Dubai Multi Commodities Centre (DMCC), the international business district that drives the flow of global trade through Dubai, has announced a new memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two bourses, expand opportunities for their respective members and reinforce collaboration across the international diamond and gemstone trade.

The parties note that the MoU establishes a framework for closer cooperation between the two organisations, with a focus on promoting responsible trade, facilitating commercial opportunities, encouraging knowledge exchange and strengthening links between members.

The partnership will also support dialogue on issues affecting the international diamond industry, helping both bourses respond to an increasingly interconnected and rapidly evolving global marketplace.

At a time when the international diamond industry is placing renewed emphasis on collaboration across trading centres, the parties note that the agreement reflects a shared commitment to strengthening relationships between World Federation of Diamond Bourses (WFDB) members and supporting a more connected global trading network.

The agreement was signed by DDE chairperson Ahmed Bin Sulayem and LDB president Charlotte Rose.

“The DDE was built on the belief that connecting markets creates opportunity. This partnership with the LDB reflects that philosophy, bringing together two major diamond trading centres to strengthen collaboration and expand opportunities for our respective members.

“The future of our industry will not be built by individual markets acting alone. By working more closely together, we can establish a stronger network of trusted trading centres, sharing expertise, upholding recognised standards and reinforcing confidence and growth across the global diamond trade,” says Bin Sulayem.

“There is no better partner for the LDB to begin this new chapter with than the DDE. As a fellow member of the WFDB, the DDE shares our commitment to trusted, well-governed trading, and this agreement opens real opportunities for members on both sides. I’m looking forward to seeing where this partnership takes us,” says Rose.

Established in 2004, the DDE is the only bourse in the Gulf Cooperation Council affiliated with the WFDB.