Diamond Dealers Club of New York (Diamond Dealers Club of New York, DDC) will move to the new building - the International Diamond Tower (International Gem Tower, IGT). This step will allow more companies to move their offices to the new trading floor, said the DDC.
DDC signed Extell Development, to provide leased about 17,500 square feet on the 11th floor of IGT in the heart of the diamond district in New York.
About 200 - 400 companies are currently working on the existing DDC trading floor of the total number of about 1500, said managing director David Lasher DDC (David Lasher). The new Club headquarters will significantly increase this figure, he added.
The average annual cost of rent in the DDC's current location in the past year increased by 2.4% to $ 73.24 per square foot.
"Office space is expensive, and more and more people refuse to office and prefer to trade directly on the exchange room," - said Reuven Kaufman (Reuven Kaufman), President of the DDC.
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Zimbabwe Finance Minister Patrick Chinamasa said that the diamond sector, which was once a possible solution to the country's economic problems, could not meet expectations.
Former minister of mines Obert Mpofu once said that Zimbabwe will never have to borrow again, as diamonds from Marange were expected to bring $ 2 billion annually to the treasury.
Nevertheless, these assumptions were not justified.
"The question is, what happened," Chinamasa asked rhetorically.
"... I see that the diamond sector has ceased to have an impact on the finance and economy of Zimbabwe," the minister continued.
He said that the gold sector "clearly outscored" the diamond sector. During the boom in diamond mining, gold production did not bring significant revenue to this African country.
"But now things in this sector are much better, despite the fact that a significant proportion of the production falls on the prospectors who were also involved in the extraction of diamonds in Marange," said Chinamasa.
He also noted that the consolidation of diamond mining companies and mines in the country is important and "the sooner this is done, the better." Thanks to these measures, it will be possible to increase "certainty" in the diamond sector, the minister believes.
Meanwhile, Chinamasa was delighted by the proposed by the Minister of Mining of Zimbabwe, Walter Chidakawa (Walter Chidhakwa), a roadmap for beneficiation in the country.
"In the diamond industry ... I was assured, That the joint venture that we submitted was approved.
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