As the DMCC hosted its flagship Dubai Diamond Conference (DDC) on February 21, 2022, Ahmed Bin Sulayem, Executive Chairman and CEO of the DMCC, announced that the UAE has “reached the top spot globally as a rough diamond hub” as it traded over $22.8 billion worth of rough diamonds in 2021, Rough & Polished reports.
According to the report, the UAE “has increased its rough diamonds trade by 76%” since 2015, overtaking Belgium as the world’s leading rough trade hub. From 2020 to 2021, the total diamond trade in the UAE grew by 83%.
Ahmed Bin Sulayem said in his opening remarks: “I am humbled to share that in 2021, Dubai, UAE, became the number one rough diamond trading hub in the world […] this major milestone clearly demonstrates the determination of both Dubai and DMCC in advancing the global industry […]”.
