Diamonds

Dubai's diamond gateway

Certified for security, quality and responsible stewardship

Diamonds have long played an illustrious role in Dubai's heritage as a gateway for global trade. Today DMCC is committed to setting the standard for the secure diamond trading in line with the highest quality standards. Our investments in world-class infrastructure and services include the government-backed Dubai Diamond Exchange (DDE), DDE Vault and commitment to the Kimberley Process.

Trade through the DDE has rapidly expanded by building on strong connections with producers in Africa, cutting centres in Asia and consumers in Europe, the US and China. Consequently, our members and global trading partners can trade with complete confidence while accessing new markets.

Dubai Diamond Exchange

The Dubai Diamond Exchange (DDE) is a unique platform that gives you access to a trusted framework for all aspects of diamond trading. As the region’s only trading exchange for diamonds and coloured stones, it is home to some of the world’s most renowned jewellery manufacturers, retailers and traders.

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DDE vault

The DDE vault is a state of the art storage facility giving you access to short and long term storage of diamonds, gold, designer jewellery and other precious items. Adhering to the highest global security standards, you can deposit or withdraw goods using a fully automated robotic system in comfort and privacy, at your convenience.

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Past events

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Kimberley Process

Safeguarding lives worldwide by stemming the trade in conflict diamonds

Following a landmark United Nations resolution, the Kimberley Process was set up to unite global administrations, civil societies and industry in reducing the worldwide flow of conflict diamonds – rough diamonds that have been used to finance wars and violence against legitimate governments.

The UAE was the first Arab country to introduce this process, and DMCC provides the only legitimate entry and exit point for rough diamonds in the country.

What the KP does

To prevent illegitimate diamonds from entering the legitimate diamond trade, the Kimberley Process requires all its members to clearly certify that shipments of rough diamonds are conflict free. With this certification, consumers can be assured that the diamonds they purchase have not been used to finance war or abuse of human rights.

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Become a KP member

The Kimberley Process is implemented in the UAE by the Ministry of Economy who authorised DMCC to manage the country’s only entry and exit point. To ensure compliance with the requirements, we maintain strict requirements regarding the provision of mandatory documentation from each member of our rough diamond trading community.

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Diamonds in numbers

See the latest diamond statistics

Table 2.1 Import of polished diamonds

Volume in carats (millions) and value in USD (billions)

Year Volume Value
2012 52.61 7.26
2013 69.63 8.92
2014 56.04 6.45
2015 55.08 6.57
2016 56.48 6.42
Q1 2017 14.02 1.73

Source: Dubai Customs

Table 2.2 Export of polished diamonds

Volume in carats (millions) and value in USD (billions)

Year Volume Value
2012 34.52 5.35
2013 47.55 7.21
2014 36.74 5.39
2015 35.54 5.07
2016 35.64 4.76
Q1 2017 8.45 1.73

Source: Dubai Customs

For rough diamonds trade figures, please refer to Kimberley Process website: https://kimberleyprocessstatistics.org/