In the largest diamond tender in the country
Dubai sees 379.9 thousand carats of rough diamonds sold for 321 million dirhams
The tender allowed dealers to bid for the purchase of rough diamonds from South Africa and Angola.
From the source
The Dubai Multi Commodities Center, the global free zone and authority of the Dubai government in the field of commodity trade and enterprise, has announced its success in hosting the largest diamond tender ever in the UAE.
According to a statement issued yesterday, the tender witnessed the sale of 379 thousand and 912 carats, valued at $ 87.47 million (321.29 million dirhams), by 115 winning dealers, with the participation of more than 250 companies and 500 individuals from around the world, in addition to delegations from India, Hong Kong, and Russia. And Israel, Belgium, and Lebanon.
According to the statement, the "Star James" company at the Dubai Multi Commodities Center managed and organized this record bid, which allowed dealers to participate over a period of eight days, to submit bids, to buy rough diamonds coming from South Africa and Angola.
Confidence in the sector
Ahmed Bin Sulayem, Chief Executive Officer and CEO of the Dubai Multi Commodities Center, said that despite the obstacles imposed by the "Covid-19" pandemic, this record-breaking tender played a pivotal role in establishing confidence in the entire sector, as it confirmed the resilience and resilience of the diamond sector. in Dubai.
He added, “Thanks to the strategic location of the DMCC, its unique position at the crossroads of global trade routes, and its sophisticated infrastructure, Dubai is gaining great momentum as a prominent center on the global trade map.
In light of this, we are optimistic about the future of the sector, ”he said, expressing his confidence that Dubai is on the right track to become a leading global center in the diamond trade.
"We are pleased to organize the largest tender for rough diamonds in the UAE, and we look forward to organizing more tenders in Dubai during 2021," said Star James Group Chairman Shalish Jafery.
Diamond center
The statement emphasized that DMCC was keen to implement a strict package of health and safety measures during the bidding period, including social distancing practices, and regular hygiene and sterilization procedures.
In line with its vision of attracting and paving the way for new trade flows and stimulating them from the emirate of Dubai, DMCC plays a pivotal role as it is a key pillar in establishing Dubai's position as a center for the diamond trade.
The Dubai Diamond Exchange is the largest facility for hosting diamond tenders, providing registered companies and experts with a world-class, advanced infrastructure supported by a broad portfolio of products and services with the aim of continuing growth and stimulating trade flows based on solid and reliable foundations.
Follow our latest local and sports news, and the latest political and economic developments via Google news