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New York, Shanghai Bourses to Work More Closely
Sep 13, 2017 8:49 AM
By Rapaport News
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RAPAPORT... The Diamond Dealers Club of New York (DDC) and the Shanghai
Diamond Exchange (SDE) have agreed to enhance their relationship and create
extra trading opportunities for members. Reuven Kaufman, president of the DDC (pictured, left), and Lin Qiang, his
counterpart at the SDE (right), signed a memorandum of understanding Monday following a
meeting of the World Federation of Diamond Bourses (WFDB) in Macau, the DDC
said in a statement Tuesday.
The two parties agreed to create new business contacts and share
information on market developments. They will also establish trading weeks in
both bourses, with a delegation from the SDE due to visit New York for the
inaugural China Diamond Week at the DDC.
The move comes after the DDC relocated to more modern premises in New York’s
International Gem Tower in June from its previous home on 580 Fifth Avenue.
“We sincerely
appreciate the friendship of the SDE throughout the years and look forward to
learning from each other, and most importantly, doing more business together,”
Kaufman said. “We are excited in the coming months to open up our new and
state-of-the-art trading floor to delegations from China and all over the
world. We are encouraged by their renewed interest and recognition of the
vitality of the New York diamond market.”
Qiang said the new DDC trading floor would be an “attractive
venue” for the Shanghai bourse’s members.
“We are sure WFDB organizations from all over the world will
capitalize on this opportunity to create new ways to work with the trade in New
York,” Qiang added.
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Tags:
asia, China, China Diamond Week, DDC, Diamond Dealers Club of New York, International Gem Tower, Lin Qiang, macau, new york, Rapaport News, Reuven Kaufman, SDE, shanghai, Shanghai Diamond Exchange, US, WFDB, World Federation of Diamond Bourses
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