The UAE is a fascinating country in the Middle East, located on the Persian Gulf at the southeast end of the Arabian Peninsula. The Emirates, a vibrantly culturally diverse nation, never ceases to astound with its kaleidoscopic ethnic diversity. The continent holds numerous world records making it the hottest travel destination.
The UAE is a fascinating country in the Middle East, located on the Persian Gulf at the southeast end of the Arabian Peninsula. The Emirates, a vibrantly culturally diverse nation, never ceases to astound with its kaleidoscopic ethnic diversity. The continent holds numerous world records making it the hottest travel destination.
Last year, the UAE added yet another shining star to its illustrious crown. According to Ahmed Sultan bin Sulayem, the CEO of the Dubai Multi Commodities Centre (DMCC), home to the Dubai Diamond Exchange, it has surpassed Belgium as the primary trading centre for rough diamonds.
According to data, during 2015, the UAE's trade in rough diamonds has increased by 76%. Despite the Covid-19 issue, the diamond trade has increased by 83% over the last two years. Rough diamond dealers were able to trade rough diamonds worth more than $22.8 (Dh83.74) billion via the nation in the Arabian Gulf last year only. Though the staggering numbers, the promising rough diamond market of Dubai continues to soar high.
How did Dubai Become the top Trading Hub for Rough Diamonds?
There are several reasons for Dubai to rank high in the diamond trading market. Like,
- Direct flights to other diamond hotspots across the globe, such as mining nations in Africa and manufacturing hubs in India, have led to the development of interconnected supply chains with Dubai at their centre.
- Without a doubt, Dubai's advantageous location makes it simple to travel to any region in the world. Dubai is in a prime area since it is close to both Africa, where diamonds are mined, and India, where 90% of the world's polished diamonds are produced.
- Due to the presence of two Kimberly Process (KP) offices, Dubai is the only location in the nation where rough diamonds can be imported.
- Over 1,100 diamond enterprises are purportedly housed at DMCC's Dubai Diamond Exchange, which is the largest diamond tender facility in the world.
Rough Diamond Dealers in Dubai
Rough diamonds have become a centre of attraction of the UAE. Every year millions of diamonds get traded from the Emirate capital. Rough diamonds from Dubai travel around the world for their cheap price and excellent quality. Dubai has effectively surpassed Belgium in becoming one of the most top-rated trading hub of rough diamonds.
We at Anita Diamonds, are the most trusted GIA-certified round diamond dealers in Dubai. Not just round, we deal in all kinds of fancy shape diamonds in a wide variety of fancy colors. We can assist you in selecting the diamonds of your choice.
Visit for more information:
www.anitadiamonds.com
Dubai@annitadiamonds.com
+971 4256 1000
