The Dubai Multi Commodities Centre (DMCC) has officially launched a dedicated vertical for lab-grown diamonds. This strategic move creates a specialized platform for an industry that is rapidly evolving beyond traditional jewelry, increasingly driven by advanced technological applications and global manufacturing demand.
The establishment of this vertical coincides with record-breaking trade performance for the UAE. In 2025, the country recorded a total of 76.9 million carats in lab-grown diamond trade, representing a 91.5 percent year-on-year increase. The total value of this trade climbed 7.5 percent to reach $1.3 billion. These figures indicate that trade volumes have more than doubled since 2022, when the total stood at 36.8 million carats, reflecting a 109 percent growth rate across the board rather than isolated market shifts.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, emphasized that the sector has reached a level of maturity requiring its own infrastructure and economic framework. He noted that while the industry has developed alongside natural diamonds, it now demands a distinct approach. For decades, China, India, and the United States have served as the primary engines for the scientific and industrial breakthroughs that transformed this experimental field into a global industry currently valued at nearly $30 billion.
Beyond the jewelry market, the potential for lab-grown diamonds lies in high-tech sectors. Their unique thermal, optical, and mechanical properties are increasingly vital for semiconductors, quantum technologies, medical devices, aerospace engineering, and the production of diamond wafers. Bin Sulayem stated that with the current scale of trade passing through Dubai, the emirate is well-positioned to help define the next phase of the industry’s development.
The global industry’s foundation remains rooted in three key regions: China, which leads in industrial-scale production and research; India, a hub for CVD growth and manufacturing; and the United States, which remains the largest consumer market and a pioneer in growth technology. Other nations, including Japan, Israel, and the UK, also play significant roles in research and industrial trade.
This new vertical formalizes years of groundwork by the DMCC. The organization previously hosted two Lab-Grown Diamond Symposiums, with a third planned for 2027, and has maintained a dedicated digital platform for the sector. Notably, Diamond Foundry established its international sales operations within the DMCC as early as 2020.
The initiative will serve to connect producers, manufacturers, investors, and technology companies, while maintaining a clear operational separation from the DMCC’s natural diamond and colored stone activities. This development arrives as the UAE’s total diamond trade reached a record $41.7 billion in 2025, highlighting the broader growth of synthetic and industrial diamond volumes within the region. The report also notes that rising 109 per cent from 36.8 million carats, with imports and re-exports expanding at broadly the same rate, pointing to sustained growth across the UAE’s trade flows rather than a shift in one part of the market, volumes have more than doubled since 2022. The report also notes that dubai breaks a 14-year diamond trade record. The report also notes that dMCC tops 26,000 firms as tech becomes biggest sector. The report also notes that diamonds soon, dubai will look into tokenising gold. The report also notes that lab-grown diamond market worth $100b by 2032: DMCC. The report also notes that pakistan-UAE bilateral trade reflects resilience. The report also notes that indian student in UAE to build and launch a satellite.
Source: Gulf News
