DMCC welcomes Trigem’s fully certified Belgian diamond facility to Dubai
Commodity Online | February 18 2020
UPDATED 14:29:46 IST

Saudi Arabia Eyes Total Dominance In Oil And Gas

Wild Volatility Continues As US Markets Attempt To Establish New Trend

LME issues discussion paper on development of electronic options market

Russell 2000 Gaps Present Real Targets

Metals trade lower on profit booking; oil prices extend gains ahead of inventories

  • TRIGEM opens Belgian certified independent boiling facility in Dubai in partnership with Charlotte Quality Boiling Belgium
  • Facility has the capacity to boil 400 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

Dubai, UAE; 18 February 2020: 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 up to 400 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 purpose-built coloured gemstone, diamond and jewellery facility inaugurated 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 second 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 over six days a week, TRIGEM Charlotte Boiling facility will be able to process and deliver over 1.4 million carats of diamonds each month.

Media Enquiries:
PR & Corporate Communications