A significant event is set to take place in Dubai between November 11, 2024, and November 15, 2024 the Dubai Diamond Week (DDW). A world-first gathering of the global diamond industry in the megapolis, the show is being organized by Dubai Multi Commodities Centre (DMCC), a commodities exchange and freetrade zone. It will feature a trifecta of key events: DMCC's Dubai Diamond Conference (DDC), the Kimberley Process (KP) Plenary Session, and the Jewellery, Gem & Technology in Dubai JGTD) trade show.
Important enough in itself, the event underscores a larger point-the full-blown emergence of Dubai as a global diamond trading hub. The rise of the city as an important diamond centre has been driven by a combination of factors, chief among them being its geographic location, top-of-the-line infrastructure, excellent connectivity, pro-business taxation policies, and a strong focus on growth.
STRATEGIC LOCATION, LOW TRADE BARRIERS DRIVING DUBAI'S GROWTH AS DIAMOND HUB
Positioned between Africa (the primary source of rough diamonds) and India (a major diamond processing centre), Dubai's location is ideal for diamond trading. This geographic advantage allows the city to serve as a natural transit point for diamonds moving between these regions, and beyond to Europe, the US, and Asia.
Says Vatsal Shah, JB Brothers, Mumbai, "The demand for diamonds in the Middle East and Asia is growing, and establishing a hub in Dubai allows traders to tap into these emerging markets. Dubai serves as a central hub connecting markets in Asia, Europe, and Africa, making it easier for traders to access a wide range of markets. The UAE offers attractive tax policies, including zero import duties on diamonds, and no capital gains tax, which makes it financially appealing for businesses.
هذه القصة مأخوذة من طبعة September - October 2024 من Diamond World.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September - October 2024 من Diamond World.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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