- DMCC announces 17% diamond trade growth in 2022 as it hosts international coloured gemstone association annual congress in Dubai the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has reported a 17% ye
Dubai Multi Commodities Centre (DMCC) has reported a 17% year-on-year increase in the value of diamond trade in 2022, totalling $37.4 billion for rough and polished diamonds combined.
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DUBAI, 16th February, 2023 (WAM) DMCC has reported a 17 percent year-on-year increase in the value of diamond trade in 2022, totalling US$37.4 billion combined for rough and polished diamonds, including a 42 percent rise in the polished category and a consistently strong 7 percent rise in rough.The soaring figures are further evidence of the rapid rise of Dubai as the world’s leading hub for rough and polished diamonds. The UAE has witnessed soaring growth over the past three years, with rough diamond trade.