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Dubai Diamond Exchange Sets Financing Seminars

Oct 8, 2015 2:27 AM  
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RAPAPORT... The Dubai Diamond Exchange (DDE) will hold an inaugural series of seminars to raise awareness of diamond-financing options and explore ways in which the emirate’s trade infrastructure and financial institutions can support the industry.

The first of three Dubai Diamond Finance seminars will be organized at the Almas Tower in Jumeirah Lakes Towers on October 25. The event will host representatives from diamond manufacturers, including Dilip Mehta, chief executive officer of Rosy Blue, and Aditya Gandhi, director of Azure Diamonds.

While “there is a drought when it comes to finance options available to diamond buyers on a global scale," local lenders in Dubai are making finance options available, Mehta said.

Davy Blommaert, unit head for precious metals and diamonds at the National Bank of Fujairah, and Peter Meeus, executive chairman of the Dubai Diamond Exchange, will chair the discussions.
Tags: , Banks, Dubai, Dubai Multi Commodities Centre, financing
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