Sign UpSign In
Newsroom Full Article

Dubai's Diamond Trade Hits $37bn

February 20, 23 by John Jeffay

(IDEX Online) - The Dubai Diamond Exchange (DDE) has reported a 17 per cent increase in rough and polished trade last year, up to $37.4bn.

DDE, founded in 2002 as part of the Dubai Multi Commodities Centre (DMCC), said last February that it had overtaken Antwerp as the top trading hub globally for rough diamonds - over $22.8bn in 2021 - and "looks to become the largest diamond trade hub for rough and polished combined".

Antwerp no longer publishes its data, and a DMCC spokesman said it was therefore unable to make direct comparisons.

DDE saw a 42 per cent rise in polished trade and a seven per cent rise in rough, although it did not give actual figures.

Over the last three years, rough diamond trade has risen by 72 per cent and polished by 50 per cent - a combined increase of 64 per cent.

Pic shows DMCC, home to DDE

Share |
Diamond Index
Related Articles

Dubai "to become World's Largest Hub for Rough and Polished"

June 14, 22 by

Read More...

Dubai Reports Record $19.8bn Trade in H1

August 30, 22 by John Jeffay

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.