ALROSA returned to Dubai and has reopened its ARCOS East DMCC sales office in Dubai in November after suspending activity in the emirate during the market downturn in 2009. In a press release published today, ALROSA said the decision to reopen is connected to the rapid growth of Dubai as a global diamond-trading center.
Among the Russian diamond miner’s goals for the Dubai presence are holding local auctions as well as “controlling current market conditions and making forecasts on rough diamond prices.”
