Dubai Diamond & Jewellery Summit Concludes

“The worldwide diamond trade will continue to thrive, especially in rapidly emerging markets such as the Middle East, China and India, despite the current global financial crisis,” was the message that came out of a two day summit in Dubai.

The Dubai Multi Commodities Centre (DMCC) organized Middle East-China Diamond and Jewellery (MECDJ) Summit hosted Diamond Trading Company (DTC) managing director Varda Shine who said “in the coming years, markets across the Middle East, China, Hong Kong and the rest of Asia will play an immensely important role in ensuring that this industry continues to witness sustained growth.”

“Countries like China, India and many Middle East states will continue to register positive growth,” DMCC Executive Chairman Ahmed Bin Sulayem said, adding that Dubai serves as a strategic crossroads for worldwide diamond trade flows.

Over 800 traders and retailers from the diamond industry gathered met at the summit, many from China and Saudi Arabia.

The first day of the MECDJ Summit focused on marketing and branding initiatives taken by retailers and jewelers such as Damas International, Dhamani Jewels and Chow Sang Sang Holdings International.