Page 148 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/26/25, 4:26 PM UAE: 1.06 Billion Carats of Diamonds Traded via Dubai
Highlighting the global market dynamics, Bin Sulayem stressed the importance of collaboration among leading consumer and trading
nations. “There are three key markets keeping the diamond industry alive: the US, India, and the UAE. We need the Kimberley Process
to remain focused, so that all of us can continue to support trade growth, resilience, and development,” he noted.
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In her opening remarks, H.E. Safeya Hashem Al Safi, Acting Assistant Undersecretary for the Commercial Control and Governance
Sector at the UAE Ministry of Economy, emphasized the strategic role of diamonds in the UAE’s economic vision. “Diamonds have been
central to this nation’s growth narrative. From humble beginnings, Dubai has grown to become the world’s leading rough diamond trading
hub. This aligns fully with our economic diversification objectives and reflects our ongoing investment in the diamond ecosystem,” she
said.

The UAE’s leadership was also praised by Feriel Zerouki, President of the World Diamond Council, who commended the nation’s efforts
in driving collaboration and reform momentum within the Kimberley Process.
Meanwhile, Jaff Bamenjo, representing the Civil Society Coalition, underlined the need for tangible outcomes in the KP’s reform journey.
“The Coalition expects the KP to make meaningful progress during the final year of its current reform cycle,” he stated.
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