Sunday , February 5 2023

Dubai is witnessing the sale of rough diamonds for 19 million dirhams


The Dubai Multi Commodities Center announced today the sale of an exceptional rough diamond weighing more than 100 carats for $ 5.218 million (about 19.1 million dirhams), as part of a record tender held at the Dubai Diamond Exchange.

The center said in a statement that the 118.58-carat type IIa diamond was offered to large trading companies from India, Israel and Europe in a tender hosted by the world’s leading auction house and “Transatlantic GemSales” rough diamonds.

He added that it came after a tender organized by Star Gems at the Dubai Diamond Exchange in December 2020, which broke records because it witnessed the sale of rough diamonds worth 87 million dollars.

Ahmed bin Sulayem, CEO and CEO of DMCC, said: “The new achievement adds to DDE’s success in organizing high-efficiency tenders.” Our efforts and willingness to provide enough space to welcome everyone, which is why we intend to increase our capacity for three times in the next six months. “

Bin Sulayem continued: “Our current market position based on transparency and a developed regulatory environment has made Dubai an attractive destination for legitimate traders seeking fair prices to sell their diamonds, especially those living in Africa, which is close to us and not far away.” .

For his part, Transatlantic Jim Sails owner Anthony Peter said: “We are proud to have hosted a tender to sell this exceptional stone and set a new record for the Emirate of Dubai,” noting the efforts made by the Dubai Multi Commodities Center and Dubai Diamond Exchange , and their main role in the crystallization of the trade scene, minerals and precious stones in Dubai, in a way that proves to the world that Dubai is the capital of diamonds.

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