The gateway to the global diamond trade
Located in Almas Tower, the Dubai Diamond Exchange (DDE) is home to over 1000 domestic and international precious stones companies conducting business at the heart of the region’s diamond trade.
Through membership of the DDE, precious stones traders and service providers are connected to a globally accepted governance and trade practice framework and as such, benefit from access to new markets and greater trust that this brings.
The DDE is the only bourse in the Gulf Cooperation Council (GCC) affiliated with the World Federation of Diamond Bourses (WFDB). It brings together several large-scale initiatives, such as rough and polished diamond tenders and trade benefits for pearls and coloured stones.
DDE membership serves as a mark of distinction, opens doors and affords access to the global diamond trade network. The DDE ensures its members to have the safety of trading only with reputable companies who adhere to its compliance guidelines and are bound by a strict code of ethical business practice.
Membership benefits and compliance requirements
Members can host tenders at the DDE tender facility and receive priority notifications in regards to all announcements regarding auctions, tenders, and industry events and news.
Regular networking opportunities, including trade events and coffee clubs ensure members have the chance to interact with industry leaders and peers. The DDE also supports the delivery of important international events, such as the biennial Dubai Diamond Conference.
The DDE assists members with international dispute settlement. As a member of the World Federation of Diamond Bourses (WFDB), the DDE has authority to arbitrate and resolve disputes for members with verdicts withheld in other WFDB affiliated bourses.
All DDE members are subject to stringent DMCC compliance procedures, including a declaration of compliance with the DDE Code of Business Conduct and DDE By-laws.
Various types of memberships
The DDE membership is available to any interested local and international trading, manufacturing and jewellery companies, as well as those in the polishing of jewellery, pearls and precious stones trade.
Classes of corporate membership:
Membership classes 2, 3 and 4 are subject to submission of a completed application form to the Company Secretary (and any relevant supporting documents as requested) and the DDE Membership Fee. Acceptance as a DDE Member is at the sole discretion of the Company Secretary.
DDE promotes the interests and development of trade in the United Arab Emirates (UAE), and offers a dispute resolution service.
DDE is governed by a Board of Directors in line with the DDE By-laws, which all members of the exchange must adhere to.
In addition to the By-laws, every member is required to submit a declaration of compliance with the DDE Code of Business Conduct.
Click below to download a copy of compliance documents related to DDE
The DDE is a member of various international industry organisations and associations. Focused on enhancing the diamonds and precious stones supply chain, the DDE develops regulations to ensure that business within its parameters is conducted in an ethically responsible way, and in line with the international compliance trade standards.
An industry-wide initiative to boost compliance and transparency
The DDE is the only trade body in the GCC that provides access to MyKYCBank, an industry-wide platform designed to simplify the KYC workload of its members, enhance transparency and reduce costs associated with managing compliance operations.
In order to join, visit www.MyKYCBank.com