Dubai will emerge as the centre for the coloured gemstones industry where miners, traders and manufacturers create an encouraging atmosphere for the future
DUBAI, 16th February, 2023 (WAM) DMCC has reported a 17 percent year-on-year increase in the value of diamond trade in 2022, totalling US$37.4 billion combined for rough and polished diamonds, including a 42 percent rise in the polished category and a consistently strong 7 percent rise in rough.The soaring figures are further evidence of the rapid rise of Dubai as the world’s leading hub for rough and polished diamonds. The UAE has witnessed soaring growth over the past three years, with rough diamond trade.