DMCC – the world’s flagship Free Zone and Authorities of Dubai Authority on commodities commerce and enterprise – has signed an settlement with the Worldwide Colored Gemstone Affiliation (ICA) that may see the 2 entities maintain the ICA Annual Congress 2023 in Dubai.

Set to happen from 15 to 17 February 2023 at DMCC’s Almas Convention Centre, the occasion will see a whole bunch of gemstone business leaders come collectively to share alternatives and handle the challenges dealing with the business to advance the colored gem stones sector. The congress comes straight after the JGT Dubai, which takes place within the Dubai World Commerce Centre from 12 to 14 February 2023.

Clement Sabbagh, President of the Worldwide Colored Gemstone Affiliation stated:

“The ICA Congress is a singular occasion that brings collectively probably the most various and prestigious leaders within the colored gemstone sector. With every Congress, ICA presents dynamic audio system, compelling panel shows and alternatives for our extremely various business to come back collectively as one and share concepts, search avenues of collaboration, and problem one another to discover pathways to strengthen and develop the colored business.”

ICA is a non-profit organisation and the one worldwide physique particularly created to profit the colored gemstone business. It contains over 500 gem business leaders from mine to market, together with miners, gem cutters, suppliers, retailers, commerce associations, gemological laboratories, academia, museums, and different members of the gemstone ecosystem.

Internet hosting the ICA Annual Congress in Dubai comes as a part of DMCC broader efforts to boost the worldwide commerce of valuable stones. To date this 12 months, DMCC has held 4 tenders of colored gem stones at its Dubai Diamond Change (DDE), the world’s largest valuable stone tender facility. The DDE creates perfect circumstances for the commerce of colored gem stones, with its white crystal home windows permitting potential consumers to look at and assess colored stones with out considerations associated to tinted gentle.

Ahmed Bin Sulayem, Govt Chairman and Chief Govt Officer, DMCC, stated: “Since we final partnered with ICA to carry their Annual Congress in 2007, DMCC has turn into a catalyst for world commodities commerce. From a place of virtually zero valuable stones commerce we have now constructed Dubai into one of many world’s main diamond commerce hubs. Prior to now few months alone we have now witnessed one of many world’s purest pink diamonds, a record-breaking ruby and different uncommon stones grace the ground of our iconic Dubai Diamond Change because the world’s valuable and colored stones communities hunt down DMCC to conduct their most important enterprise. DMCC’s star continues to rise and we have now our sights firmly set on colored gem stones, as a part of diversifying our valuable stones commodities vary and constructing the following main hub for the sector worldwide. We’re delighted subsequently to as soon as once more be partnering with ICA, the world’s main authority on colored gem stones, to carry their Annual Congress 2022 in Dubai at this significant second for DMCC and the broader business.”

Given its mandate to draw, promote and allow commerce by way of Dubai, DMCC has established a complete set of amenities and companies for members and business professionals to commerce with confidence. Dubai’s geographical location locations it on the centre of the dear stones business, permitting DMCC to help the whole provide chain, from miners, and producers, to wholesale sellers and retailers. The settlement with ICA will additional contribute to the UAE’s place as a world commerce hub and a world-leader inside the gemstone business.