792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...
792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...
792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...
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DIAMOND INDUSTRY OF UAE<br />
Dubai emerges as world’s 3rd largest diamond hub<br />
Dubai is set to reinforce its position as the world's third largest diamond trading hub<br />
with the value of 2011 trading set to surpass the $35 billion mark achieved in 2010,<br />
Ahmed bin Sulayem, Executive Chairman of Dubai Multi Commodities Centre, or<br />
DMCC, said on Monday. From $20 billion in 2009, the value of Dubai's vibrant<br />
diamond trade rose to $35 billion in 2010, and this year it is poised to scale new<br />
highs, bin Sulayem said at a press briefing to announce the 8th Dubai City of Gold.<br />
Dubai hosts inaugural pearl auction<br />
Dozens of containers filled with pearls sat in rows on a long line of tables while more<br />
than 100 buyers from 20 countries milled about. The auction, which featured pearls<br />
ranging in color from champagne to steel-grey, was a low-key affair held at the Dubai<br />
Multi Commodities Centre; no gavels, no frantic bids, just the sound of pearls<br />
clinking against each other and muted chatter. The atmosphere, however, belied the<br />
true weight of the business being conducted.<br />
Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 28