Escalating tensions involving Iran have significantly disrupted the diamond trade between India and the United Arab Emirates, halting the movement of rough and polished diamonds along one of the industry’s most important trading corridors. Since late February, the conflict has intensified following drone and ballistic missile attacks launched by Iran against targets in the UAE. […]
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]]>The UN-mandated Kimberley Process (KP) Intersessional and historic special plenary concluded in Dubai, UAE, on 17th May with progress made in key areas that will have bearings on global trade in natural diamonds. Hosted in Uptown Tower, Uptown Dubai, the headquarters of DMCC, the KP intersessional and special plenary gathered hundreds of diamond industry representatives, […]
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]]>DMCC reported that total rough and polished diamond trade in Dubai reached $38.3 billion in 2023, up 2% year-on-year and representing a five-year compound annual growth rate of 11%. Polished diamond trade was up 32% year-on-year to $16.9 billion, consolidating UAE’s status as the world’s leading diamond trade hub for rough and polished, DMCC said. […]
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]]>GIA has, for the first time, opened a grading lab in Dubai. It will offer its services to over 1,150 diamond companies at the Dubai Multi Commodities Centre (DMCC). The move follows GIA’s closure of its Antwerp lab in July 2022, which was deemed to be economically unviable. It reflects “Dubai’s status as a global […]
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]]>Dubai Design Academy (DDA), which provides accredited professional jewellery making and design courses from its base in the Dubai Multi Commodities Centre (DMCC), will host three dedicated workshops at Jewellery Arabia in Bahrain, marking the first time that live training will be integrated into the show. Taking place at Bahrain International Exhibition & Convention Centre […]
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]]>DUBAI, 17 Feb 2022 – In recognition of his exceptional achievements as an entrepreneur, industry leader and philanthropist, Jawhara Jewellery® founder and CEO Tawhid Mohammad Taher Abdullah Al Mohtadi has been selected as the first recipient of the Lifetime Achievement Award at the inaugural Jewellery World Awards (JWA) Dubai. “Whether in overcoming a regional financial […]
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]]>The Dubai Multi-Commodities Center (DMCC) and the Guangzhou Diamond Exchange (GZDE) inked an agreement aimed at creating new diamond trading opportunities between China and the United Arab Emirates. The memorandum of understanding (MoU) will grant DMCC and GZDE access to new markets, with both parties committing to promote responsible business practices among their respective members. […]
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]]>The DMCC has opened a new state-of-the-art luxury vault and safe deposit facility in the Almas Towers in Dubai. This is the second jewelry vault in the Almas Tower, which is the base of many for many of the emirate’s jewelry traders. 818 Vault is equipped with a secure dual control locking mechanism. Each safety […]
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]]>DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise announced today details surrounding its latest campaign to boost international diamond trade through the emirate of Dubai. On 2 December 2019, in conjunction with attending the Milan Coffee Festival, Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer […]
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]]>DMCC, announcing the results of the Stargems’ latest tender of rough diamonds, hosted by its subsidiary Dubai Diamond Exchange (DDE), said that not only was it one of the largest ever rough diamond tenders in the UAE, but also had the distinction of setting a new sales record for Stargems and the DDE facility. Stargems […]
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