Dubai witnesses the sale of rough diamonds for 19 million dirhams

The Dubai Multi Commodities Center announced today the sale of an exceptional rough diamond weighing more than 100 carats for $5.218 million (about 19.1 million dirhams), as part of a record-breaking tender held at the Dubai Diamond Exchange.

The center said in a statement that the 118.58-carat type IIa diamond was offered to major diamond trading companies from India, Israel and Europe in a tender hosted by the world's leading auction house and rough diamonds "Transatlantic GemSales".

He added that this comes after a tender organized by "Star Gems" at the Dubai Diamond Exchange during December 2020, which broke records, as it witnessed sales of rough diamonds worth $87 million.

Ahmed bin Sulayem, CEO and CEO of DMCC, said, "The new achievement is added to the DDE's record of successes in organizing tenders with high efficiency." Our efforts and our keenness to provide enough space to welcome everyone, which is why we intend to increase our capacity by three times during the next six months.”

Bin Sulayem continued, "Our current position as a market based on transparency and with a developed regulatory environment has made Dubai an attractive destination for legitimate traders who are looking for fair prices to sell their gem diamonds, especially those residing in Africa, which is close to us and is not far away."

For his part, the owner of Transatlantic Jim Sails, Anthony Peter, said: "We are proud to host a tender to sell this exceptional stone and set a new record for the Emirate of Dubai," noting the efforts made by the Dubai Multi Commodities Center and the Dubai Diamond Exchange, and their main role in crystallizing the trade scene. Minerals and precious stones in Dubai, in a way that proves to the world that Dubai is the capital of diamonds.

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