DDE establishes diamond boiling facility

08/07/2009 - Dubai Investment News
DDE establishes diamond boiling facility

Written by Ashley Waterman

The Dubai Diamond Exchange has introduced a new diamond boiling facility at its headquarters in the Almas Tower.

Diamond traders in the emirate will now be able to improve the value of both rough and polished diamonds by boiling dirt and trace materials from the face of the precious stones.

Ahmed Bin Sulayem, executive chairman of the Dubai Multi Commodities Center (DMCC), said that the new facilities support the organisation's ambition to establish Almas Tower as the Middle East's premier diamond trading hub.

Peter Meeus, chairperson of the board of directors of Dubai Diamond Exchange and the chief executive of International Diamond Laboratories DMCC, added: "Market-specific infrastructure in Dubai has significantly facilitated diamond trade through the emirate. The boiling facility brings a service to the diamond industry which was required for a very long time."

DMCC has also recently announced that it has opened channels with Angola to strengthen ties in diamond trading.ADNFCR-2019-ID-19256372-ADNFCR