The Dubai Diamond Exchange (DDE) has further expanded its Board of Directors with the appointment of Dr. Robert Mhlanga, Chairman of Mbada Diamonds.
Mbada Diamonds (Private) Limited is a joint venture between Zimbabwe Mining Development Corporation through Marange Resources and New Reclamation Group through Grandwell Holdings. It has produced 22.4 million carats to date with a turnover of over a billion dollars and is as such the third largest diamond mining company in Africa.
"The Dubai Diamond Exchange has gained global recognition and is currently ranked among the world's top three market places for rough diamonds. With prominent industry executives on the Board of Directors, we are confident of enhancing Dubai's strength as an attractive diamond trading hub," says Ahmed Bin Sulayem, Executive Chairman, DMCC. "We are well positioned to cater for those producing countries in Africa to trade through to the consuming countries in Asia along what we call the New Silk Route. We are delighted to have Dr. Mhlanga on our Board bringing his experience and depth of knowledge to our exchange," he adds.
In 2013, the DDE also appointed the Hon. Prof. Francis Pedzana Gudyanga, Permanent Secretary of the Mines and Mining Development of the Republic of Zimbabwe and Levy Rapoo, CEO of the South African Diamond and Precious Metals Regulator (SADPMR).
"The prominence of high profile industry executives on the DDE's Board of Directors reflects our truly global status in the diamond trade," adds Peter Meeus, Chairman of the Board of Directors of DDE.