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Alrosa in Talks to Raise Dubai Rough Sales
Jun 14, 2017 8:56 AM
By Rapaport News
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RAPAPORT... Alrosa has agreed to work more closely with Dubai to expand
the Russian miner’s business in the emirate’s trading center.
Recently appointed Alrosa president Sergey Ivanov and Ahmed
Bin Sulayem, executive chairman of the Dubai Multi Commodities Centre (DMCC),
discussed options for increasing the rough producer’s trading activities at the
Dubai Diamond Exchange, a platform within the DMCC. The organizations also
agreed to step up their fight against undisclosed synthetics, Alrosa said
Wednesday following the executives’ meeting in Moscow.
“Dubai is one of the world’s leading diamond trading
centers,” Ivanov said, pointing out that the miner’s rough sales to companies
based in the United Arab Emirates totaled $259.5 million last year.
“Alrosa’s affiliate Arcos East DMCC has been successfully
operating at the Dubai Diamond Exchange, and we are certainly interested in
wider cooperation with our partners from DMCC,” he added.
Image: Panoramas
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Tags:
Ahmed Bin Sulayem, Alrosa, Diamond trade, DMCC, Dubai, Dubai Diamond Exchange, Dubai Multi Commodities Centre, Rapaport News, Sergey Ivanov, United Arab Emirates
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