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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - DIAMONDS & GEMSTONES
 Dubai's rough diamond trade reaches US$3.03bn in first half 2008
Posted on 17/08/2008
Dubai's total trade of rough diamonds increased by 36% to reach US$3.03bn at the end of the first six months of 2008, according to Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC).
During the first six months of 2008, rough diamond imports to the Emirate grew by 23% to reach US$1.15bn from US$937m, during the same period in 2007. This was mainly driven by high volumes imported from Angola (75%), and a 138% rise in imports from China. Exports in the first
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 Dubai and Thailand explore trade opportunities for coloured stones
Posted on 10/07/2008
Dubai Multi Commodities Centre (DMCC) and the Thai Gem and Jewellery Traders Association (TGJTA) signed an agreement Wednesday, making TGJTA the first affiliate member of the Dubai Gems Club (DGC), a strategic initiative of the Coloured Stones and Pearls Division at DMCC.
This agreement will boost trade opportunities between Dubai and Thailand, both fast-emerging markets for gems and coloured stones. Thailand, a major global gem trading and processing centre, is the second largest exporter of
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![]() Dubai's diamond trade reached US$11.23 billion in 2007
Posted on 03/03/2008
Dubai's total diamond trade increased by 53 per cent in 2007 to reach US$11.23 billion, as demonstrated by statistics released today by the Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC). The Emirate's rough diamond trade recorded a 29 per cent increase from 2006 to reach US$4.82 billion, while trade in polished diamonds increased by a massive 88 percent to reach US$6.41billion. In 2006, Dubai's total rough trade amounted to US$3.93 billion while total
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 DMCC plans pearl trading hub at The World
Posted on 26/02/2008
Dubai is setting up a pearl trading centre to strengthen its position in the jewellery trade and capitalise on the UAE's cultural heritage to attract more tourists. The Dubai Multi Commodities Centre (DMCC), which is behind the Pearls of Arabia project on the "Antarctica" island of The World, said it will provide a "free trade environment" for pearl traders. The destination will have a pearl-themed cultural heritage centre, a performing arts theatre, an exhibition gallery and a themed
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 New diamond laboratory in Dubai to standardise trading
Posted on 12/02/2008
The Dubai Diamond Exchange (DDE) is taking on an ambitious project to commodify the diamond trade for the first time globally, bringing transparency to pricing and creating potential for a futures market for the precious stones, according to the head of the exchange. International Diamond Laboratories (IDL), a new diamond certification service and a joint venture project by Dubai Multi Commodities Centre (DMCC), has been created to help move the project along, said Youri Steverlynck, Chief
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 Sheikh Mayed bin Mohammed unveils world’s first Arabic-language diamond certificate
Posted on 27/12/2007
Dubai-based International Diamond Laboratories (IDL) has become the world's first issuer of Arabic-language Diamond Certificates. The first such certificate was presented by Sheikh Mayed bin Mohamed bin Rashid Al Maktoum, to Tamjid Abdullah, Deputy Managing Director of Damas Jewellery, for a 24-carat pear shaped diamond.
IDL, an initiative of Dubai Multi Commodities Centre, provides high-quality diamond certification services from its headquarters in the UAE, and branch offices in Antwerp and
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![]() Rough diamond trade in Dubai touches US$1.08b
Posted on 06/12/2007
The total trade in rough diamonds in Dubai touched US$1.08 billion in the third quarter of 2007, according to the Dubai Diamond Exchange (DDE). This was 31 per cent higher than the US$828 million traded in 2006. DDE is a unit of Dubai Multi Commodities Centre (DMCC).
In the third quarter of 2007, Dubai imported rough diamonds worth US$447.6 million, an increase of 32 per cent from US$337.4 million in 2006. Exports touched US$640.2 million, a 30 per cent increase from US$490.5 million in 2006.
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 Dubai rough diamond trade touches US$2.24 billion in first half of 2007
Posted on 16/07/2007
The Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC), announced today that the total trade in rough diamonds in Dubai reached US$2.24 billion in the first half of 2007. This was overall 17 per cent higher than the US$1.91 billion traded during the same period in 2006.
Between January and June of this year, rough diamond imports into Dubai increased by 26 per cent, to US$937 million, while exports exceeded US$1.3 billion, marking a 12% increase. In terms
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 UAE jewellery trade topped US$6b in 2006
Posted on 08/05/2007
Dubai's exports of precious and semi-precious gemstones in the first half of 2006 exceeded Dh2.4 billion, "firmly establishing the emirate as a new world centre for the gemstone trade", the UAE Minister of Economy, Sheikha Lubna Al Qasimi, said yesterday at the International Coloured Stones Association (ICA) Congress held in Dubai.
Last year, the UAE accounted for more than US$6 billion of the US$146 billion global jewellery market, almost a third of the regional total. And the gemstones
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 Dubai's rough diamond trade hits US$3.93b
Posted on 11/03/2007
The total trade in rough diamonds in Dubai reached US$3.93 billion (Dh14.42 billion) in 2006, up from US$3.73 billion (Dh13.69 billion) in 2005, according to the Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC).
Rough diamond imports to the emirate reached US$1.56 billion (Dh5.732 billion) in 2006, while exports stood at US$2.37 billion (Dh8.7 billion) for the same period.
In terms of carat value, a total of 84.6 million carats were traded in 2006,
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 Master Plan launched for Dubai's diamond sector
Posted on 28/02/2007
The Dubai Multi Commodities Centre (DMCC) revealed yesterday a Master Plan to further develop a service economy through supporting the diamond trade. The Master Plan seeks to implement a three-pronged strategy for business development, trade support and the creation of an interface to structure market interaction in the diamond sector in Dubai.
The Master Plan will be implemented under the co-ordination of Peter Meeus, the newly appointed Executive Director for Diamonds and Coloured Stones.
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 Dubai's rough diamond trade may slow down
Posted on 15/01/2007
The rough diamond trade in Dubai will grow at 10-15 per cent annually in the coming years, a senior official said on Sunday. This would mean a slowdown from the recent high growth.
The total trade in rough diamonds was US$3.73 billion in 2005 and grew more than 46 per cent from US$2.55 billion in 2004, according to the Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC).
According to DDE statistics for the January-August period of 2006, the total trade
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 UAE set to become jewel of global diamond trade
Posted on 12/12/2006
The UAE is set to become the diamond capital of the world, given its strategic location as the business hub and popular tourist destination in the Middle East, says an industry official.
"Currently, diamonds command a higher price in the market, and we anticipate a rise in the demand and the consumers' purchasing power and their awareness of these precious stones increases in the near future," says Harshad Mehta, Chairman of Rosy Blue, which claims to be one of the world's leading diamond
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![]() Diamond trade makes up for gold market slump
Posted on 12/10/2006
Surging gold prices may have hammered the gold market, but a healthy trade in diamonds has seen an overall increase in the value of Dubai's gold and diamond trade. According to new statistics supplied by the Dubai Chamber of Commerce and Industry (DCCI), the share of gold and diamond trade to Dubai's total non-oil direct trade increased from 18 per cent in 2003 to 24 per cent in 2004 and 23 per cent in 2005.
In 2004, value of trade on gold reached Dh21.4 billion, for an annual rise of 74 per
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 New York Diamond Dealers Club honours Ahmed bin Sulayem
Posted on 14/06/2006
The New York Diamond Dealers Club (DDC) recently honoured several dignitaries associated with the global diamond industry, as part of its 75th anniversary celebrations.
Ahmed bin Sulayem, Chief Operating Officer of the Dubai Multi Commodities Centre and Chairman of the Dubai Diamond Exchange (DDE) was among those honoured by the DDC for their contribution to the global diamond industry.
The award was presented by Club President Jacob Banda in the presence of international diamond industry
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