Dubai Diamond Conference Reflects On Industry's Future
Solitaire International|November 2017
Dubai Diamond Conference Reflects On Industry's Future

The Dubai Diamond Exchange (DDE), a Dubai Multi Commodities Centre (DMCC) platform, organised the third edition of its biennial Dubai Diamond Conference (DDC) under the theme ‘Shaping the future of an interconnected marketplace’ on October 16th and 17th.

The conference dealt with a rich agenda of subjects critical to the future of the diamond business worldwide and opened to its biggest ever audience. The event brought together international leaders of the diamond industry ranging from African ministers to traders, financiers and world-renowned jewellers.

The guest of honour and keynote speaker for the two-day conference was the former Prime Minister of the United Kingdom, David Cameron, who opened the second day of the conference.

Abdullah Al Saleh, UAE ministry of economy, undersecretary of foreign trade and industry, UAE, and DMCC’s executive chairman, Ahmed Bin Sulayem inaugurated the conference, welcoming top-level speakers and panellists from every sector of the diamond pipeline and from across the world, saying they would provide insights based on long experience about the deep-seated changes affecting the business.

“It is really excellent to see that so many world-class experts have travelled from all over the world to attend the third Dubai Diamond Conference. Dubai believes in the diamond industry’s potential to grow and we are committed to doing everything we can to support the industry,” said Abdullah Al Saleh.

Meanwhile, Bin Sulayem spoke about the critical role the DDC has developed in taking stock of developments in the industry and providing pointers for how it should tackle challenges as it moves forward. “Diamonds have long played an illustrious role in Dubai’s heritage as a gateway for global trade. And, in just 15 short years, Dubai has become the third biggest diamond trading centre in the world. It didn’t happen by accident. It happened because we designed an environment that is safe, business friendly, and that conveniently links producing and consuming markets.”

Speaking of the future, Ahmed Bin Sulayem set the agenda on the importance of connecting with and understanding millennials as recent research found that 37% of millennials claim to distrust big business and brands. “It’s a different world. And it goes beyond just advertising and marketing. What do we as an industry have to change to better appeal to this demographic?”

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November 2017