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11/14/24, 12:37 PM UAE diamond trades to top $40bn this year with only India and US sparkling more - Arabian Business: Latest News on the Middl…
UAE diamond trades to top $40bn this
year with only India and US sparkling
more
UAE diamond trade market ranked third in the world behind India
and US as it is expected to reach $40bn this year
The UAE ranks third globally in the diamond trade after India and the United States, with a
share of more than 15 per cent of total international trade in this sector.
Juma Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of
Economy said that the value of the UAE’s diamond trade will exceed $40bn this year.
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, Al Kait said that
diamonds account for a large share of the UAE’s non-oil trade, exceeding 5.5 per cent.
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