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ICA launches colored-gemstone show in Dubai

January 28, 2008

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New York—In line with efforts to create a new colored-gemstone trading hub in the Middle East, the International Colored Gemstone Association (ICA) is launching the ICA International Gem Fair Dubai 2008 in Dubai, United Arab Emirates, from Oct. 13-15.

The three-day show, the region's first-ever dedicated colored-stones trade fair, will be held under the patronage of the Dubai Multi Commodities Centre (DMCC) and supported by the ICA GemBureau Middle East.

The event is expected to attract a diverse range of participants from across the value chain of the colored-gemstone industry, including manufacturers, technical-instrument providers and others, and will be used as a networking platform for traders and allied service providers.

Organizers also expect more than 150 exhibitors from Australia, Brazil, China, Germany, Hong Kong, India, the Middle East, Japan, Thailand and the United States to participate.

"Dubai has established itself as a prominent international center for the precious-commodities trade," ICA President Andrew Cody said in a press release. "The emirates' geographical advantage, located amidst international trade flows, [its] ease of doing business and the government of Dubai's commitment to playing a crucial role in boosting the commodity trade, make it a natural choice for a dedicated trade fair."

The DMCC hopes the event will attract colored-stone traders of global repute to Dubai, further raising the region's prominence in the high-growth sector, Gaiti Rabbani, executive director of the DMCC's colored-stones and pearls division, said in a release.

"DMCC launched its own dedicated colored-stones and pearls division last year, not only to complement its existing commodities portfolio but also to capitalize upon what we believed to be a strong growth sector. The outlook for the colored-stone trade has never been brighter, and this event will help shine the global spotlight on the business opportunities across the Middle East and here in Dubai," Rabbani said.
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