The UAE’s rough diamond trade reached $22.8 billion in 2021, making the country the world’s top rough diamond trade hub. 

The country has increased its rough diamond trading by 76 percent since 2015, and the diamond industry as a whole grew by 83 percent from 2020 to 2021, according to Ahmed bin Sulayem, executive chairman and CEO of Dubai Multi Commodities Centre (DMCC). 

Dubai is a key hub for the diamond trade, thanks to its connectivity and infrastructure, bin Sulayem said at the recent Dubai Diamond Conference. 

“This major milestone clearly demonstrates the determination of both Dubai and DMCC in advancing the global industry,” he said. 

“We will continue to work towards becoming the capital for polished diamonds as well.” 

(Reporting by Imogen Lillywhite; editing by Cleofe Maceda) 

imogen.lillywhite@lseg.com