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The West Asia (Middle East) conflict, especially tensions involving US, Iran, Israel, and the Gulf, has had a direct and significant impact on the diamond and jewellery sector in UAE, because UAE is not just a retail market but a global trading hub and transit corridor. Dubai jewellery retail apart from other sectors has been quiet for a while as uncertainties not only disrupted businesses but has also eaten up a considerable revenue share anticipated from the tourism industry. In spite of all this it is indeed commendable that UAE and Dubai have more
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WDC President Ronnie VanderLinden calls for unity in the natural diamond trade
 World Diamond Council President Ronnie VanderLinden today opened the Kimberley Process Intersessional Meeting in Mumbai with a call for unity among all members of the natural diamond trade.
“We are here for one reason. To be the champion for the natural diamond trade,” VanderLinden said in his opening address. more
UAE KIMBERLEY PROCESS CHAIR UPDATES UNITED NATIONS GENERAL ASSEMBLY ON ‘YEAR OF BEST PRACTICE’
 Ahmed Bin Sulayem, the UAE’s Custodian Chair of the Kimberley Process (KP), addressed the United Nations General Assembly (UNGA) in New York, presenting the UAE’s 2025 Chairmanship achievements under its ‘Year of Best Practice’ and introducing the UAE-led resolution, more
De Beers Cuts about One-Third of its Sightholders
 De Beers has significantly reduced its global sightholder base, informing more than 20 of its existing 69 clients that they will not continue under the new contract period beginning July 1, according to industry sources. The updated list is expected to include roughly 45 sightholders, although the exact number may vary depending on companies more
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