1.1 The name of the exchange shall be “Dubai Diamond Exchange” and is referred to hereinafter as “DDE”.
1.2 The principal office of DDE shall be in Almas Tower at the Dubai Multi Commodities Centre (hereafter referred to as “DMCC”) in the Emirate of Dubai, U.A.E. It shall be permissible to open branches and representative offices for DDE within the Emirate of Dubai, by a decision of the Board of Directors, after obtaining the approval of the competent authorities in the Emirate of Dubai.
2.1 The objectives of DDE shall be to:
a. promote the interests and development of the diamond, precious stone and related jewellery industries in the Middle
East and adjacent regions;
b. encourage and maintain just and equitable principles of trade in diamonds, precious stones and related jewellery amongst its members;
c. eliminate abuses and unfair trade practices in relation to such trade;
d. disseminate accurate and reliable information concerning such trade;
e. cooperate – at the request and with the consent of the DMCC with governmental agencies and other relevant parties within...