Dubai-Mubasher: Dubai is the only place where banks are still ready to invest in the rough diamond fields, according to Dubai Multi Commodities Centre (DMCC).
The Ministry of Economy managed to make UAE become a signatory of the Kimberley Process in 2003 to stop conflict zone diamonds from being traded.
Dubai is now one of the top three centers for diamonds and gems in the world, said DMCC chairman Ahmed Bin Sulayem.
African countries will be the primary losers in this industry shakeout, yet the investments pumped during the past decade will generate profits in 2016, he added.
