Dubai Diamond Conference 2013 to explore new Diamond Silk Route

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Dubai Diamond Conference (DDC 2013)
Dubai Diamond Conference (DDC 2013) will explore the new ‘Silk Route’ for diamond trade. Photo-DDC

The inaugural Dubai Diamond Conference (DDC 2013) will take place from 18-19 March at Almas Tower in Jumeirah Lakes Towers.  Said to be the most important diamond event of the year, the DDC 2013 will explore the new ‘Silk Route’ for diamond trade.

The preliminary success of the event can be gauged from the fact that registrations for the event are now closed after the conference reached its maximum capacity of 500 participants.

Ahmed Bin Sulayem, Executive Chairman Dubai Multi Commodities Centre said, “Dubai is preparing for the next phase in its development as an international logistical and luxury hub. It has not only become a peer to the world’s largest and most significant diamond centres, but also a safe, regulated environment for industry participants to trade with confidence.

The Dubai Diamond Conference is a fantastic opportunity for key industry leaders to gather and discuss opportunities to drive growth as we focus on becoming the premier destination for luxury buying in the Middle East and South Asia.

Suliman Al Othaim, CEO of Suliman Al Othaim Gold & Jewellery Company Ltd., KSA, said:

“As we look to expand our market share in the global diamond industry, we see significant opportunity for growth in our own market. The Middle East’s retail diamond industry has seen a considerable rise in prominence, with the number of retail outlets selling diamond jewellery tripling in recent years. We expect this to continue with increased cooperation between African producers and Middle Eastern retailers.”

Day One of DDC 2013 will feature leading government officials from the Middle East and Africa discussing the New Silk Route for diamond trade.

The second day will not only bring together an international panel of bankers to debate the topic ‘Banking in the times of the New Silk Route’, but also focus on the trade in luxury goods in the Gulf and Middle East, specifically diamonds and diamond jewellery. Industry analyst Chaim Even-Zohar will moderate the discussion between some of the world’s leading diamond bankers.

Chaim Even-Zohar, President, Tacy Ltd, was quoted as saying, “The diamond industry weathered the storm of the global financial crisis without serious debt defaults and diamond prices are now reaching historical heights. This is a testimony to the financial acumen, resiliency and soundness of the business. However, although the fundamentals of the industry look stronger than ever, unexpected scarcity of liquidity may hamper its growth.

In light of this, the Dubai Diamond Conference will enable bankers and pipeline players to explore how to jointly manage the diamond industry’s evolving economic and regulatory environment to secure its continued growth and prosperity.

The day will also include a discussion on the trade in luxury goods in the Gulf and Middle East, specifically diamonds and diamond jewellery.

Dubai Diamond Conference 2013 – Pre-conference teaser video 

DDC 2013 is set to be the most significant diamond event of the year. In this video, key speakers explain why a diamond conference in Dubai is so significant.

Featuring: Hon. Susan Shabangu, Minister of Mineral Resources, Republic of South Africa; Neil Haddock, Managing Director, Global Diamond Tenders; Dilip Mehta, CEO & Coordinator, Rosy Blue; Chaim Even-Zohar, President, Tacy Ltd and Peter Meeus, Chairman of the Dubai Diamond Exchange.

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