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NY DDC, Dubai Multi Commodities Centre to Boost Trade

Jun 20, 2012 3:53 PM   By Jeff Miller
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RAPAPORT... Ahmed Bin Sulayem, the executive chairman of the Dubai Multi Commodities Centre, and Reuven Kaufman, the president of the New York Diamond Dealers Club (DDC), announced an agreement to cooperate on a broad range of issues affecting their memberships.  The two industry bodies have agreed to regular exchanges of trade delegations between the two centers, commencing with a New York delegation visit to Dubai in the fall.

According to Kaufman, the fall trade mission is for the mutual buying and selling of diamonds, an exchange that should prove beneficial for members of the industry in both centers.  Additionally, the trade mission would facilitate the development of long-term business relationships among the participants.

Sulayem provided DDC leadership with a comprehensive review of diamond business opportunities in Dubai.  He said that he welcomed the opportunity to host a trade mission of diamantaires from New York and that he looked forward to working closely with the DDC and its membership on their joint agenda.

In addition to Sulayem, members of the Dubai delegation included Malcolm Wall Morris, the chief executive of the Dubai Multi Commodities Centre, and Peter Meeus, the chairman of the board of the Dubai Diamond Exchange.  Kaufman was joined by DDC officials including the club's vice president, Basant Johari, secretary, Benny Simkhai, treasurer, Jacob Zupnick, and managing director, Martin Hochbaum.

Tags: club, delegation, diamond dealers, Dubai, Jeff Miller, multi-commodity, new york, trade
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