Gem and Jewelry Trade Deal Signed by Dubai and Thailand

The Dubai Multi Commodities Center ( DMCC) and the Thai Gem and Jewelry Traders Association have signed a jewelry trade deal with the aim of boosting Dubai's Dh70 million annual trades in gems and colored stones as well as Thailand's colored stones exports.

Thailand's annual gems and jewelry exports exceed $2 billion, making it the second largest exporter of gems and jewelry in the world.

The Dubai Multi Commodities Center's affiliation with the Thai Gem and Jewelry Traders Association will provide Thailand's colored stones industry with a suitable platform to boost the country's trade, and is expected to impact on the value of colored stones in the global industry.