DMCC helps Swiss jeweller acquire rights to 404-carat diamond

Ahmed bin Sulayem and Fawaz Gruosi at the Press conference in Dubai on Sunday.
Ahmed bin Sulayem and Fawaz Gruosi at the Press conference in Dubai on Sunday.

By Rohma Sadaqat

Published: Sun 8 May 2016, 6:27 PM

Last updated: Mon 9 May 2016, 4:17 PM

The Dubai Multi Commodities Centre (DMCC) on Sunday revealed that it has facilitated the acquisition of the rights for one of the world's rarest rough diamonds ever discovered, to de Grisogono.
De Grisogono acquired the rights to the impressive 404 carat rough diamond, from Angola, from Nemesis International. Ahmed bin Sulayem, executive chairman of DMCC and chair of the Kimberley Process, together with founder and executive board member of de Grisogono, Fawaz Gruosi, spoke more about the acquisition at a Press conference, where they displayed the brilliant diamond.

"I am flattered that [the DMCC] has created an environment to encourage business in an open and transparent manner; and I would like to congratulate Ahmed bin Sulayem. With this in mind, I have the honour to present today one of the best and biggest rough diamonds in the world. It is a beautiful 404 carats, that was found in Angola, and that we have acquired the rights to market and include in our designs. This will take approximately six months to be cut, and we can already see that it is going to be a very special and exceptional super gem. We estimate that between 150-160 polished carats are going to come out, and I look forward to making a lot of beautiful creations with these diamonds," Fawaz Gruosi said.
The astonishing rough diamond is characterised not only by its sheer size, an impressive 404 carats, but uniquely by its colorlessness and flawless clarity, making it the perfect diamond in de Grisogono's pursuit for the most unique and precious stones.
"Dubai and DMCC have become the global epicenter for the diamond trade and we are delighted to have been part of facilitating the access to one of the world's largest and rarest diamonds by de Grisogono here at Almas - the world's tallest diamond tower. Not only does this further cement Dubai's role as a leading diamond trading hub globally, it also highlights how DMCC connects the industry and the producing and consuming countries along the Silk Road," bin Sulayem said.
To gain access to the most precious diamonds, de Grisogono has partnered with Nemesis International, a leading rough diamond trading company based at the DMCC, which works on a day to day basis with the best diamond mines in world to identify, select and acquire the most precious diamonds in existence. Through this unique partnership between a leading jeweler and a leading rough diamond trader, de Grisogono gains direct access to the best diamond sources in the world, while Nemesis International is guaranteed that its best stones will be incorporated into the world's most beautiful jewelry.

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