ID :
12065
Thu, 07/10/2008 - 16:06
Auther :
Shortlink :
https://oananews.org//node/12065
The shortlink copeid
Dubai and Thailand explore trade opportunities for coloured stones
Dubai, July 10, 2008 (WAM) - Dubai Multi Commodities Centre (DMCC) and the Thai Gem and Jewellery Traders Association (TGJTA) signed an agreement Wednesday, making TGJTA the first affiliate member of the Dubai Gems Club (DGC), a strategic initiative of the Coloured Stones and Pearls Division at DMCC.
This agreement will boost trade opportunities between Dubai and Thailand, both fast-emerging markets for gems and coloured stones. Thailand, a major global gem trading and processing centre, is the second largest exporter of gems and jewellery in the world with annual exports over US$2 billion. The country enjoys rich natural deposits of ruby and sapphire and is known asthe heart of South East Asian gemstone production and trade.
Under the terms of the agreement, TGJTA members will access DGC's network of local and international markets. In addition, as an affiliate member, TGJTA will also have access to the dedicated trading facilities of the Dubai Gems Club located at Almas Tower. DMCC serves as an international hub bridging gemstone producing and consuming countries, and facilitates the trade ofcoloured stones through Dubai via the Dubai Gems Club.
DMCC's affiliation with TGJTA will offer Thailand's coloured stones community a dedicated platform to further boost their trade, and will in turn positively impact the entire value chain of the coloured stones industry. In addition, our partnership with TGJTA will add value to Dubai'sDh70 million annual coloured stones trade.
This agreement will boost trade opportunities between Dubai and Thailand, both fast-emerging markets for gems and coloured stones. Thailand, a major global gem trading and processing centre, is the second largest exporter of gems and jewellery in the world with annual exports over US$2 billion. The country enjoys rich natural deposits of ruby and sapphire and is known asthe heart of South East Asian gemstone production and trade.
Under the terms of the agreement, TGJTA members will access DGC's network of local and international markets. In addition, as an affiliate member, TGJTA will also have access to the dedicated trading facilities of the Dubai Gems Club located at Almas Tower. DMCC serves as an international hub bridging gemstone producing and consuming countries, and facilitates the trade ofcoloured stones through Dubai via the Dubai Gems Club.
DMCC's affiliation with TGJTA will offer Thailand's coloured stones community a dedicated platform to further boost their trade, and will in turn positively impact the entire value chain of the coloured stones industry. In addition, our partnership with TGJTA will add value to Dubai'sDh70 million annual coloured stones trade.
