The Dubai Diamond Exchange (DDE) said it had signed an agreement with Transguard, the Emirates Group's security services provider, to offer its members special shipping rates for secure international transportation of diamond shipments to Mumbai, Antwerp, London, New York and Geneva.

“The rate of freight charges for shipment of valuables originating from Dubai has been an area of concern for Dubai-based diamond traders, thereby affecting the development of the diamond trade,” he added.

“DDE has taken a proactive role in addressing these concerns and has worked closely with Transguard, which has already established a strong reputation for itself as a reliable and stable security services provider with a wide range services” he added.

“We are very proud to be selected as the official freight forwarder by the Dubai Diamond Exchange which has a wide member database with its clientele ranging from various nationalities and diamond trading centres across the globe. This symbiotic partnership will certainly enhance the overall facilitation in the handling process” said Dr Abdulla Al Hashimi, divisional senior vice-president of Transguard.

“We hope by extending the state-of-the-art facilities, systems and equipment to DDE members, Transguard will further invigorate and contribute to the already growing diamond business in Dubai and UAE on the whole. ” he added.

Transguard already has a similar agreement with the Dubai Multi Commodities Centre, the parent arm of DDE, to offer reduced rates to its members for gold shipments to all the major gold centres served by the Emirates.

Miles can be redeemed for free air tickets, upgrades, excess baggage, usage of lounges, special hotel rates and other offers introduced by Skywards from time to time with conditions applying.

DDE capitalises on the rapidly growing trade flow of diamonds through the region and was established with the primary objective of promoting regional trade and global accessibility for local, regional and international diamond marketing participants.

DDE, a Dubai Multi & Commodities Centre, and Dubai government initiative, rated 'A' by Standard & Poor's, promotes and strictly adheres to the Kimberley Process Certification Scheme. Its members represent global players from New York, Antwerp, South Africa, Mumbai, the UAE and other international centres.

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