https://www.miningweekly.com

Alrosa, Dubai trader strengthen ties

15th June 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – The Dubai Multi Commodities Centre (DMCC) and Russian diamond miner Alrosa have agreed to enhance diamond trade cooperation.

The parties discussed options for expanding Alrosa’s trading activities at the Dubai Diamond Exchange – a DMCC entity – as well as agreements on enhanced efforts to stem the flow of undeclared synthetic diamonds entering the marketplace.

“With a relationship that spans 15 years, DMCC is delighted to strengthen its collaboration with Alrosa. As the fastest-growing Free Zone and the third-largest diamond trading centre in the world, Alrosa leverages DMCC and Dubai as a trading hub,” said DMCC chairperson Ahmed Bin Sulayem.

Alrosa’s recently appointed president Sergey Ivanov added that Dubai was one of the world's leading diamond trading centers. In 2016, Alrosa sold rough diamonds worth $259.5-million to companies in the United Arab Emirates.

Alrosa's affiliate Arcos East DMCC has also been successfully operating at the Dubai Diamond Exchange.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.149 0.184s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: