The UAE tops the list of rough diamond trading centers in the world
The UAE topped the list of rough diamond centers in the world, after the volume of trades in this sector in the country exceeded $22.8 billion during 2021, according to Ahmed bin Sulayem, CEO and CEO of the Dubai Multi Commodities Center, who confirmed that the polished diamond sector in the UAE continued to grow. At an accelerating pace, the country came to the fore in the ranking of countries around the world.
Bin Sulayem's remarks came in his opening speech to the fifth edition of the Dubai Diamond Conference, which was hosted by the Dubai Multi Commodities Center - the authority of the Dubai government specialized in trade in goods and projects - at Atlantis, The Palm, Dubai under the slogan "The Future of Diamonds" and was attended by 550 high-ranking government officials, trade union members and industry leaders. From various categories of supply chains, from miner operators and diamond manufacturers to finance companies and traders.
Speakers at this year's Dubai Diamond Conference included Dr. Diamanto Azevedo, Minister of Mineral Resources, Oil and Gas of the Republic of Angola, Bruce Cleaver, CEO of De Beers Group, Sergey Ivanov, CEO of Alrosa, Yoram Davas, President of the World Federation of Diamond Bourses, and Ronnie van da Lin, President of the International Association of Manufacturers Diamond.
Since 2015, the value of the rough diamond trade in the UAE has increased by 76%, surpassing Belgium, which is the leading center for the trade of rough diamonds in the world. globally.
Direct flights between the UAE and other diamond centers around the world, including African countries that host diamond mines and diamond manufacturing centers in India, have contributed to the existence of a connected supply chain, located exactly in the middle of Dubai, just as Dubai hosts the two offices of the Kimberley Process (KP) in the country. It makes the emirate the only gateway for rough diamonds to enter the Emirates.
Ahmed bin Sulayem, CEO and CEO of DMCC and Chairman of the Board of Directors of the Dubai Diamond Exchange, said: I am pleased to share with you the news of Dubai’s solutions in particular and the United Arab Emirates in general in being the number one trade in rough diamonds in the world during 2021 and with the volume of trade exceeding the diamond sector Rough $ 22.8 billion over the past year We continue our growth journey thanks to the trust and support we receive from many of our guests who are here today to achieve this great achievement together, which comes as proof of the commitment of both Dubai and DMCC to advance the global diamond industry.
He added: After the UAE has become the capital of the rough diamond trade in the world, we are aware of the importance of following the global trends of the sector, taking the required steps and following the best practices. In the world.
The conference discussed the most difficult challenges facing the sector and opportunities for growth in it, and its agenda included four main discussion sessions with the titles, "Why did diamonds perform so well during the Covid pandemic?"
and 'New Consumers and Changing Requirements', 'Rethinking the Diamond Supply Chain' and 'The Sector from a Trade Union Perspective'.
DMCC has always played an active role in enhancing Dubai's presence as a leading global center for diamond trade, in line with its vision of attracting, facilitating and directing new trade flows to the emirate.
Today, the Dubai Diamond Exchange, the largest facility for hosting diamond tenders, hosts more than 1,100 international and regional companies specialized in the diamond and precious stones trade. .
Follow our latest local and sports news and the latest political and economic developments via Google news