ALROSA and DMCC Heads Discuss Cooperation in Moscow Meeting

By Albert Robinson / June 14, 2017 / / Article Link

(IDEX Online) - ALROSA President Sergey Ivanov and Executive Chairman of the Dubai Multi Commodities Centre (DMCC) Ahmed Bin Sulayem have agreed to enhance diamond trade cooperation.

At a working meeting in ALROSA's headquarters in Moscow, Sergey Ivanov and Ahmed Bin Sulayem discussed options for expanding ALROSA's trading activities at the Dubai Diamond Exchange, a trading platform within DMCC. The parties also agreed to step up the fight against undeclared synthetic (lab-grown) diamonds.

"Dubai is one of the world's leading diamond trading centers. In 2016 alone, ALROSA sold rough diamonds worth $259.5 million to companies - residents of the United Arab Emirates. ALROSA's affiliate Arcos East DMCC has been successfully operating at the Dubai Diamond Exchange, and we are certainly interested in wider cooperation with our partners from DMCC," noted Sergey Ivanov.

The ALROSA president accepted an invitation to attend the Dubai Diamond Conference 2017 and to visit the DMCC.