Dubai saw almost 179m carats of diamonds traded in 2024
diamond trading
Latest in diamond trading
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 trading
US-China tensions force Indian diamond industry to cut production by 40%
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
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
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’
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
commodity trading
Diamond in Dubai sells for more than $5m
118.58 carat type IIa stone was viewed by top diamond trading companies from India, Israel and Europe at a tender hosted by Trans Atlantic Gems Sales
diamond trading
How Dubai’s biggest bank aims to double diamond financing book by 2025
Emirates NBD announces plans to increase financing available to the Dubai diamond industry
Commodities
Dubai’s DMCC unveils world’s largest diamond trading floor
Dubai aims to become the world’s biggest international diamond trading hub by 2023