DDC and DMCC Announce Cooperation Agreement

(IDEX Online News) – The Diamond Dealers Club of New York (DDC) and the Dubai Multi Commodities Centre (DMCC) announced their agreement to cooperate on a wide range of issues affecting their membership.

DDC president Reuven Kaufman and DMCC executive chairman Ahmed Bin Sulayem have agreed to regular exchanges of trade delegations between the two centers, beginning with a New York-delegation visit to Dubai in the fall.

Kaufman says the fall trade mission is for the mutual buying and selling of diamonds, which will benefit members of the industry in both centers. He also said it will facilitate the development of long-term business relationships among the participants.

Bin Sulayem gave the DDC leadership a comprehensive review of the diamond business opportunities in Dubai, saying that he welcomed the opportunity to host a trade mission of New York diamantaires and that he looked forward to working closely with the DDC and its membership on their joint agenda.

Other members of the Dubai delegation included Malcolm Wall Morris, CEO of the DMCC and Peter Meeus, chairman of the board of the Dubai Diamond Exchange. DDC officials including vice president Basant Johari, Secretary Benny Simkhai, Treasurer Jacob Zupnick and managing director Martin Hochbaum joined the DDC president.