The Dubai Diamond Exchange (DDE), which is the trading platform of the Dubai Multi Commodities Center (DMCC), has provided its premises for a meeting of bank executives organized by De Beers to inform these representatives of the banking sector about the financing of the diamond industry in the UAE.
The meeting with the heads of banks was conducted by the head of De Beers commercial department Howard Davies. He said: "Demand for diamonds will grow because of improved economic performance in the US and China and the continued growth of emerging markets.In addition, online trading is becoming more attractive to buyers." It is time for banks and financial institutions to invest in the diamond industry to provide it further growth. "
"The seminar that took place today in Dubai is an important milestone in the development of the relationship between the leaders of the diamond industry and the banking sector of the Arab Emirates.The goal was not only to attract investment in the diamond sector but also to understand how financiers and bankers can contribute to the growth of the entire industry "said Sonu Parikh, CEO of Diarough.
"At the moment, we are seeing an excellent opportunity to invest in the diamond industry, which has been presented to regional banks in the light of recent changes in a number of key financial players in the diamond sector, which is why we are grateful to De Beers for informing local banking organizations about the financial opportunities of our industry in this region "- says Franco Bosoni (Franco Bosoni), Director of the Goods Services DMCC.
The Dubai Diamond Exchange is the trading platform of the Dubai Commodity Exchange Center and one of the leading diamond trading centers. All that can be required for activities in this area can be found under the same roof in DDE.