DMCC, DGJG Partner to Coordinate Training and Marketing
October 19, 06
The Dubai Multi Commodities Centre (DMCC) and the Dubai Gold and Jewellery Group (DGJG) signed a Memorandum of Understanding (MoU) to form a coordinated effort to grow the industry and promote it worldwide.
The sides said they expect the MoU to give a “significant impetus to Dubai’s gold, diamonds and jewelry industry”.
Speaking at the signing ceremony, DMCC CEO Dr. David Rutledge said, “DMCC’s primary role is to facilitate an investor friendly environment that encourages the development of a healthy commodities market. We aim to work closely with the gold, diamond and jewelry traders represented by the Gold and Jewellery Group, to provide the necessary environment for growth in line with international best practices.”
“With this understanding a whole new platform will now be available to DGJG members to access opportunities that are created by DMCC, “added Tawhid Abdullah, managing director of DGJG.
The DGJG is an association of more than 700 gold and jewelry outlets in Dubai formed for promoting Dubai’s gold and jewelry trade.
The DMCC and DGJG tie up is expected to focus on two key aspects of the gold, diamond and jewelry industry - education & training and marketing & promotion.
According to the terms of the MoU, DMCC and DGJG intend to share their respective training calendars, in addition to jointly participating in and promoting gold, diamond and jewelry industry events, both internationally and in the UAE.
DGJG will promote DMCC and its industry initiatives including Polygon DMCC, Dubai Gem Certification, DGCX and other new initiatives among its members. In addition, it is expected to create a special membership category for DDE (Dubai Diamond Exchange) members within the group.