DMCC Launches 'Master Plan' for Dubai's Diamond Industry
The Dubai Multi Commodities Centre (DMCC) has launched a 'master plan' to further develop a service economy through supporting the diamond trade.
According to a DMCC press release issued February 27, the master plan aims to implement a three-pronged strategy for business development, trade support and the creation of an interface to structure market interaction in the diamond sector in Dubai.
The master plan will be implemented with the co-ordination of newly appointed executive director form diamonds and colored stones, Peter Meeus. He will be assisted by Youri Steverlynck, who was recently appointed as the new CEO of the Dubai Diamond Exchange.
As part of the master plan, the DMCC will develop tailor-made solutions for producers of rough diamonds to market their production through Dubai. DMCC will also undertake initiatives to make additional finance available to the diamond trade. The strategy includes plans to develop industry specific forums, including a business to business (B2B) trade fair for the international diamond community, effectively positioning Dubai as a global hub for this growing sector.
According to the DMCC press release, some of the diamond-industry related services in DMCC’s pipeline include establishing its own diamond-grading laboratory and a diamond academy. The academy will tie-up with reputed institutions to offer a complete range of training programs for the diamond industry across the entire value chain from identification and grading to manufacturing. The initiatives are expected to actively stimulate the development of a specialized servicing economy to the trade. Source
According to a DMCC press release issued February 27, the master plan aims to implement a three-pronged strategy for business development, trade support and the creation of an interface to structure market interaction in the diamond sector in Dubai.
The master plan will be implemented with the co-ordination of newly appointed executive director form diamonds and colored stones, Peter Meeus. He will be assisted by Youri Steverlynck, who was recently appointed as the new CEO of the Dubai Diamond Exchange.
As part of the master plan, the DMCC will develop tailor-made solutions for producers of rough diamonds to market their production through Dubai. DMCC will also undertake initiatives to make additional finance available to the diamond trade. The strategy includes plans to develop industry specific forums, including a business to business (B2B) trade fair for the international diamond community, effectively positioning Dubai as a global hub for this growing sector.
According to the DMCC press release, some of the diamond-industry related services in DMCC’s pipeline include establishing its own diamond-grading laboratory and a diamond academy. The academy will tie-up with reputed institutions to offer a complete range of training programs for the diamond industry across the entire value chain from identification and grading to manufacturing. The initiatives are expected to actively stimulate the development of a specialized servicing economy to the trade. Source
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