ALROSA and DMCC Discuss Cooperation Prospects

Rough Market
15/06/2017 10:07

ALROSA President Sergey Ivanov and Executive Chairman of the Dubai Multi Commodities Centre (DMCC) Ahmed Bin Sulayem agreed upon enhancing cooperation in diamond trade, according to a press release from ALROSA distributed on Wednesday. At a working meeting in ALROSA’s headquarters in Moscow, Ivanov and 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 fight against undeclared synthetic diamonds.

“Dubai is one of the world’s leading diamond trading centers. In 2016 alone, ALROSA sold rough diamonds worth USD 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.