The newly appointed Board of Directors of Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre (DMCC), held its inaugural meeting recently in Dubai, to review the strategy for enhancing Dubai's role in the global diamond trade. The board, comprising high-profile members from the industry, toured the DDE trading floor in Almas Tower, Jumeirah Lakes Towers, and reviewed the current strategy and its alignment with global market and trade conditions. As well, the board discussed necessary updates to the Diamond Masterplan, which was initiated two years ago. “DDE has gained global recognition and is ranked among the world's top five rough diamond distributors,” said Ahmed bin Sulayem, executive chairman, DMCC, and member of the Board of Directors of DDE. “With prominent industry veterans on the DDE Board, we are confident of enhancing Dubai's appeal as an attractive diamond trade hub at a regional and global level.” Peter Meeus, chairman of the board of directors of DDE, said: “The first official meeting of the Board of DDE was fruitful, as members examined recent trends, challenges and opportunities for Dubai's role in boosting the regional diamond trade. They have also reaffirmed their support to the Diamond Masterplan, to further support the entire value chain of the diamond industry and boost trade growth.” The new Board of Directors includes high-profile members of the international, regional and local diamond and jewelry industry, including Ahmed Bin Sulayem, chairman, DMCC; Dilip Mehta, CEO, Rosy Blue NV; Pankaj Mehta, CEO, Dimexon Eurostar; Mahendra Parikh, chairman, Diarough NV; Sheikh Jamil Farsi, chairman of Farsi Jewelry, the dean of Jewelrs of Jeddah and chairman of the Gold and Jewelry Committee in the Jeddah Chamber of Commerce and Industry; Nabeel Al Zain, president, Al Zain Jewelry; Tamjid Abdullah, deputy managing director, Damas Jewelry LLC; Amit Dhamani, managing director, Dhamani Jewels; Roberto Coin, president, Roberto Coin S.p.a; and Arnaud Flambeau, CEO, Scintilla
