DMCC’s Dubai Diamond Exchange 01
DMCC deal with one of China's leading diamond marketplaces creates an opportunity to expand its reach. Image Credit: Gulf News Archive

Dubai: DMCC has entered a memorandum of understanding (MoU) with Guangzhou Diamond Exchange (GZDE), thus establishing a partnership with one of China’s leading international diamond trading platforms.

“DMCC will always seek opportunities to collaborate with others and write the next chapter of Dubai’s remarkable diamond story,” said Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC and Chairman, Dubai Diamond Exchange.

“This is just one of the many reasons why we are delighted to sign the agreement with the Guangzhou Diamond Exchange, and we look forward to the potential this brings.”

DMCC and GZDE will gain access to new markets as a result of the collaboration. Both parties have also committed to cooperate in promoting responsible business practices among their respective members.