Sulayem takes over Dubai Diamond Exchange chairmanship

By Rajive Singh

Jumeirah Lake Towers

Peter Meeus assumes role of Honorary Chairman

DUBAI 30 November 2017: The Dubai Diamond Exchange (DDE) confirmed that Peter Meeus will step down as Chairman of the Dubai Diamond Exchange as of 31 January 2018. Ahmed Bin Sulayem, Executive Chairman, Dubai Multi Commodities Centre (DMCC), will assume the Chairmanship.

Peter Meeus has been nominated Honorary Chairman.

Over 12 years ago, DMCC’s Bin Sulayem began putting in place the infrastructure necessary to create an international marketplace for diamonds in Dubai. Since then, the Dubai diamond trade, under the auspices of the Dubai Diamond Exchange, has grown at a significant rate and positioned the Emirate as one of the leading rough and polished diamond trading hubs globally. The value of diamonds handled through Dubai has grown from US$3.5 billion in 2003 to over $26 billion in 2016.

Ahmed Bin Sulayem
Ahmed Bin Sulayem

Located in the iconic Almas Tower, DDE is the home to over 1,000 regional and international precious gems companies.

As a trade facilitator and market maker for diamond and coloured stones businesses, the DDE is the only bourse in the Middle East affiliated with the World Federation of Diamond Bourses (WFDB). The DDE brings together several large scale initiatives, such as rough and polished diamond tenders and trade benefits for pearls and coloured stones.

Peter Meeus
Peter Meeus

The DDE Membership is compulsory for all DMCC licensed members that are trading in jewellery, pearls & precious stones; manufacturing precious jewellery and cutting & polishing precious stones. Under the DDE umbrella, DMCC precious stones traders and service providers come together as one globally accepted framework for governance and trade practices.

DDE membership serves as a mark of distinction, opening doors and allowing access to those active in the diamond trade. The DDE ensures its members have the safety of trading only with reputable companies who adhere to its compliance guidelines and are bound by a strict code of good business practices and ethics.