Dubai - Mubasher: The Dubai Diamond Exchange (DDE) has resumed its tender activities and businesses after applying safety and health measures to contain the coronavirus (COVID-19).
The reopening of the world’s largest diamond tender facility came amid the UAE's instructions to ease the COVID-19 lockdown restrictions.
Located in Dubai Multi Commodities Centre (DMCC), the facility is following all the health measures and protocols, including social distancing and regular disinfection, to ensure the safety of employees and visitors, according to a press release on Monday.
The Executive Chairman and CEO of DMCC, Ahmed bin Sulayem, said: "With the gradual easing of restrictions and lockdowns, both locally and globally, business activity is resuming and we are seeing some positive signs of recovery."
The trade of precious stones is an important element of the UAE's strategy to diversify its economy, as Dubai's trade of gold, jewellery, and diamond totalled AED 370 billion, recording the highest trading commodities by value, in 2019.
In Abu Dhabi, the trading in gemstones rose by 34.4% to AED 5.42 billion in the first quarter (Q1) of 2020 from AED 4.03 billion in the year-ago period.
