‘The Mediterranean Blue’ diamond worth an estimated $20m to be displayed in Abu Dhabi
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Latest in diamonds
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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
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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
Affordable fine jewellery
Dubai’s wealthy are taking a shine to lab-grown diamonds
The diamond industry ‘completely misunderstood itself,’ says Dubai jeweller who saw a massive spike in demand for lab-grown in 2023 following the release of Netflix documentary ‘Nothing Lasts Forever’
Ashish Vijay
Rare 1.05 carat fancy purplish red diamond returns for exclusive sale after world record auction
AV Globale is providing a unique opportunity for enthusiasts and investors to view this magnificent natural phenomena once again
diamonds
Record $35m diamond and world’s largest ruby on show in Dubai
Stunning jewels unveiled at Dubai Diamond exchange ahead of auction
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
diamonds
Dubai taxi drivers find and return AED1m diamonds, plastic bag with AED200k of gold and AED3.4m in cash
Dubai’s RTA commends taxi drivers for returning valuables found in cars
Diamond jeweller
Rare $35m pink diamond coming to Dubai
An ultra-rare ‘bubblegum pink’ diamond worth $35m is coming to Dubai ahead of auction
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
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
diamonds
Dubai Diamond Exchange sees $19.8 billion in trade during first half of year
Over 90 billion carats of polished diamonds and 120 billion carats of rough diamonds have been traded through the Dubai Diamond Exchange, housed at the Dubai Multi Commodities Centre (DMCC) since its inception in 2012
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
DMCC posts strongest ever first-half year performance registering more than 1,400 new firms
The Dubai Multi Commodities Centre has seen continued interest in its crypto centre and high volumes of trade for diamonds, tea and coffee
diamonds
Lab-grown diamonds starting to sparkle in Middle East
More consumers are opting for the sustainable gems which require no mining and look identical to traditional diamonds