diamond trading Archives

diamond

Dubai announces diamond trade passed $38bn last year

Written by Staff Writer

Thu 14 Mar 2024Thu 14 Mar 2024

Dubai has become a major hub in the global diamond trade with DMCC reporting sparking success stories

diamond trading

US-China tensions force Indian diamond industry to cut production by 40%

Written by Staff Writer

Thu 16 Feb 2023Thu 16 Feb 2023

The US is the largest importer of diamonds from India, while China is the second largest market of Indian cut and polished diamonds

diamond jewellery

India’s diamond industry lose sparkle, pushing 20,000 workers out of job

Written by James Mathew

Mon 9 Jan 2023Mon 9 Jan 2023

Continuing slump in demand for cut and polished diamonds in the West and China is impacting about 4,000 processing units in Surat, in Modi’s home state of Gujarat

commodity trading

Gemological Institute of America to set up gem lab in DMCC’s Uptown Tower

Written by Staff Writer

Tue 26 Jul 2022Tue 26 Jul 2022

The new GIA laboratory, set to open in mid-2023, will occupy over 41,000 square feet, and would see up to 500 skilled new jobs created in DMCC’s business district

Commodities

Dubai’s diamond industry is ‘truly flourishing across the board’

Written by Justin Harper

Sat 11 Jun 2022Wed 29 Jun 2022

The UAE’s first-quarter diamond trade rose 36 percent to $11 billion following a record 2021 performance in which it became the world’s leading hub for rough diamond trade