World Diamond Congress Concludes Successfully in Singapore

The 41st World Diamond Congress concluded successfully in Singapore after three days of insightful deliberations, strategic dialogue and industry-wide collaboration, bringing together the global natural diamond fraternity under one roof for the first time after eight years. Organized jointly by the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), the Congress reaffirmed the industry's collective commitment to strengthening consumer confidence, enhancing transparency, advancing traceability and reinforcing the enduring value of natural diamonds. A defining moment of the Congress was the election of Mehul Shah, Vice President of Bharat Diamond Bourse, as the newly elected President of the World Federation of Diamond Bourses. He will be joined by Luigi Cosma, President of Borsa Diamanti d'Italia, who was elected Vice President of WFDB, Philippe Barsamian, Vice President of the Diamant Club van Antwerp, who was elected as Vice President of WFDB, and Molefi Letsiki, Chairman, Diamond Dealers Club of South Africa assumed the role of Treasurer General, Rony Unterman becomes Secretary General of WFDB.

DMCC announced a record 41.7 billion USD diamond trade through Dubai in 2025 which makes DDE one of the most important and prominent diamond exchanges in the world. Dubai Diamond Exchange also signed an important MOU with London Diamond Exchange. This MOU aims at strengthening cooperation between the two exchanges and expand opportunities for the respective members. DMCC also signed a landmark MOU with Botswana Stock Exchange Group to establish SISTER-HUB trade corridor and expand global market access for Botswana's commodity exports.

Dubai Diamond Conference as well as Dubai Precious Metals Conference, the two flagship events organized by DMCC are slated to be organised this October and November in Dubai. These events would not only define the future roadmap for the concerned sectors, but will also prove to be a platform for congregation of International delegates, members and Industry heads. Not to be missed events indeed.

Wishing you the best of business.

Subbu
Editor
The New Jeweller UAE
editor@thenewjewelleruae.me