PHOTO
- Facility has the capacity to boil over 1.4 million carats of diamonds each month
- Located in DMCC, the facility caters to the region’s rising demand for world-class industry services for precious stones
- USD 25 billion worth of rough and polished diamonds traded in the UAE in 2018
Dubai: DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – participated in the official opening of TRIGEM’s Charlotte Boiling facility yesterday. The facility is located in the heart of Dubai’s diamond hub, the Jewellery and Gemplex Building, in Jumeirah Lakes Towers (JLT), Dubai.
The new facility, launched in partnership with Antwerp’s Charlotte Boil, offers the highest quality of boiling services for rough and polished diamonds using the exclusive Antwerp Charlotte Boil chemical formula. The facility has the capacity to boil over 1.4 million carats each month and will cater to the region’s growing diamond industry.
“Congratulations to the entire team behind TRIGEM’s Charlotte Boiling facility. This new state-of-the-art facility will support the growth of Dubai’s status as the world’s leading diamond trading hub. We are confident that this development will help drive trade and encourage more businesses to set up in DMCC. As the UAE plans for the next 50 years, we are committed to supporting the nation’s long-term growth by continuing to build the right partnerships and developing the infrastructure demanded by the trade,” said Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC.
This new value-add service complements TRIGEM’s rough diamond manufacturing and polished diamond recutting unit launched last year. The company provides mining companies and diamond traders around the world with a one-stop-shop in Dubai and have launched the facility to serve the region’s growing demand for high quality services. TRIGEM Charlotte Boiling facility is the first independent boiling facility in the emirate and will further strengthen Dubai’s diamond industry ecosystem.
"We're thrilled to partner with the world's best diamond boiler, Charlotte Boiling from Antwerp to be the first independent, Belgian-quality boiler in Dubai. By offering one of the most critical services in the rough to market value chain, our superior and trusted diamond boiling will not only empower local traders to get more value from their diamonds, but also allow more miners from around the world to begin utilizing Dubai as a one-stop-shop, marketing hub for their productions. Our confidence in Dubai evolving into the diamond capital of the world is a reflection of our confidence in both DMCC and the entire UAE Government, and we're excited to play a vital part in it,” added David Zabinsky, Chief Executive Officer, TRIGEM.
The official inauguration of the TRIGEM Charlotte Boiling facility was marked with an opening ceremony attended by His Highness Sheikh Ahmed Bin Manna Bin Khalifa Saeed Al-Maktoum, Partner, TRIGEM; Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC; David Zabinsky, Chief Executive Officer, TRIGEM; Alan Davies, Chairman, TRIGEM; Cameron Parry, Non-Executive Director, TRIGEM; and Samuel Ollech, Chief Executive Officer, Charlotte Boiling, Antwerp.
In January, TRIGEM signed an agreement with Transguard, one of UAE’s leading security and logistics firms, to provide secure transport services for its diamonds. With two daily shuttles from TRIGEM’s diamond servicing facility to Almas Tower six days a week, TRIGEM Charlotte Boiling facility will be able to process and deliver over 1.4 million carats of diamonds each month.
-Ends-
Media Enquiries:
DMCC
PR & Corporate Communications
pr@dmcc.ae
About TRIGEM DMCC
TRIGEM Charlotte Boiling is a joint initiative between TRIGEM DMCC, an independent, globally trusted diamond service provider in Dubai and Charlotte Quality Boiling, a renowned diamond boiling service provider in Antwerp. TRIGEM Charlotte Boiling's unique, exclusive, and top-secret boiling 'recipe' used in Belgium allows miners and traders to get more value from their material with unmatched trust and discretion before tender or sale. With a monthly capacity of over 1.4m rough carats per month, TRIGEM Charlotte Boiling will also offer light boiling for polished material. This serves as a strong complement to TRIGEM DMCC's manufacturing unit, which has a 400 rough carat per month capacity, empowering global traders and jewellers from around the world with cost-effective and high-quality diamond manufacturing, recutting, and upgrading.
About DMCC
Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future. www.dmcc.ae
© Press Release 2020Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
