DMCC’s Dubai Diamond Exchange (DDE) announces new Board of Directors

Dubai Diamond Exchange (DDE), a DMCC platform, and the only bourse in the Middle East affiliated with the World Federation of Diamond Bourses (WFDB), has elected its new Board of Directors with Dubai Diamond Exchange Chairman, Ahmed Bin Sulayem, at the helm.

“The Dubai Diamond Exchange has rapidly grown to a focal point for the global diamond trade with over 1,000 members and monthly tenders further connecting producers and buyers fuelling further growth. We welcome the newly elect Board of Directors to the DDE who will bring in fresh views and expertise to further boost our key strategic goals, particularly around rough and polished diamond tenders, to elevate our diamond marketplace for the benefit of Dubai and the industry world-wide”, said Ahmed Bin Sulayem, Executive Chairman, DMCC and DDE Chairman.

The newly elect DDE Board of Directors are:

Chairman- Ahmed Bin Sulayem, Executive Chairman, DMCC

Directors-  Amit Dhamani, CEO and Managing Director, Dhamani Jewels

Davy Blommaert, Unit Head Precious Metals & Diamonds, National Bank of Fujairah

Gautam Sashittal, CEO, DMCC

Maryam Al Hashemi, Director of the UAE Kimberley Process Office

Mike Aggett, General Manager, TAGS

Rihen Mehta, Chairman, 7 Cs Group

Sanjeev Dutta, Executive Director – Commodities, DMCC

 “The Dubai Diamond Exchange sits at the heart of the region’s diamond trade and offers a significant contribution to the United Arab Emirate’s national economic diversification strategy. There are many factors driving the success of the Exchange but none more so than its ability to listen to the needs of the market and adapt accordingly. The announcement today is testament to that, and the DDE Board of Directors is all set to drive continued growth of the Exchange and deliver world-class services for all its members and affiliates,” said Gautam Sashittal, chief executive officer, DMCC.

“DMCC is all about creating and growing marketplaces for commodities trade which in turn has enabled Dubai to secure its position as one of the world leading physical gold markets, and one of the top three hubs for the diamond trade. That is why we continue to innovate, and push boundaries for market participants regionally and internationally”, Bin Sulayem concluded.

DMCC is heavily investing in infrastructure and products the Region needs to flourish and trade with confidence. Its derivatives exchange for example, the DGCX also recently announced (29 March) the listing of GCC’s first and the world’s only Shari’ah Compliant Spot Gold contract (DGSG). The DGCX was also the first to open up access to the Chinese Bullion market with the historic launch of Shanghai Gold Futures in 2017.

Courtesy: Retail Jeweller India news service/ Image: Retail Jeweller India news service