The ICA Annual Congress is set to take place from February 15 to 17 next year, at DMCC’s Almas Conference Centre
Dubai Multi Commodities Centre (DMCC) has signed an agreement with the International Association of Colored Gems (ICA) to hold the Annual ICA Congress 2023 in Dubai.
ICA is a non-profit organization and a global body specifically created to benefit the colored gemstone industry. It includes more than 500 leaders of the jewelry industry from mining to market entry, including miners, gem cutters, suppliers, retailers, trade associations, gemological laboratories, academia and museums.
At the annual Congress, which will be held from February 15 to 17 next year at the DMCC Almas Conference Center, hundreds of leaders of the gemstone industry will come together to share opportunities and solve problems facing the industry to promote the colored gemstone sector.
The Congress follows JGT Dubai, which takes place at the Dubai World Trade Center from February 12 to 14, 2023.
Clement Sabbagh, President of the International Association of Colored Gemstones, said: “The ICA Congress is a unique event that brings together the most diverse and prestigious leaders in the colored gemstone sector. At each congress, ICA presents dynamic speakers, compelling panel presentations and opportunities for our incredibly diverse industry to come together and exchange ideas, look for ways to collaborate and challenge each other to explore ways to strengthen and develop the color industry.”
Hosting the Annual ICA Congress in Dubai is part of a broader DMCC effort to expand the global gem trade. So far this year, DMCC has held four tenders for colored gemstones at its Dubai Diamond Exchange (DDE), the world's largest gemstone tender site. DDE creates ideal conditions for trading colored gemstones, and white crystal showcases allow potential buyers to view and evaluate colored stones without worrying about tinted lighting.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said: “Since we last partnered with ICA to host their Annual Congress in 2007, DMCC has become a catalyst for global commodity trading. From a position of almost zero trade in precious stones, we have turned Dubai into one of the world's leading diamond trading centers. Just in the last few months, we have witnessed one of the purest pink diamonds in the world, a record ruby and other rare stones decorate the hall of our famous Dubai Diamond Exchange, as the world's precious and colored stone communities are looking for DMCC to conduct their most important business.
“DMCC's star continues to grow and we are firmly focused on colored gemstones as part of diversifying our gemstone product range and creating the next major hub for the sector worldwide. Therefore, we are pleased to once again collaborate with ICA, the world's leading authority in the field of colored gemstones, to host the annual Congress 2022 in Dubai at this crucial moment for DMCC and the industry as a whole.”
In other news, DMCC announced that over the past five years it has recorded a twofold increase in the number of Chinese companies in its free zone.