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11/14/24, 12:37 PM UAE's diamond trade to hit $40 billion in 2024: Juma Al Kait
UAE's diamond trade to hit $40

billion in 2024: Juma Al Kait

WAM
11 Nov 2024, 23:28 GMT+10

DUBAI, 11th November, 2024 (WAM) -- 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.

Al Kait said that 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, and during the first half of 2024
it reached about $20 billion.

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