Page 128 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/26/25, 4:24 PM Dubai traded over 1b carats of rough, polished diamonds in five years
Dubai traded over 1b carats of rough, polished diamonds in five years

UAE unveils digital traceability tool, calls for global dialogue on diamond reforms

Last updated: May 19, 2025 | 12:03
Justin Varghese, Your Money Editor

3 MIN READ

Dubai is closing the gap to be the world's biggest diamond trading hub. The deal last year between DMCC and its counterpart in Israel on diamond trade should help Dubai take the next decisive
step.
Gulf News archives

Dubai: Dubai has been cementing itself as one of the world's most powerful players in the global diamond trade—now with the numbers to prove it.

The UAE has confirmed that more than 1.06 billion carats of rough and polished diamonds were traded through Dubai over the past five years, with
179 million carats traded in 2024 alone. The figures were shared by Ahmed Bin Sulayem, the UAE’s Chair of the Kimberley Process (KP), during the
annual Kimberley Process Intersessional Meeting, held last week in Dubai.
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