DMCC Celebrates Record-breaking Year in Diamond Trade

19 March 2024

DMCC Celebrates Record-breaking Year in Diamond Trade

DMCC Celebrates Record-breaking Year in Diamond Trade

DMCC, the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, announces a remarkable year for Dubai’s diamond trade in 2023, reaching USD 38.3 billion in trade value. Explore the significant growth in both rough and polished diamond segments, solidifying Dubai’s position as a global diamond trade hub.

Key Highlights:

  • USD 38.3 billion worth of rough and polished diamonds traded in 2023
  • 32% year-on-year growth in the value of polished diamonds traded
  • Emergence of UAE as a major player in lab-grown diamond trade, reaching USD 1.6 billion
  • Ahmed Bin Sulayem leads Kimberley Process as Chair for 2024, focusing on industry efficiency
  • Dubai Diamond Week to convene industry leaders for strategic discussions on future growth

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, emphasizes Dubai’s ascent as a premier diamond trade destination, attracting major industry players worldwide. With continued investment and support for both natural and lab-grown diamond sectors, Dubai remains at the forefront of global diamond trade innovation and growth.

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19 March 2024

DMCC Celebrates Record-breaking Year in Diamond Trade

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