Hong Kong, China and Dubai are coming together in an agreement which is being signed between the Dubai Multi Commodities Centre (DMCC) - the government-backed centre in Dubai, and the Hong Kong Gemstone Manufacturers' Association (HKGMA). The agreement is to build industry-specific trade relations for coloured stones and pearls.
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According to HKGMA president Johnson Sin, “The Middle East is home to a young population, and increasing liquidity has meant that the region is fast becoming a huge consumer market for jewellery and gemstonesâ€.
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The pact deals with knowledge sharing of local market and expertise, along with executing joint marketing efforts through trade forums, exhibitions, seminars and jewellery events.
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Gaiti Rabbani, the executive director of DMCC’s coloured stones & pearls division said, “Middle East, China, Hong Kong and Thailand are emerging economies with a strong trade in coloured stones and pearls. Together, the DMCC and HKGMA cover these important centres of gemstone production and consumption.â€
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