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11/14/24, 12:36 PM UAE's diamond trade to hit $40bln in 2024: Juma Al Kait

Large princess cut diamond on black background. Getty Images
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ECONOMY
UAE's diamond trade to hit $40bln in 2024: Juma Al

Kait

Diamonds account for a large share of the UAE's non-oil trade, exceeding 5.5%, with the
value of diamond trade reaching nearly $39 billion in 2023

Staff Writer, WAM (Emirates News Agency)

November 11, 2024

The UAE ranks third globally in the diamond trade after India and the United States, with a share of more
than 15% of total international trade in this sector.

Juma Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy, in
statements to the Emirates News Agency (WAM) on the sidelines of the sixth edition of the Dubai
Diamond Conference, organised by the Dubai Multi Commodities Centre (DMCC) as part of Dubai
Diamond Week, said that the value of the UAE's diamond trade will exceed $40 billion this year.

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