Latest news with #DubaiDiamondExchange
Khaleej Times
02-07-2025
- Business
- Khaleej Times
Enduring brilliance: Challenging misconceptions about the value of natural diamonds
It was with immense pride and indeed, a profound sense of purpose, that DMCC Authority recently welcomed Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence of the UAE and Chairman of the Dubai Executive Council, to Almas Tower. Amongst the various stops, Sheikh Hamdan was given a tour of the Dubai Diamond Exchange (DDE), the largest diamond tender facility in the world, which recently surpassed the milestone of one billion carats traded over the past five years at a value of $153.7 billion. In acknowledging Dubai's ascendency from almost no trade to the world's diamond capital in just under two decades, Sheikh Hamdan later remarked that the exchange was one of his favourite points in the tour – a powerful acknowledgement of Dubai's meteoric rise as the undisputed nexus of the global diamond industry. As an industry that has uniquely achieved more than almost any other commodity in terms of financial contribution, built environment and exclusivity, questions surrounding the future value of diamonds are common, however, on this particular day I found myself being questioned by a senior member of the entourage about whether diamonds had any intrinsic value at all. Such a statement, uttered in the world's tallest diamond tower in one of the industry's three global centres is not only ironic, but poorly timed, and admittedly the motivation for this Op-ed. In an age increasingly defined by access to information and artificial intelligence, ignorance is no longer an excuse. Informed discourse, grounded in data and understanding, is paramount. For this, we must call for reasoned debate, not flippant dismissals that undermine significant global industries. If only the individual in question had just asked AI, it would have clarified that diamonds are considered one of the most valuable and sought-after commodities in the world, with their value stemming from a combination of natural rarity, physical qualities, and enduring desirability. While some may think of pearls when it comes to gifting a timeless present for a loved one, there is no doubt that diamonds have the more enigmatic story in terms of their creation, history and lasting social impact, particularly when benchmarked against other commodities such as gold and silver. Indeed, DMCC's origins can be traced back to a $200 million sukuk which was used to develop Almas, Gold and Silver towers, and the beginning of its legacy, while over in the States, The International Gem Tower on 50 West 47th Street, New York stands as the city's only commercial condominium designed specifically for the global diamond, gem and jewellery industry. In brief, the evidence of the diamond industry's impact is very much upfront and present in a way that other commodities are not. The intrinsic value: More than just a gem To claim that diamonds lack value is to ignore centuries of human aspiration and desire. Diamonds remain, and indeed still dominate, as potent aspirational symbols of love, success, and legacy. Their cultural status is undeniable, cemented in the glittering allure of Hollywood, the bold statements of pop culture, the cutting edge of global fashion, and, most enduringly, in the cherished marriage traditions spanning continents and cultures. The very act of gifting a diamond is an acknowledgement of something precious and deeply meaningful – a sentiment that transcends mere material worth. Recent data only reinforces this enduring demand. The Natural Diamond Council's reports consistently highlight the resilience and continued growth in key markets, driven by renewed consumer appreciation for their unique story and rarity. As David Kellie, CEO of the Natural Diamond Council, states, 'No other stone holds the emotional currency of a diamond. It remains one of the few timeless assets that are bought with the heart but backed by real value.' Looking to the future, and beyond their aesthetic and symbolic appeal, diamonds are increasingly being recognised as critical minerals that will enable next-generation technologies. Their unparalleled hardness, thermal conductivity, and unique electrical properties make them indispensable in applications ranging from advanced computing and quantum technology to medical devices and sustainable energy solutions – and while lab-grown diamonds will more likely take a practical role in this field due to cost efficiency, the distinct, functional value of natural diamonds remains unchanged. The human impact: Millions of livelihoods at stake Beyond their symbolic and technological significance, the global diamond industry is a colossal economic engine, directly impacting millions of livelihoods around the world. Indeed, the sheer scale of its human contribution is often overlooked in flippant dismissals of its value. Consider India, where approximately 90 per cent of the world's diamonds are cut and polished. This massive undertaking employs hundreds of thousands of skilled individuals in the bustling cities of Surat and Mumbai, providing economic stability and opportunity for entire communities. Further upstream, nations such as Botswana, Namibia, Angola, the Democratic Republic of Congo (DRC), and Zimbabwe rely heavily on diamond revenues. These critical resources fund essential infrastructure, establish and maintain schools, and provide vital healthcare services, literally transforming nascent economies and uplifting populations. Specifically in Botswana, diamonds represent 80 per cent of its exports and account for a third of its fiscal revenue, significantly contributing to the nation's GDP and development. To claim diamonds are worthless is to erase the economic contribution of entire nations and to undermine the livelihoods of millions across India and Africa. Beyond the direct economic impact of mining and cutting, the downstream segment of the diamond industry – encompassing jewellery manufacturing, design, and retail – extends its influence to countless more individuals globally. From master artisans to dedicated sales professionals and logistics specialists, the industry supports a vast and intricate network of skilled labour and entrepreneurship. It is in this final stage where the diamond's journey culminates in consumer purchase, sustaining a global ecosystem that thrives on aspiration, artistry, and robust supply chain management — and at the heart of it, Dubai. Dubai's rise as the global diamond hub Aside from the Dubai Diamond Exchange, the UAE, and Dubai are deeply embedded in the very fabric of the diamond industry, not only in terms of trade, but monitoring, development, certification, and discussion. Chairing the Kimberley Process for a second time, the UAE leads positive change in the UN-mandated organisation that continues to be the only successful effort to stem the flow of conflict diamonds. As a business hub, DMCC is home to the 68-storey Almas Tower, the world's tallest diamond tower, a record it has held for the past 16 years. It also continues to boast unmatched, dedicated infrastructure, while remaining consistently overbooked by an extensive range of industry stakeholders. DMCC is also the base for a wide variety of major diamond businesses including IGI, and the Gemological Institute of America (GIA), the latter of which occupies two floors in Uptown Tower. As a destination for congregation and debate, DMCC continues to host a broad range of events including the LGD Symposium and KP Plenary later this year, while the Dubai Diamond Conference, which returns for a seventh time in 2026, consistently draws industry leaders such as De Beers' CEO Al Cook and Zimbabwe's Winston Chitando, Minister of Mines and Mining Development. DMCC is also a leading destination for other industry authorities, including but not limited to the World Diamond Council and The World Federation of Diamond Bourses. In continuation of its global success as the global centre for rough, having overtaken Antwerp several years ago, Dubai is also actively vying for the top spot in polished diamond trading, with recent milestones including Rapaport's 50,000 carat auction, Dhamani's unveiling its exclusive collection of Dubai Cut Diamonds, and the display of multi-million-dollar stones by global powerhouses like Sotheby's. Facts vs. opinions in the age of AI When an opinion is aired publicly, particularly by an individual of influence, and it flagrantly ignores verifiable facts, the livelihoods of millions of people, and the economic contribution of entire nations, then it ceases to be a mere personal viewpoint, but a statement that must be challenged. Following the recent World Federation of Diamond Bourses' President's Meeting, I am reminded of a quote from Martin Rapaport: 'Diamonds are a store of value. Not so much as an investment, although I do believe diamonds will be an incredible investment once we establish sufficient markets for them.' As someone who I would consider as a consumer's best friend, I would highlight that Martin's RapNet is an extremely useful tool that clearly illustrates diamond value, before luxury consumer jewellery brands add their markups, albeit yet another example of how important storytelling is in terms of B2C sales. Ultimately, the value of diamonds is real, tangible, and profoundly impactful, and thanks to Dubai's visionary leadership, an integral part of the city's enduring legacy.
Globe and Mail
16-06-2025
- Business
- Globe and Mail
DEXTEROUS DMCC Announces Polished Fancy Colour Tender in Dubai this June
Dexterous DMCC is hosting a sealed Polished Fancy Colour Diamond Tender from June 23–26, 2025, held at the Dubai Diamond Exchange. This is not a public auction. It is a sealed tender with pre-approved buyers and sellers only, operated with full compliance oversight and hosted in a secure, private environment. 'Dexterous DMCC is running a polished fancy colour diamond tender at the Dubai Diamond Exchange in June. It includes sealed bidding, and participation is by approval only. Viewings are available either in person at the Exchange or online via their internal tender system. The event is secure, compliant and this tender of Dexterous will have a huge range of stones being shown from 250,000/- USD to 5.3 Million USD.' Key Points of the Tender: The tender features polished fancy colour diamonds only, across all major colour categories: pink, yellow, blue, green, red, orange, and purple. Viewing is available in person at the Dubai Diamond Exchange or online by appointment. All bidding is sealed, handled confidentially through Dexterous DMCC's in-house tender platform. The tender is protected with Dubai Police and SIRA-licensed security. Full KYC, AML, and CFT compliance is mandatory for both buyers and sellers. The tender follows the DDE Tender Best Practice Forum Code of Conduct. This event is open to both businesses and private clients, subject to approval. They do NOT charge commission to show stones, it is no fee. They have two structures of profit share or outright sale price set as a reserve. Who Should Participate Sellers with polished fancy colour stones they want to consign in a controlled, international sales environment. Buyers seeking access to real stones in a sealed tender format, away from open-market volatility. Registration Process For more information and registration:
Arabian Business
03-06-2025
- Business
- Arabian Business
Dubai Crown Prince Sheikh Hamdan visits world's largest diamond tender facility
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, visited the DMCC, the leading international business district that steers the flow of global trade through Dubai, exploring of the Dubai Diamond Exchange (DDE), the largest diamond tender facility in the world. Sheikh Hamdan's visit occurred at the same time as a defining moment for the UAE's diamond industry, as DMCC announced the milestone of over 1 billion carats of diamonds traded over the past five years, strengthening its position as the dominant force in global diamond trade. Hamdan bin Mohammed visits Dubai Multi Commodities Centre (DMCC), the leading international business district driving global trade through Dubai, and tours the Dubai Diamond Exchange (DDE), the world's largest diamond tender facility. — Dubai Media Office (@DXBMediaOffice) June 2, 2025 Throughout the trip, Sheikh Hamdan was accompanied during the visit by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications. Sheikh Hamdan was also welcomed by Dr. Hamad Buamim, Chairman of the Board of DMCC; Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC; and Feryal Ahmadi, DMCC's Deputy Chief Executive Officer and Chief Operating Officer. Dubai's diamond exchange showcased The Dubai Crown Prince visited the Dubai Diamond Exchange tender floors, where he was briefed about the trade practices in place for diamonds, lab-grown stones and other gemstones. He also received information on DMCC's comprehensive diamond ecosystem, including the strategic expansion of the Gemological Institute of America (GIA) into DMCC's new district, Uptown Dubai. 'The visit provided the opportunity to see first-hand how DMCC continues to play a central role in driving global trade and investment flows to Dubai, positioning the emirate as a world-class business hub. As we advance our economic diversification journey under the Dubai Economic Agenda D33, DMCC is leading the way in building high-performance, globally connected ecosystems that attract innovation, talent and capital across priority sectors,' Sheikh Hamdan said in a statement. He was also updated on the regulatory, policy and infrastructure advancements that have driven the UAE to become the leading hub for rough diamond trade worldwide. His Highness was also briefed on DMCC's latest regulatory, policy, and infrastructure advancements that have positioned the UAE as the world's leading hub for rough diamond trade. — Dubai Media Office (@DXBMediaOffice) June 2, 2025 The rapid growth of the UAE in polished and lab-grown sector, added united with its leadership role as both Chair and Custodian Chair of the Kimberley Process, has positioned Dubai as a progressive, forward-thinking, and globally trusted centre of excellence for the diamond industry. Alongside the visit, DMCC announces Strategy 2033, an ambitious roadmap that places its specialised industry ecosystems at the centre of its growth over the next decade. From globally recognised hubs in diamonds, gold, and energy to forward-looking platforms in AI, Web3, blockchain, and gaming, the strategy aims to drive the expansion of key international sectors. It does so through a suite of value-added services, including customised licensing options, state-of-the-art infrastructure, and streamlined access to capital and industry expertise. Built on a proven model that has positioned DMCC as one of the world's most dynamic and fastest-growing free zones, Strategy 2033 leverages this strong foundation. Surging trade ecosystems With growing momentum across all areas, DMCC is set to surpass 26,000 member companies by year-end. DMCC's success is due to the consistent expansion of both legacy and frontier sectors. Over the past five years, the precious stones ecosystem has climbed by 177 per cent, precious metals by 74 per cent, and energy by 72 per cent, while the coffee and tea trade continue growth. Meanwhile, DMCC's newer technology ecosystems have accelerated, mirroring Dubai's rise as a global centre for innovation. This has coincided with a period of stable growth for DMCC, which now makes up 15 per cent of Dubai's foreign direct investment and 7 per cent of its GDP. Sheikh Hamdan's visit also highlighted the further transformation of the Jumeirah Lakes Towers (JLT) and Uptown districts into flourishing business and lifestyle destinations. Today, DMCC is home to over 25,000 companies and has recently seen mounting growth from new industries such as Web3, crypto, gaming and AI. Towards the end of his visit, he received a luxury edition of DMCC's 2024 Future of Trade report, which describes the shifting dynamics of international commerce and predicts key trends shaping global markets. 'It was an honour to welcome His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to DMCC and the Dubai Diamond Exchange today. This visit is a powerful endorsement of DMCC's role, not only in positioning the UAE as the global leader in diamond trade, but also in advancing Dubai's position as a centre of excellence across a wide range of future-focused industries,' Dr. Hamad Buamim, Chairman of the Board, DMCC said. 'Through long-term investment, bold policy frameworks and a commitment to international partnerships, DMCC has built an ecosystem that enables growth across commodities, technology, services and innovation. As Dubai accelerates the goals of D33, our integrated model will continue to be central to attracting global business and reinforcing Dubai as a leading hub for international trade,' he added. 'It was a privilege to welcome His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to DMCC at this historic moment for our diamond industry. As we continue to scale our impact through our world-class districts of JLT and Uptown Dubai, attract global institutions, and lead industry dialogues across sectors, DMCC is shaping the future of trade from the heart of Dubai. From precious stones and energy to emerging fields such as AI, Web3 and blockchain, we are building the connected, future-ready ecosystems that global businesses need to thrive – and expecting to surpass 26,000 companies this year,' Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, explained further adding that by driving innovation, integrity and sustainable growth, 'DMCC is proud to support the national economic agenda and continue to cement Dubai's status as a world-leading hub for trade and commerce.' Feryal Ahmadi, Deputy CEO & Chief Operating Officer, DMCC, added: 'From transforming the global tender landscape in diamonds to advancing growth in Web3, AI and sustainable trade, DMCC is building the next generation of global commerce. His Highness' visit is a strong validation of DMCC's Strategy 2033 that will elevate our future-ready, connected ecosystems to ultimately support innovation, ensure resilience and deliver long-term value. As international markets evolve, Dubai is perfectly positioned to meet the needs of businesses, investors and entrepreneurs across sectors, reinforcing its reputation as a dynamic, responsible and forward-looking global hub.' Leading global diamond hub Since 2021, the UAE has rapidly expanded its presence and led the world in rough diamond trade and polished and lab-grown segments. Polished diamonds now represent nearly half of the total diamond trade value, while the lab-grown segment has exceeded AED 3.7 billion in trade in the past year. DMCC has been instrumental in establishing Dubai as a leading global hub for the diamond and precious stones industry. Anchored by the Dubai Diamond Exchange (DDE) and a thriving ecosystem of over 1,350 member companies, DMCC has developed the specialised infrastructure, regulatory framework, and international networks necessary to facilitate smooth and efficient trade across all segments of the diamond market. In 2024, the DDE hosted 85 tenders, emphasising its crucial role as a hub for the global diamond community. This position is strengthened by the presence of the Kimberley Process Office, the DMCC Vault and a suite of high-impact networking and industry initiatives, including the Tender Best Practice Forum, all of which uphold the highest standards of security, compliance and market engagement. The expansion of globally renowned institutions like the Gemological Institute of America (GIA) into Uptown Dubai further enhances the city's comprehensive offering, reinforcing its position as a world-leading hub for the diamond trade across every stage of the value chain. The DMCC continues to serve as a key driver in shaping the future of global trade across a wide range of sectors. With a significant community of over 25,000 member companies from 180 countries, it offers world-class infrastructure, regulatory frameworks, and tailored industry ecosystems that foster growth in commodities, financial services, and emerging technologies. Through specialised hubs such as the DMCC Crypto Centre, Gaming Centre, AI Centre, and Tea and Coffee Centres, DMCC is not only solidifying Dubai's position as a nexus for both traditional and digital trade but also powering the next wave of enterprise, innovation, and global business.
The National
02-06-2025
- Business
- The National
Sheikh Hamdan tours Dubai Diamond Exchange
, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, visited Dubai Diamond Exchange on Monday. Sheikh Hamdan made the visit as part of a tour of Dubai Multi-Commodities Centre, which hosts the exchange that recently reached the milestone of trading more than one billion carats of rough and polished diamonds over the past five years, the emirate's media office reported. 'The visit provided the opportunity to see first-hand how DMCC continues to play a central role in driving global trade and investment flows to Dubai, positioning the emirate as a world-class business hub,' said Sheikh Hamdan. 'As we advance our economic diversification journey under the Dubai Economic Agenda D33, DMCC is leading the way in building high-performance, globally connected ecosystems that attract innovation, talent and capital across priority sectors.' Sheikh Hamdan visited the Dubai Diamond Exchange's tender floors, where he was informed about the trade practices in place for rough and polished diamonds, coloured gemstones and lab-grown stones, the media office added. He also received updates on DMCC's diamond ecosystem, including the expansion of the Gemological Institute of America into DMCC's new district, Uptown Dubai. Along with the visit DMCC unveiled its Strategy 2033, which places specialised industry ecosystems at the heart of its growth for the coming decade. These sectors include hubs in diamonds, gold and energy, as well as platforms for AI, Web3, blockchain and gaming.
Gulf Today
02-06-2025
- Business
- Gulf Today
Sheikh Hamdan visits world's largest diamond tender facility at DMCC
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, visited the Dubai Multi-Commodities Centre (DMCC), taking in a first-hand tour of the Dubai Diamond Exchange (DDE), the largest diamond tender facility in the world. The visit coincided with a defining moment for the UAE's diamond industry, as DMCC recently announced the milestone of over 1 billion carats of rough and polished diamonds traded over the past five years – reinforcing its position as the dominant force in global diamond trade. Sheikh Hamdan, accompanied during the visit by Omar Bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, was welcomed by Dr. Hamad Buamim, Chairman of the Board of DMCC; Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC; and Feryal Ahmadi, DMCC's Deputy Chief Executive Officer and Chief Operating Officer. Sheikh Hamdan visited the Dubai Diamond Exchange tender floors, where he was apprised about the trade practices in place for rough and polished diamonds, coloured gemstones and lab-grown stones. He also received briefings on DMCC's comprehensive diamond ecosystem, including the strategic expansion of the Gemological Institute of America (GIA) into DMCC's new district, Uptown Dubai. Sheikh Hamdan said, 'The visit provided the opportunity to see first-hand how DMCC continues to play a central role in driving global trade and investment flows to Dubai, positioning the emirate as a world-class business hub. As we advance our economic diversification journey under the Dubai Economic Agenda D33, DMCC is leading the way in building high-performance, globally connected ecosystems that attract innovation, talent and capital across priority sectors.' Sheikh Hamdan was also updated on the regulatory, policy and infrastructure advancements that have propelled the UAE to become the leading hub for rough diamond trade worldwide. The accelerated growth of the UAE in polished and lab-grown segments – combined with its leadership role as both Chair and Custodian Chair of the Kimberley Process – has positioned Dubai as a future-ready, innovative, responsible and globally trusted centre of excellence for the diamond industry. In parallel to the visit, DMCC unveiled the Strategy 2033 – a bold new vision that places its specialised industry ecosystems at the heart of its growth for the coming decade. From world-leading hubs in diamonds, gold, and energy, to future-focused platforms for AI, Web3, blockchain, and gaming, DMCC's strategy is designed to accelerate the growth of key global sectors through value-add services including tailored licensing, infrastructure, and access to capital and industry expertise. The strategy builds on a model that has firmly established DMCC as one of the world's leading and fastest-growing free zones. With momentum accelerating across its entire ecosystem, DMCC is on track to exceed 26,000 member companies by year-end. DMCC's success lies in the consistent expansion of both legacy and frontier sectors. Over the past five years, the precious stones ecosystem has surged by 177%, precious metals by 74%, and energy by 72%, while the coffee and tea trade continues to show resilient growth. Meanwhile, DMCC's newer technology ecosystems have scaled rapidly, mirroring Dubai's ascent as a global centre for innovation. This has coincided with a period of sustained growth for DMCC, which now accounts for 15% of Dubai's foreign direct investment and 7% of its GDP. Sheikh Hamdan's visit also highlighted the wider transformation of the Jumeirah Lakes Towers (JLT) and Uptown districts into thriving business and lifestyle destinations – underscoring the role of DMCC in shaping the urban and economic landscape of Dubai. Today DMCC is home to over 25,000 companies and, in recent years, has seen exponential growth from companies in new industries such as Web3, Crypto, Gaming and AI. The visit concluded with Sheikh Hamdan being presented with a deluxe edition of DMCC's 2024 Future of Trade report, which explores the shifting dynamics of international commerce and forecasts key trends shaping global markets. Dr. Hamad Buamim, Chairman of the Board, DMCC, said, 'It was an honour to welcome H.H. Sheikh Hamdan bin Mohammed Bin Rashid Al Maktoum to DMCC and the Dubai Diamond Exchange today. This visit is a powerful endorsement of DMCC's role, not only in positioning the UAE as the global leader in diamond trade, but also in advancing Dubai's position as a centre of excellence across a wide range of future-focused industries. "Through long-term investment, bold policy frameworks and a commitment to international partnerships, DMCC has built an ecosystem that enables growth across commodities, technology, services and innovation. As Dubai accelerates the goals of D33, our integrated model will continue to be central to attracting global business and reinforcing Dubai as a leading hub for international trade.' Ahmed Bin Sulayem said, 'It was a privilege to welcome. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to DMCC at this historic moment for our diamond industry. As we continue to scale our impact through our world-class districts of JLT and Uptown Dubai, attract global institutions, and lead industry dialogues across sectors, DMCC is shaping the future of trade from the heart of Dubai. "From precious stones and energy to emerging fields such as AI, Web3 and blockchain, we are building the connected, future-ready ecosystems that global businesses need to thrive – and expecting to surpass 26,000 companies this year. By driving innovation, integrity and sustainable growth, DMCC is proud to support the national economic agenda and continue to cement Dubai's status as a world-leading hub for trade and commerce.' Feryal Ahmadi added, 'From transforming the global tender landscape in diamonds to advancing growth in Web3, AI and sustainable trade, DMCC is building the next generation of global commerce. His Highness' visit is a strong validation of DMCC's Strategy 2033 that will elevate our future-ready, connected ecosystems to ultimately support innovation, ensure resilience and deliver long-term value. As international markets evolve, Dubai is perfectly positioned to meet the needs of businesses, investors and entrepreneurs across sectors, reinforcing its reputation as a dynamic, responsible and forward-looking global hub.' Since 2021, the UAE has led the world in rough diamond trade and is rapidly expanding its presence across polished and lab-grown segments. Polished diamonds now represent nearly half of the total diamond trade value, while the lab-grown segment has exceeded Dhs3.7 billion in trade in the past year. DMCC has played a foundational role in Dubai's rise as a global powerhouse for the diamond and precious stones sector. Through the Dubai Diamond Exchange and its wider ecosystem of more than 1,350 member companies, DMCC has built the specialised infrastructure, regulatory support, and international connectivity required to enable seamless trade across all diamond segments. In 2024 alone, the DDE hosted 85 tenders, underscoring its pivotal role as a central platform for the global diamond community. This position is reinforced by the presence of the Kimberley Process Office, the DMCC Vault and a suite of high-impact networking and industry initiatives, including the Tender Best Practice Forum – all of which ensure the highest standards of security. The DMCC continues to play a catalytic role in shaping the future of trade across multiple sectors. As home to over 25,000 member companies from 180 countries, DMCC provides cutting-edge infrastructure, regulatory frameworks and industry-specific ecosystems that support growth in commodities, financial services, and emerging technologies. Through specialised centres such as the DMCC Crypto Centre, the Gaming Centre, the AI Centre and the Tea and Coffee Centres, DMCC is reinforcing Dubai's status as a hub for traditional and digital trade, while actively enabling the next generation of enterprise, innovation and global business. WAM
