Wednesday 13 November 2019
 
»
 
»
Story

Raisaka Masebelanga

SDKA unit wins DMCC, DDE membership

DUBAI, September 17, 2015

Dubai-based SDKA Diamonds DMCC, a subsidiary of SDKA International, a global resources firm, has announced the incorporation of its license and registration under the Dubai Multi Commodities Centre (DMCC) and Dubai Diamond Exchange (DDE).

"The incorporation of the SDKA Diamonds DMCC platform was in response to the current liquidity squeeze being felt throughout the diamond industry,” Raisaka Masebelanga, CEO of SDKA Diamonds DMCC.

“SDKA Diamonds DMCC will opportunistically exploit near term stress across the diamond industry by providing significant liquidity to the downstream and middle market sections of the diamond industry value chain. SDKA is likely to continue to follow its acquisition business model in the sector."

The regional equivalent of the London Metal Exchange (LME) and New York Mercantile Exchange (NYMEX), DMCC provides the physical, market and financial infrastructure necessary to create and maintain a thriving commodities marketplace.

The DDE, a DMCC platform, is the only diamond and coloured stones trading platform in the MENA region. With a strict code of ethics, the DDE is the only Mena region bourse registered with the World Federation of Diamond Bourses.

"Affiliation with the DMCC and DDE gives SDKA Diamonds DMCC unprecedented access to the booming supply markets of sub-Saharan Africa," noted Masebelanga. "Our membership will bolster our rapid growth and help spearhead SDKA's entry into the dynamic diamond market." – TradeArabia News Service




Tags: DMCC | DDE | SDKA |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads