|Peter Meeus, who has served as the Dubai Diamond Exchange (DDE) Chairman for the past 12 years, confirmed this week at the Dubai Diamond Conference that he will be stepping down from the position, which will be taken over by Dubai Multi Commodities Centre (DMCC) Executive Chairman Ahmed Bin Sulayem, reports IDEX Online.
"I have been involved in the establishment of Dubai as a diamond trading hub since its inception," Meeus reportedly told IDEX. "From a mere $300 million [of diamond trading] to the $26 billion it has reached today has propelled it into a mature diamond center being in the top three of the world after Antwerp and Mumbai. My work is done and I can leave the further development now in the hands of the DMCC."
Meeus also reportedly told IDEX that, "Before I leave on January 31, I will contribute to making sure in a collaborate effort with the entire trade that the VAT zero tariff on rough and polished diamonds can be agreed upon with the Federal Tax Authority of the UAE."
Peter Meeus (second from left) at the Dubai Diamond Conference.