called on the diamond industry to adopt the principles of social responsibility and transparency for the good of the

Learning opportunities for jewellery professionals   Click the Link:    http://www.thenewjewelleruae.me/Top_Stories/MoU_with_Pearson.html  

IDE & DMCC inks strategic accord!   In the wake of the agreement to normalize relations between Israel and the United Arab Emirates, the Israel and Dubai diamond exchanges have signed a strategic agreement of collaboration to promote cooperation and dialogue between the two bourses. The signing ceremony took place this morning in a video conference between the two bourses.   As part of the agreement, the Israel Diamond Exchange (IDE) will open a representative office in Dubai and the Dubai Multi Commodities Centre (DMCC) will open an office in Ramat Gan with the purpose of promoting trade between the two countries and assisting with business requirements.   According to the agreement the two parties will share experience and knowledge, will work together to promote bilateral trading opportunities and will collaborate on exhibitions, visits and conferences to intensify ties. They will also promote collaboration between IDE members and the DMCC and DMCC members and the IDE. Mor

DMCC Tradeflow inks MoU with TradeAssets Dubai Multi Commodities Centre (DMCC), the world’s leading Free Zone for commodities trade and enterprise, announced today its collaboration with TradeAssets, the first blockchain-powered trade finance e-marketplace of its kind for banks. Through its collaboration with DMCC Tradeflow, a dedicated flexible and customised online platform for registering possession and ownership of commodities in the UAE, TradeAssets will gain access to a larger client base of institutional investors looking to mitigate risk when conducting online primary and secondary trade finance transactions. DMCC will also strategically assist TradeAssets with lead generation and business development, as well as help the digitally driven entity in identifying potential eligible financial partners. Sanjeev Dutta, ‎Executive Director, Commodities and Financial Services, DMCC, said: “DMCC is committed to driving global trade flows through Dubai and ensuring tha

Gold Price Outlook would be focussed World Silver Survey would be unveiled! The Dubai Precious Metals Conference (DPMC) 2019 is ready to open on April 10 & run until 11 at Atlantis, The Palm-Dubai. The arena is ready highlight its’ theme, Unlocking Growth in Global Precious Metals, where industry experts from all over the world will discuss key topics: 1: Central Banks' Approach to Gold, 2: Emerging Technologies Affecting Precious Metals Industry, 3: Mining and Return of Hedging, 4: Jewellery - Relevance in the Changing Landscape and 5: Opportunities and Challenges in White Metals! Central Banks Approach to Gold, this panel will discuss the impact of factors such as loss of faith in fiat currencies, trade spats and safe-haven aspects of gold in influencing Central Banks’ approach to gold and what course it might take going forward, given preference of certain central banks in increasing their gold reserves lately. Emerging Technology Affecting Precious Me

New products will go live on Friday 22nd March 2019 The Dubai Gold & Commodities Exchange (DGCX) and Dubai Commodities Clearing Corporation (DCCC) announced an expansion to their existing portfolio of metals products with the launch of new base metal products. The two new products will go live on Friday 22nd March 2019. The new products will provide investors with an opportunity to mitigate the risks involved in the base metal markets and appeal to global participants by enabling them to hedge prices efficiently. The size of each Futures contract will be 5 metric tons (MT), denominated and traded in US dollars. Les Male, CEO of DGCX, commented: “We are excited to introduce new products to meet the ever-growing needs of our member community. The imminent launch of these two products is a response to growing demands and investor feedback and will play an important role in the DGCX Group’s growth strategy moving forward. We are confident that they will further s

Trade and Investment Attache of Sierra Leone to the UAE takes tour of DMCC Executive Chairman, Ahmed Bin Sulayem welcomed to Almas Tower this morning the Trade and Investment Attache of Sierra Leone to the UAE, HE Samuel Kaikai. His Excellency – visiting DMCC for the first time – was accompanied by a team of senior officials for a tour of the world’s leading free zone and a series of meetings. The delegation received a briefing on the growing number of African firms joining the free zone, and the impact of the Made For Trade Live road show which raises awareness of DMCC in strategically important trade markets. The delegation was taken to the trading floor of the Dubai Diamond Exchange (DDE) to witness a live auction of rough diamonds and discuss Dubai’s leading role in facilitating international diamond trade.  The Executive Chairman emphasised DMCC’s commitment to attract, facilitate and promote global trade and willingness to support ambitious firms from Sierra

Over 300 industry experts are expected The Global Commodity Outlook Conference (GCOC) returns for its sixth edition at DMCC, the world’s leading Free Zone for commodities trade and enterprise in Dubai, and Richcomm Global Services, the Dubai-based international commodity services company, announce partnership to stage the sixth edition of the GCOC. Held under the theme: Seeking Alpha – Investing in Commodity and Alternative Assets, the event takes place on 10 February 2019 at the Almas Conference Centre (ACC) in Almas Tower, Dubai, and is held in collaboration with DGCX (Dubai Gold and Commodities Exchange), the regions largest and most diversified derivatives bourse.   “2018 was a particularly volatile year for the global commodities market owning largely to rising trade tensions, slowing global growth and significant blows to investor confidence. Shifting patterns of demand and policy are likely to persist in 2019 however, this presents both risk and opportunity th

8th edition DPM Conference On 10 – 11 April 2019 DMCC announces to organise the 8th edition of the annual Dubai Precious Metals (DPM) Conference taking place on 10 – 11 April 2019.   This year’s conference commences with a cocktail reception, followed by a power-packed programme of panel discussions and concludes with a Gala Dinner – the perfect way to unwind and network with fellow delegates. Dubai, known as the City of Gold, has transformed itself into a leading international gold trading centre in the world. DMCC is dedicated to promoting and developing the gold trade in Dubai, which acts as a crucial gateway between the producing countries, the major manufacturing centres and the largest consuming markets in the world. DMCC is at the centre of global trade.  Headquartered in Dubai, it is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities.  Whether developing vibrant neighbourhoods with world-class property l

Global Commodity Outlook Conference VI on February 10 Richcomm Global Services and Dubai Multi Commodities Centre (DMCC) announce Global Commodity Outlook Conference VI on 10 February 2019 at Almas Conference Center, Dubai from the Investing in Commodity and Alternative Assets perspective!   Commodity traders, fund managers, chief investment officers, investment consultants, family offices, high net individuals and industry players who want to understand the trading and investment opportunities in commodity markets are being invited. Richcomm Global Services and Dubai Multi Commodities Centre invite you to participate in the only commodity centric forum to discuss and debate opportunities in this field.  Meet industry experts from across the commodity spectrum, investment and asset managers, regulators and service providers and engage in a strategic debate to identify the strategies that work for you! The conference covers a broad range of commodity fields from

To be held on 8 at, Armani, Burj Khalifa DGCX-IBMC UAE Africa Gold Convention 2019, is a high level International event attended by Diplomats, Ministers, top Industry Leaders from  gold mines, refineries, jewelers, traders, import export companies from UAE and Africa is to be held on January 08, 2019 at, Armani, Burj Khalifa, Dubai, organised by DGCX & IBMC.   The primary objective of the event is to showcase the entire gamut of Gold trade and business activities in UAE and explore potential opportunities available to Gold businesses based in the continent of Africa and UAE. With greater focus on diversification of the business in the country and the region, the gold industry will have a greater role to play in the non-oil business in the UAE. This initiative will provide even greater support to African Gold mines, exporters and traders to explore UAE business and trade opportunities. With expected industry-wide participation, the conference is expected to act a

DMCC, the fourth trade body  joining MyKYCBank The Dubai Diamond Exchange (DDE)-a subsidiary of DMCC (Dubai Multi Commodities Centre) – signed a service agreement to join the MyKYCBank platform of the Gem & Jewellery Export Promotion Council. Mr. Ahmed Bin Sulayem, Executive Chairman of DMCC, and Chairman of DDE, and Mr. Pramod Kumar Agrawal, Chairman, GJEPC, were present at this momentous occasion.   The agreement enables DMCC members trading in diamonds, gold and precious stones to join the MyKYCBank platform. DMCC will be the fourth trade body to join MyKYCBank, following GJEPC, Bharat Diamond Bourse and the Antwerp World Diamond Council. The MyKYCBank platform provides a centralized global platform for companies in the Gems and Jewellery (G&J) industry (including gold, diamonds, precious stones and Jewellery) to complete, manage and share their KYC information so as enable them to meet their obligations under the anti-money laundering AML laws of their res

DDE total sales are up by 70% YoY DDE and Stargems Group hosts six tenders The Dubai Diamond Exchange (DDE), a subsidiary of DMCC, the world’s flagship Free Zone and Dubai government authority on commodities trade and enterprise, in collaboration with Stargems Group, today announced the completion of six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company) with over 2 million carats sold. The tenders were held at the Almas Tower with around 200 diamond companies in attendance and were facilitated by the Dubai Diamond Exchange in a secure, transparent and regulated environment.   Earlier this year, DMCC signed a strategic partnership with Stargems, specialised in the sourcing and supply of fine diamonds, to host a series of rough diamond tenders. The agreement enables members, miners and suppliers from around the world to trade and distribute rough diamonds at Stargems’ events hosted at DDE’s headquarters in Almas Tower. The six t