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

Dubai to host world's first Pearl Forum
The Dubai Pearl Exchange, a subsidiary of the Dubai Multi Commodities Centre
(DMCC), announced that it would host the first-ever World Pearl Forum, with the
objective of bringing together the global pearl sector, and addressing ways to grow
the worldwide market for pearl jewellery. The initiative, sponsored by Dubai World, is
in accordance with DMCC's continuing effort to revitalize the global pearl trade, and
build on Dubai's historic status as the pearl centre of the Gulf.
Dubai's rough diamond trade reaches US$3.03bn in first half 2008
Dubai's total trade of rough diamonds increased by 36% to reach US$3.03bn at the
end of the first six months of 2008, according to Dubai Diamond Exchange (DDE), a
subsidiary of the Dubai Multi Commodities Centre (DMCC). During the first six
months of 2008, rough diamond imports to the Emirate grew by 23% to reach
US$1.15bn from US$937m, during the same period in 2007. This was mainly driven
by high volumes imported from Angola (75%), and a 138% rise in imports from
China.
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