Dubai Diamond Exchange Names New Board of Directors

The Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC), appointed a new board of directors. The new board is made up of international, regional and local members of the jewelry industry.

Newly appointed international members of the DDE board of directors are Dilip Mehta, CEO of Rosy Blue NV; Pankaj Mehta, CEO of Dimexon Eurostar; and Mahendra Parikh, chairman of Diarough NV.

Other figures in the diamond business joining the DDE include Roberto Coin, president of Roberto Coin S.p.a; and Arnaud Flambeau, CEO of Scintilla-Monaco.

Regional players include Jamil Farsi, chairman of Saudi-based Farsi jewelry and Nabeel al Zain, president of Bahrain-based Al Zain Jewelry.

Representatives of the local diamond trade in Dubai added as members include Tamjid Abdullah, deputy managing director, Damas Jewelry LLC and Amit Dhamani, managing director, Dhamani Jewels.

"It is an enormous privilege to welcome them all to the DDE, which is now firmly established as the platform for the emirate's diamond business," said Peter Meeus, chairman of the board of directors of the DDE.  "Together, we will examine and address key issues facing the trade during this period of unprecedented volatility, and serve as an interface between DDE members and government."

According to the DDE, the primary role of its board of directors is to attract new business to Dubai and to further the emirate's participation in the wholesale diamond trade.