Diamond industry has become a global community of producers, cutters, polishers, retailers and regulators, Dubai Multi Commodities Centre executive chairman Ahmed Bin Sulayem has said.
Speaking at Dubai Precious Metals Conference 2013, DMCC Executive Chairman Ahmed bin Sulayem said Dubai has risen as a major global gold and precious metals trading destination, with over 20 per cent of the world's physical gold imported and exported through the Emirate.
The deal values DGCX, which started operations one and a half years ago, at a whopping $1.25 billion.
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