Dubai Multi Commodities Centre Authority

Gem Auctions DMCC founded by mining entrepreneur Alan Davies, held its first-ever rough diamond auction in Dubai this week. The company sold 120,000 carats for over $57 million USD, marking the largest rough diamond auction debut by a new company in the history of the trade. Alan Davies, Founder of Gem Auctions DMCC, said: "We were delighted with the results of our first-ever rough diamond auction this week in Dubai. We attribute our success not only to strong market conditions, but also to our precise assortments and use of Galaxy ...