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DMCC ecosystem

Diamonds

Setting the benchmark for trade in rough and polished diamonds

In the span of two decades, DMCC has proven the lynchpin in Dubai’s transformation into a global titan of trade in diamonds.

From joining the Kimberley Process in 2003 to housing the largest diamond tender facility on the planet, DMCC has created a comprehensive ecosystem that champions transparency and security, setting the benchmark for international trade in diamonds.

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Home to more than 1,300 leading companies from across the sector, DMCC’s Diamond Ecosystem provides your business with the cutting-edge facilities, services and platforms required to thrive globally.

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#1

World’s largest trading hub for rough diamonds

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$37.4 billion

Value of trade in rough and polished diamonds in 2022

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42%

YoY increase in polished diamonds trade in 2022

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+17%

YoY increase in the value of all diamond trade in 2022

Source: DMCC (WAM)

Member benefits

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Customised licences

Customised licences covering everything from manufacturing and processing to trade marketing and consultancy services.

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Support services access

Access to assortment, valuation and sales support services.

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DDE Vault

Access to the DDE Vault, a state-of-the-art diamond storage facility.

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Insurance access

Members gain access to a vast range of insurance products and services covering all facets of their operations.

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Customs processes

DMCC can assist with all customs processes.

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DDE: The global standard for diamond tenders and auctions

In a global first, the DDE has established a Tender Best Practice Forum Code of Conduct, which sets out the key principles for rough and polished diamond tenders and auctions in support of both suppliers and buyers. Membership of the Forum is by invitation only and is extended to DDE members who have conducted a minimum of two tenders in the 12 months prior to the establishment of the Forum.

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Flexible financing with DMCC Tradeflow

DMCC Tradeflow is your premier online platform for registering commodities stored in UAE facilities. Beyond just registration, Tradeflow offers tailored online services, from collateral to trade financing, as well as specialised Islamic Finance solutions. Dive into the future of trade finance with DMCC Tradeflow.

The DDE Vault

The DDE Vault is a state-of-the-art storage facility that offers short and long-term storage solutions for diamonds, gold, designer jewellery and other precious items. Adhering to the highest global security standards, deposits and withdrawals can be made via a fully automated robotic system at the client’s convenience.

Situated in the iconic Almas Tower, the DDE Vault seamlessly connects major precious stones trade routes, making it an unparalleled storage hub for clients in the Indian subcontinent, Southeast Asia, Europe, and Africa.

Proudly managed by Ferrari Security & Vaulting DMCC, the state-of-the-art facility boasts 24/7 security, diverse storage and insurance options, and efficient drop-off facilities. Positioned near key transport networks, including Dubai International Airport, it serves as a lynchpin in Dubai's logistics infrastructure.

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System of Warranties

The System of Warranties (SoW), mandatorily affixed to all invoices or memos, activates each time a diamond - whether rough or polished, loose or set in jewellery - is transferred between parties. It serves as a corporate assurance that the sourced diamond complies with the Kimberley Process Certification Scheme (KPCS), aligning with globally recognised standards for human and labour rights, anti-corruption, and anti-money laundering practices. The SoW is a cornerstone of corporate responsibility in the diamond trade, embodying a commitment to ethical sourcing and transparent business operations. 

The World Diamond Council (WDC) last updated its SoW terms in 2018. All ecosystem members are bound by the terms of the SoW when trading diamonds and should take the following steps as per WDC guidelines: 

  1. Download a copy of the guidelines and register on the SoW website
  2. Complete the SOW self-assessment and download a copy of the submission
  3. Include the SoW warranty statement on all invoices and memos
  4. Keep a record of all SoW mandated transactions
  5. Update online registration and complete self-assessment on regular basis.

Join DMCC today

Home to more than 24,000 companies, from innovative start-ups to global powerhouses, DMCC stands as the world’s premier business hub. Every month, more than 250 visionary businesses join the community, benefitting from an unrivalled suite of world-class support services and state-of-the-art infrastructure. Join DMCC today and create your future in step with Dubai’s unique spirit of enterprise and innovation.

Industry news

Networking & events

Ecosystem members benefit from an extensive range of professional networking opportunities, from dedicated clubs catering to specific industry sectors to exhibitions and industry events.

Ecosystem knowledge bank

Information guides and essential documents relating to the Ecosystem.

Built for success

With 24,000+ member companies representing 180+ countries specialising in 900+ business activities, DMCC is the world’s most dynamic business hub and district. Here are some of our success stories.

Apply now

Fill out your application and start your diamond business in DMCC