Dubai Cut Diamond

‘DUBAI CUT’ Diamond Unveiled

6-Dec-2005 - The Dubai Metals and Commodities Centre (DMCC) today unveiled the ‘DUBAI CUT’ an exceptional new cut of diamond. The unique and exclusively patented cut of diamond has 99 facets, and is exclusively produced by Kristall Corporation, for DMCC.

Kristall, the largest Russian polished diamond manufacturer, will produce the unique and beautifully manufactured DUBAI CUT exclusively for DMCC under a legal patent. The internationally renowned diamond organization known for its high quality standards, will produce a limited number of around 1800 stones annually. Each diamond will be laser-inscribed with a serial number and will be presented with a certificate of authenticity stating that the stone is mined, cut and polished in Russia and meets the highest quality standards. The basic characteristics of the stone (colour, clarity and weight) are also included.

“The 99 faceted DUBAI CUT diamond was inspired by the 99 holy names of ALLAH, and will become a national jewel,” said Ahmed Bin Sulayem, Chief Operating Officer of DMCC. “The “DUBAI CUT” will be an internationally renowned brand synonymous with a flawless reputation, the highest quality and unique creativity in design” he continued.

“We have a long standing relationship with Kristall and we have worked closely with them over the past years to establish trade relations and sharing of vital information with regards to the industry. We are confident of their reputation in the global arena and we believe they are the ideal partners for this revolutionary project”.

“We are extremely delighted to join DMCC as an exclusive partner to create this piece of art. Dubai has rapidly emerged as a global hub for the diamond industry, with DMCC at its centre through industry dedication and the creation of innovative products and services. The Dubai Cut will further enhance Dubai’s position in the global diamond world” said Maxim Shkadov, General Director of Kristall. “Kristall is the leading Russian polished diamond manufacturer. It has always been in the vanguard of the industry and is today one of the major players in the international market. For over forty years, the company has manufactured diamonds of superb quality, ideal proportions and magnificent brilliance while strictly adhering to the highest industry ethical standards, including a commitment and track record of leading the fight against blood diamonds, conflict diamonds, and child labour.”

Only member companies of DMCC will have the opportunity to qualify for a license to trade the DUBAI CUT diamond in their products. DMCC will invite its members to submit their applications for consideration in mid-February. The criteria for qualification is very stringent and only a few will be short listed for license consideration.

The creation of the innovative Dubai Cut diamond is an addition to the industry specific portfolio successfully established by DMCC. The Dubai Diamond Exchange along with the recently launched Dubai Gem Certification service are a demonstration of DMCC’s commitment to the Diamonds and Coloured Stones industries.

Source: DMCC
www.dmcc.ae