Dubai Commodities Center (Dubai Multi-Commodity Centre, DMCC ) plans to strengthen the relationship with Western Australia after a meeting with senior representatives of trade in the region.
Executive Director of the DMCC, Ahmed Bin Sulayem (Ahmed Bin Sulayem) met with Deirdre Wilmott (Deidre Willmott), chief executive officer of the Chamber of Commerce of Western Australia (Chamber of Commerce and Industry of Western Australia, CCIWA), and Professor Chris Moran (Chris Moran) , Deputy Vice-President of Curtin University. The meeting took place in the innovative Cisco Internet Center building (CIIC) in Perth.
The purpose of the meeting - to strengthen the bilateral relations between the DMCC has, the leading and most comprehensive free trade area in the world, and Western Australia.
CCIWA - is an independent non-profit organization, which has more than 125 years, is the main body of the West Australian business. It includes more than 9,000 members of the segments and industries. CCIWA mission is to help local businesses and ensure that Western Australia - a place where companies of any sector and any size can succeed.
Bin Sulayem also visited CIIC center in Western Australia, where he met with Professor Chris Moran to discuss how technology and innovation are developed and constantly changing ways of doing business, training new generations and the formation of people's lives in general.
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After the high level of volatility in the global markets in general, and ruinous for the diamond industry in 2015 the diamond trade in Antwerp started to find stability in 2016, according to the annual report of the Antwerp World Diamond Center AWDC.
After a difficult 2015 the Antwerp diamond industry recorded a 5 percent increase in turnover in 2016. 202 million carats of rough and polished diamonds worth $ 48 billion. Were sold
volumes of imports and exports of diamonds in 2016 declined relative to 2015. Antwerp were imported and exported 11.4 million carats of diamonds total cost of $ 23.2 Bln. Antwerp import was 6 million carats of diamonds worth $ 11.4 Bln. This represents a reduction of 7% in volume and 10% in terms of value. In the export segment, a decrease compared to 2015 was 9% in volume and 10% in value. In general, from Antwerp were exported 5.4 million carats for $ 11.8 billion.
Trade in rough diamonds has been very successful. At that time, as the diamond trade has followed a downward trend compared to the previous year, sales of unpolished stones to correct this slight decrease due to proportional growth rates. Antwerp was imported and exported 190.8 million carats of rough diamonds worth $ 24.8 billion.
Imports and exports of rough diamonds increased in comparison with 2015. Antwerp's rough diamond imports totaled 90 million carats worth $ 12.1 billion, while exports -. 100.8 million to $ 12.7 billion This is 7% more volume and 9% in value.
Rough exports increased by 5% in volume and 11% in value.
Thus, according to the report, the AWDC strengthens its leading position as a center of trade in rough diamonds, facilitating access for the bidding companies and the influx of rough diamonds from small producers and first-time producers. In this case, AWDC maintains existing relationships with leading manufacturers, such as Alrosa.
Recently, commercial production began in the diamond mines Renard (Renard) and Gacho Quay (Gahcho Kué) in Canada, as well as on mine Likhobong (Liqhobong) in Lesotho, 100% of the products which will be shipped to Antwerp.
The AWDC expect it to bring to market an additional 7 million carats in 2017.
2016 was good, and the future looks promising, AWDC is the annual report for 2016.
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