The Dubai Multi Commodities Centre (DMCC) and World Diamond Mark (WDM) have signed a Memorandum of Understanding (MoU) to increase sustainable consumer appeal and confidence in diamonds and the jewellery industry. The DMCC will support WDM’s objectives to ensure the health and future growth of the diamond and jewellery industry in core consumer markets, and WDM will recognise DMCC as a member and partner for WDM project implementation in the Gulf region.
Gautam Sashittal, Chief Executive Officer, DMCC observed that DMCC and Dubai have grown into one of the world’s top three diamond centres over the past decade, and will cooperate with producing and consuming nations, which will increase flow of trade through Dubai. He saw great potential in the partnership World Diamond Mark.
Alex Popov, Chairman, WDM on the other hand added, “DMCC has enabled Dubai to become a leading diamond and jewellery hub with over 1,000 key member companies. Their support will be pivotal as we look to roll out our initiative to other regions in 2014.” Ahmed bin Sulayem, Executive Chairman of DMCC congratulated Alex Popov for leading this initiative and looked forward to working closely with him in making it a success.
Aruna Gaitonde, Rough&Polished correspondent in India
