The DMCC undertook a trade visit to the Diamond Bourse of Italy in order to introduce the latter to the newly upgraded facilities of the Dubai Diamond Exchange (DDE), with the aim of boosting diamond trade between the UAE and Italy.

On December 2, 2019 Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC visited the Borsa Diamanti d’Italia (Diamond Bourse of Italy) in Milan to meet with its members and senior representatives of the Italian jewellery industry.

He was invited to visit, what has been called “one of the world’s oldest diamond exchanges”, during the recently held Dubai Diamond Conference.  

In Italy, Bin Sulayem met with leading Italian diamantaires and gave them a briefing on Dubai’s diamond trading hub. He also presented the senior management of Borsa Diamanti d’Italia with two exclusive gifts: the DMCC Gold Bullion Coins and a ‘Dubai Cut’ diamond – a unique design with 99 facets, created by DMCC in conjunction with the Dhamani Group. Certified by the GIA, it is the world's first diamond cut inspired and named after a city.

“Earlier this year, DMCC was delighted to host Borsa Diamanti d’Italia during the WFDB Presidents meetings in Almas Tower, Dubai,” said Bin Sulayem. “Meeting again in Milan forges our strong relationship and is a natural progression of our conversations regarding the challenges and opportunities in the diamond industry. We recognise the synergies shared between our markets and the Dubai Diamond Exchange stands ready to support where it can.”

Luigi Cosma, President, Borsa Diamanti D'Italia (Diamond Bourse of Italy) commented: “As long-standing partners, the Borsa Diamanti D'Italia was delighted to host Mr. Ahmed Bin Sulayem and DMCC. It was fascinating for our members to learn more about the Dubai Diamond Exchange, and how the diamond trade in the United Arab Emirates has grown so significantly in recent years. We look forward to working closely with DMCC going forward to ensure the Italian diamond industry can leverage the growing potential to do trade in, with and through Dubai.”

He added: “We are also honoured to now hold a ‘Dubai Cut’ diamond in our facilities, an exceptional stone which was gifted to us on the occasion of DMCC’s visit on the special occasion of UAE National Day.”