Dubai Jewelry News Dubai Strengthens Its Global Diamond Hub Status by Nikhil Prasad September 9, 2025 written by Nikhil Prasad September 9, 2025 0 comments Share 0FacebookTwitterPinterestThreadsBlueskyEmail 28 Key points Dubai has long been known as the City of Gold, but in recent years, it has also positioned itself as a formidable player in the diamond world. The Dubai Diamond Exchange has hosted dozens of high-value tenders in the past year, and the emirate’s geographic position between producing nations in Africa and consuming markets in Asia gives it a natural edge. Experts predict that within the next five years, Dubai could overtake Antwerp entirely in polished diamond volumes, marking a dramatic reshaping of the global diamond industry. Dubai Jewellery News: Dubai has long been known as the City of Gold, but in recent years, it has also positioned itself as a formidable player in the diamond world. Once regarded primarily as a re-export center, the emirate has now emerged as one of the top global hubs for both rough and polished stones. The latest figures highlight that Dubai’s diamond trade reached nearly USD 41.7 billion in 2024, showing growth even as other centers like Antwerp grapple with declining volumes. In fact, this Dubai Jewellery News report reveals that polished diamond trade, once overshadowed by rough supply, is now experiencing significant traction in the emirate. Dubai is the new diamond capital of the worldImage Credit: Stock Shots How polished stones are reshaping the trade landscape For years, Dubai was heavily dependent on rough stones arriving from Africa and routed through India for cutting and polishing. However, that balance is shifting. More polished stones are now flowing through the Dubai Diamond Exchange, supported by a combination of industry confidence, transparent regulations, and advanced tender systems. Auctions by major firms such as Stargems, Koin International, and Grib Diamonds are drawing traders from across the globe, while India’s pipeline constraints have further funneled liquidity into Dubai. Why Dubai is attracting global players The reasons behind this transformation are both structural and strategic. The DMCC has created an ecosystem that emphasizes low taxes, secure logistics, and cutting-edge infrastructure. The Dubai Diamond Exchange has hosted dozens of high-value tenders in the past year, and the emirate’s geographic position between producing nations in Africa and consuming markets in Asia gives it a natural edge. Additionally, the gradual pivot of traders away from traditional centers like Belgium and Israel, coupled with Dubai’s aggressive marketing, has positioned the city as the fastest-growing polished diamond hub. Dubai is not becoming the transit and processing hub for diamond of all kinds from around the worldImage Credit: Stock Shots The growing appeal for retailers and investors This surge is not just a matter of wholesale trade. Local retailers have reported an increase in consumer demand for diamonds as high gold prices have dampened appetite for heavier 22k jewellery pieces. Shoppers are opting for diamonds as a more affordable luxury that retains prestige, and international buyers are increasingly using Dubai as a sourcing base. Investment houses are also showing interest in diamond-backed financial products, which further supports the market. What the future holds for Dubai’s diamond crown With polished trade now competing head-to-head with rough volumes, Dubai is setting its sights on dominating the entire value chain. From tender houses to retail malls, the emirate is carefully building an ecosystem that ensures long-term sustainability. Experts predict that within the next five years, Dubai could overtake Antwerp entirely in polished diamond volumes, marking a dramatic reshaping of the global diamond industry. This transformation will not only elevate Dubai’s role as a jewellery capital but also redefine where the world’s most important stones are traded and priced. The momentum already achieved suggests that this crown may be Dubai’s to keep for decades to come. For the latest Dubai Jewellery News, keep on logging to Gems News You Might Also Like Dubai Indian Jewellery Importer Slashes Imports as Gold Prices Surge New Era at International Diamond Laboratory (IDL) Dubai Beirutimes Brings Luxury Watch Culture to Dubai with Bold Expansion Dubai Jewellery Standards Build Global Trust Antwerp vs Dubai diamondsDMCC DubaiDubai diamond hubglobal diamond tradeIndia-UAE trade relationsrough diamond market Share 0 FacebookTwitterPinterestThreadsBlueskyEmail Nikhil Prasad Dr. Nikhil Prasad is a multifaceted entrepreneur and consultant specializing in public relations, business strategy, and independent medical research. He is also an expert herbalist and phytochemical specialist, a certified gemologist, a passionate food connoisseur, and a seasoned writer contributing to numerous international publications, newswire services, and his own media platforms. He is typically based in one of several global hubs, including Sydney, New York, Shanghai, Mumbai, or Bangkok. previous post Thailand’s ITDCA Delegation Strengthens Jewellery Partnerships at IIJS 2025 in India next post The Lab Grown Diamonds Split in the UAE You may also like Dubai Unveils Smart Gold Testing Kiosk, Transforming Jewellery Verification October 16, 2025 Dubai Takes the Spotlight as Global Hub for Lab Grown Diamonds October 12, 2025 Cartier Expands its Dubai Presence with a Second Luxury Airport Boutique October 10, 2025 Gen Z Drives Massive Surge in Lab Grown Diamond Demand in Dubai... October 5, 2025 Beirutimes Brings Luxury Watch Culture to Dubai with Bold Expansion September 30, 2025 Dubai Indian Jewellery Importer Slashes Imports as Gold Prices Surge September 26, 2025