DDC Signs Deal with Chinese Bourse

RAPAPORT...The Diamond Dealers Club (DDC) has signed a memorandum of understanding(MoU) with the Shanghai Diamond Exchange (SDE) in an ongoing effort to facilitatebusiness opportunities. The SDE delegation's visit to the New York-based DDC is the Chinese bourse's first in more than 10 years, and will be the start of a series ofcollaborations between the groups. "As a member of a bourse or an exchange, there is so much opportunityto network and meet members of other clubs who can work together and benefiteach other's companies," DDC president Reuven Kaufman (pictured, left) said last week. The deal will help US diamond dealers benefit from the rapidgrowth in the Chinese market, said Lin Qiang, president of the SDE (pictured, right). Apartnership that unites organizations from the two leading diamond markets -the US and China - is a win for both groups, he added.