DUBAI MULTI COMMODITIES CENTRE

CIBJO appoints DMCC Executive Chairman as representative for Western Asia

Dubai, UAE; July 14, 2012: The Dubai Multi Commodities Centre Authority (‘DMCC’), the licensing authority for the Jumeirah Lakes Towers (‘JLT’) Free Zone, is pleased to announce that its Executive Chairman, Ahmed Bin Sulayem, has received UN accreditation to represent Western Asia on behalf of CIBJO, the international jewellery confederation of national trade organisations.

The accreditation is testament to Bin Sulayem’s contribution to the complete value chain of the jewellery, gemstone and diamond business over the last 10 years. Initiatives spearheaded by the DMCC Executive Chairman include the creation of the Dubai Diamond Exchange, one of the top three global diamond trading centres; the establishment of the only Kimberley Process office in the Middle East; as well as the publication of OECD guidance for responsible gold supply chain management.

Ahmed Bin Sulayem, Executive Chairman of DMCC commented:

“DMCC has worked hard over the last 10 years to build Dubai into the regional leader in commodities trade and provider of a unique commodity-focused ecosystem. To have been asked to represent Western Asia on behalf of CIBJO to the UN is a proud moment for me and a direct result of our efforts in the international precious stones and metals sector.

Going forward, we look to further increase our global engagement by working with industry participants and governments on best practice standards, and supporting initiatives that enhance sustainable economic and social development in the international jewellery trade.”

CIBJO has been a consultative member of ECOSOC, the United Nations Economic and Social Council, since 2006. ECOSOC is one of the largest agencies operating under the United Nations umbrella, and is a coalition involving government, civil society and the business community.

CIBJO’s cooperation with the UN demonstrates the commitment of key jewellery industry players to join a coalition with key governments, in tackling the common development challenges that matter to the future of the business community and civil society at large.