London, Dubai Bourses Partner to Boost Global Diamond Trade

The London Diamond Bourse (LDB) and the Dubai Diamond Exchange (DDE) have signed a memorandum of understanding (MoU) to team up to bolster the international diamond and gemstone trade.

The agreement advances closer collaboration by focusing on promoting responsible trade, facilitating commercial opportunities, encouraging knowledge exchange and increasing cooperation among members, the Dubai Multi Commodities Centre (DMCC) said Wednesday. The partnership will strengthen dialogue on issues affecting the international diamond industry, enabling both bourses to respond better to changes in the global marketplace, the DMCC said.

DDE chairman Ahmed Bin Sulayem and LDB president Charlotte Rose signed the MoU, which they said reflects a shared commitment to boosting relationships between World Federation of Diamond Bourses (WFDB) members and establishing a more connected international trading network.

“The [DDE] was built on the belief that connecting markets creates opportunity,” said Bin Sulayem. “This partnership with the [LDB] reflects that philosophy, bringing together two major diamond-trading centers to strengthen collaboration and expand opportunities for our respective members. The future of our industry will not be built by individual markets acting alone. By working more closely together, we can establish a stronger network of trusted trading centers, sharing expertise, upholding recognized standards, and reinforcing confidence and growth across the global diamond trade.”

Image: Diamond tenders hosted at DMCC. (Dubai Multi Commodities Centre)