The Dubai Diamond Exchange (DDE) has sought assistance from international diamond-financing banks to set up operations in Dubai to support the region’s diamond trade, reports Emirates Business 24/7.%%Banks in India, Antwerp and other prominent funding associations across the world have been approached. DDE chief executive Youri Steverlynck mentioned that “more than half of the 265 DDE-registered diamond traders are Indian companies. The presence of more banks is needed to develop the bourse”.%%“We are talking to the State Bank of India (SBI), ICICI Bank and Bank of Baroda to start full-fledged businesses in the exchange,” he added. Also talks seem to have been triggered with the government and the central bank. The Bank of Baroda, which was recently appointed as a clearing bank for the Dubai Gold and Commodities Exchange (DGCX), has started diamond financing on a selective basis.