The diamond trade has long treated Dubai as a transit hub — a corridor between Antwerp, Mumbai, and Hong Kong rather than a market with its own identity. That positioning is shifting, and fast. The Dubai Multi Commodities Centre (DMCC) has launched a dedicated lab-grown diamond division, a structural acknowledgment that synthetic stones are no longer a footnote in the Emirates' diamond story.
Dubai Bets Big on Lab-Grown Diamonds With Dedicated Trade Division
Dubai has formalized its lab-grown diamond ambitions with a new dedicated trade division, as UAE carat volumes hit a staggering 76.9 million carats — a 92% surge in a single year. Here's what it means for the global synthetics market.
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