Dubai saw almost 179m carats of diamonds traded in 2024
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Latest in diamond
Abu Dhabi
Sotheby’s unveils $100mn diamond collection in historic Abu Dhabi exhibition
The exhibition, hosted in partnership with the Abu Dhabi Investment Office (ADIO) at the Bassam Freiha Art Foundation on Saadiyat Island, features several rare diamonds including the ‘Mediterranean Blue’
Abu Dhabi
Ultra-rare $20m diamond coming to Abu Dhabi
‘The Mediterranean Blue’ diamond worth an estimated $20m to be displayed in Abu Dhabi
diamond
UAE diamond trades to top $40bn this year with only India and US sparkling more
UAE diamond trade market ranked third in the world behind India and US as it is expected to reach $40bn this year
diamond
Smartphones overtake diamonds as India’s largest product export to the US
Export of iPhone and other smartphone brands to the US reached $2 billion in the June quarter, compared to $1.44 billion for non-industrial diamonds
diamond
Dubai Diamond Week brings extra sparkle to city free zone
The Dubai Multi Commodities Centre (DMCC) has announced the agenda for Dubai Diamond Week, a world-first gathering of the global diamond industry in Dubai from November 11 – 15
Auction
Dubai free zone to host record diamond auction, 50,000 carats on sale
Dubai’s DMCC and Rapaport Diamond Corporation to host historic jewel auction
diamond
DMCC: Dubai free zone accounts for 15% of FDI, 7% of GDP and targets real estate and AI growth
DMCC has seen significant growth to underline its importance to the Dubai economy
diamond
Dubai announces diamond trade passed $38bn last year
Dubai has become a major hub in the global diamond trade with DMCC reporting sparking success stories
diamond
UAE diamond investments rise: All you need to know as a buyer
As the demand for diamonds in as an investment rise in the country, here is all you need to know as a buyer
Al Nassr
Cristiano Ronaldo given $119,000 Jacob & Co. watch at opening of Saudi store
Ronaldo wears celebration-inspired watch with 26 baguette-cut white diamonds
diamond
Dubai diamond major Evermore eyeing UAE, GCC expansions
Evermore is set to foray into Saudi Arabia, and Bahrain in the first leg of its GCC expansion
diamond
UAE diamond brand Evermore to dazzle Indian market with big entry plans
Evermore is scouting for a big name from Bollywood – either from the film or the music industry – to rope in as its brand ambassador to make a splash in the highly competitive sub-continent market
Blockchain
Why NFT creator Icecap saw Dubai HQ move as ‘no-brainer’
Launched in Denver, Colorado in 2020, the company has moved its HQ to within Dubai Multi Commodities Centre
Antonio Vietri
Gallery: Most expensive shoes in the world – costing $19.9m – unveiled in Dubai
Designed by Italian designer Antonio Vietri, The Moon Star shoes, valued at Dhs73 million ($19.9 million), were unveiled on Friday in Dubai Marina as part of MIDE (Made in Italy, Designed in Emirates) Fashion Week.
Anglo American
De Beers diamond sales slump again in another gem warning sign
The Anglo American unit sold just $415 million of gems in its fourth sale of the year, down 25% from a year earlier
diamond
Diamond traders need to work harder to attract millennials, says Dubai retailer
Off-the-shelf offerings no longer satisfy millennials, who largely focus on getting value for money