RAPAPORT… The Dubai Multi Commodities Centre (DMCC) announced that operations for the Kimberley Process Certification Scheme in the United Arab Emirates (UAE) have expanded, with the opening of an office at Almas Tower in Dubai. This location will support diamond traders by authenticating the ethical sourcing of rough diamonds traded via Dubai, stated DMCC spokespersons.
The Kimberley Process office that is under DMCC management is the only entity authorized in the UAE to certify imports and exports of rough diamonds, a process that was delegated to the DMCC by the UAE ministry of economy. Ahmed bin Sulayem, executive chairman of DMCC, said, “As the newest hub for the commodity trade, Almas Tower was designed to become a one-stop shop for all diamond-trade-related requirements. Its state-of-the-art facilities for security and storage, as well as the Dubai Diamond Exchange, Transguard Group and Brinks, being located in the same premises, will make it a more practical platform for diamond traders to grow their business. It is only natural that the Kimberley Process offices should be housed at Almas Tower within the heart of diamond-trade activity. This will serve to further boost the ease and confidence of traders in the ethical trade of diamonds.”
Maryam Al Hashemi, local director for the Kimberley Process, said, “Over the past six years since opening the first Kimberly Process office in Dubai, we have seen the rough diamond trade increase in leaps, for exports and for imports. The significant rise in trade opportunities has necessitated the opening of a second office at Almas Tower. This will also place us in a stronger position to cater to the growing needs of diamond members here in the UAE.”