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Dubai & Thailand Explore Trade Opportunities For Gems And Colored Stones
Dubai, U.A.E 10 July 2008  Dubai Multi Commodities Centre (DMCC) and the Thai Gem and Jewellery Traders Association (TGJTA) signed an agreement today, making TGJTA the first affiliate member of the Dubai Gems Club (DGC), a strategic initiative of the Colored Stones and Pearls Division at DMCC.
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Gemfields acquires Kagem Emerald Mine and completes US $ 60 Million financing.
London 09 July 2008  Gemfields plc (AIM: GEM), the AIM-listed gem exploration and mining company, raised US $ 60 million to fund its future expansion plans and simultaneously completed the acquisition of Zambia’s largest Emerald mine “Kagem”. The proposed acquisition and placing provides a unique opportunity in the coloured gemstone market, and will transform the Company into a leading international coloured gemstone producer. The company’s strategy is to consolidate the Emerald and other gem mines in Zambia and across the world.
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Jewellery Trade Dubai Strategically Timed Event; Diamond Trade Crosses The $10bn Mark
Dubai, U.A.E 01 July 2008  Jewellery Trade Dubai, the trade wing of Dubai International Jewellery Week and the only business-to-business watch and jewellery event in the Middle East, will have a special spotlight on diamonds this year, and rightly so. The rapidly growing diamond trade in the region has been one of the instrumental reasons behind the establishment of a trade element as part of the high profile event, giving local, regional and international diamond traders a tailor-made platform to leverage their potential.
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DIT Group Strengthens Foothold In The UAE Jewelry Market
Italy 01 July 2008  Italian luxury house DIT Group has entered the UAE’s booming jewelry market by offering its high-end brands through Damas’ vast retail network. Founded in 2004, the Group houses signature brands Stefan Hafner, Porrati, Nouvelle Bague and Io Si, which are presently carried by 750 stockists across 30 countries.
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Dubai First Quarter 2008 Total Gold Trade Up 73% At $7bn
Dubai 18 June 2008  Dubai Multi Commodities Centre (DMCC) announced that gold trade through Dubai reached $7bn in the first quarter of 2008, up by 73% from $4.08bnduring the same period in 2007. Despite consistently high prices, Dubai's gold trade has witnessed consistent growth over the last six months, registering a 42% increase over the fourth quarter of 2007, when it reached $4.96bn. Gold price averaged $925 per ounce during the first quarter of 2008.
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