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Press Release: Dubai Conference Focuses on Importance of African Trade

Apr 21, 2015 10:34 AM   By DMCC
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Press Release:  The Dubai Diamond Conference, which opened this morning at the Almas Conference Centre, Almas Tower, was attended by more than 500 delegates who heard Dr. Ahmed Albanna  highlight the increasing importance of economic and diplomatic ties between the U.A.E. and the nations of Africa.

Among the key points discussed were the $18 billion of non-oil trade between the U.A.E. and Sub Saharan Africa, the U.A.E.’s membership of the African Union and the growing diamond trade.  dubai

In keeping with Albanna’s speech, the two-day diamond conference brought together international leaders of the diamond industry from a host of African ministers and traders, to financiers and world-renowned jewelers. The program will draw upon the delegates’ vast range of experience and perspective to fuel dynamic discussions and stimulate innovation and growth in the diamond industry in Africa, the Middle East and Asia.

Ahmed Bin Sulayem, the executive chairman of the Dubai Multi Commodities Centre (DMCC), highlighted the growth in the Dubai diamond trade, which surged from around $5 million in 2002 to a value of $30 billion today.

Bin Sulayem said,  “We are pleased to welcome so many important ministers from Africa, diamantaires, traders and experts to the Dubai Diamond Conference to discuss the growing importance of the trading routes between Africa, Dubai and Asia. This two-day event is the highlight of the global diamond calendar, which befits Dubai’s position among the top three diamond centers of the world.”

The conference includes a series of five panel discussions: Retail in Challenging Markets, Africa First, Ethical Trade, Synthetics and Diamond Financing.

In addition to Albanna and Bin Sulayem, speakers at the conference include former E.U. President Herman Van Rompuy,  South Africa's Minister of Mineral Resources, Ngoako Ramatlhodi, Angola's Minister of Geology and Mines, Francisco Queiroz, Zimbabwe's Minister of Mines and Mining, Walter K. Chidhakwa, De Beers executive vice president of sightholder sales, Paul Rowley, Endiama's CEO, Carlos Sumbula, Dimexon's CEO, Vishal Mehta, ALROSA's executive vice president, Andrey Polyakov, Mbada Diamonds' chairman, Robert Mhlanga, Dubai Diamond Exchange's chairman, Peter Meeus, and the country director for the Kimberley Process in U.A.E., Maryam Al Hashemi.
DMCC -- Made For Trade

DMCC is dedicated to enhancing Dubai’s position as the global gateway for commodity trade. The most successful markets create conditions that enable producers, traders and consumers to thrive. DMCC is a government authority committed to developing these ideal conditions for trade and enterprise. DMCC  has a strong track record in commodity trade facilitation and we encourage and support business through the platforms we provide. These include our Free Zone, commodity exchanges, legal and regulatory frameworks and our strong real estate offering. As part of our DMCC Free Zone expansion strategy to provide large corporates with a commercial property offering unique to the Dubai marketplace,  DMCC is developing the Burj 2020 District with the world’s tallest commercial tower, the Burj 2020, as its centerpiece. For more information, visit

The Dubai Diamond Exchange (DDE) is a DMCC platform and a leading diamond center based in the Almas Tower. From buyers to sellers to service providers, everything the industry require in terms of infrastructure and a marketplace is available under one roof in a secure environment at Almas Tower including: DDE, vaulting, boiling, polishing, certification, transport and logistics services and the Kimberley Process Certification Scheme.  Dubai’s strong leadership and vision has enabled the Emirate to quickly transform itself into a key link in the global transport and distribution system. Since its inception in 2002, DMCC has successfully established Dubai as the global gateway for commodities trade by building and enhancing its physical and financial infrastructure, regulatory standards, products and services, including the launch of the DDE and the Dubai Gold and Commodities Exchange (DGCX). This has positioned Dubai as one of the world’s leading diamond centers.

Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.

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Tags: conference, diamond, DMCC, Dubai, event
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