Dubai – Mubasher: Nemesis International on Thursday announced the inauguration of the first diamond polishing factory (Almas Diamond Services) in the UAE during the Dubai Diamond Conference 2017.
The projects was executed in partnership with the Angolan National Diamond Trading Company (Sodiam EP), according to the Dubai Multi Commodities Centre (DMCC).
"We are proud to inaugurate this state-of-the-art polishing and technology facility, which will contribute to Dubai’s standing as a leading global diamond center on par with New York, Antwerp and Mumbai," said Konema Mwenenge, CEO of Nemesis International.
“This joins the world-class facilities that the Almas Tower offers, including customs, insurance, banking, a Kimberley Process office, and international tenders of a wide range of rough diamonds,” Dubai Multi Commodities Centre DMCC’s chairman Ahmed Bin Sulayem.
Statistics by National Bank of Fujairah (NBF) recently showed that the diamond-financing market in the UAE has reached AED 5.5 billion ($1.5 billion).
