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792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

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Dubai diamond trade rises 22% to 182m carats<br />

Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre<br />

Authority (DMCCA), yesterday announced that the total diamond trade in the emirate<br />

reached 182 million carats in 2009, 22 per cent more than the 2008 figures.<br />

According to figures from the Dubai World Statistics Department, a total of 80 million<br />

carats of polished diamonds were traded through the emirate in 2009 increasing by<br />

more than 150 per cent from 2008 when 32 million carats were traded. Rough<br />

diamond trade.<br />

Dubai records 99.6 million worth of pearl trade in 2009<br />

Dubai Pearl Exchange (DPE), a subsidiary of Dubai Multi Commodities Centre<br />

Authority (DMCCA), announced today that a total of Dh99.6 million worth of pearls<br />

was transacted in Dubai in 2009. According to statistics from Dubai World Statistics<br />

Department, the pearl trade rose from Dh95 million to Dh99.6 million last year, driven<br />

by a 30 percent increase in imports. These figures are especially impressive given<br />

the extremely tough economic conditions that were expected to impact the trade.<br />

Pearl Dubai, Sotheby’s Tie-up<br />

Pearl Dubai, developers of the 20 million sq ft sustainable Dubai Pearl integrated<br />

destination overlooking the Palm Jumeirah, announced a tie-up with Singapore<br />

Sotheby's International Realty to leverage its luxury real estate network of offices<br />

across Asia for promoting the upscale development to high net-worth individuals.<br />

Parul <strong>Institute</strong> of <strong>Management</strong> and Research - <strong>792</strong> Page 29

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