DMCC Launches Lab-Grown Diamond Vertical Amid Record UAE Trade

Aug 30, 2026

69 min

Aug 30, 2026 19:30

DMCC establishes lab-grown diamond vertical as UAE trade reaches 76.9 million carats

## Introduction of Lab-Grown Diamond Vertical

The Dubai Multi Commodities Centre (DMCC) has introduced a new sector dedicated to lab-grown diamonds. This move comes as the UAE's trade in these diamonds reached an unprecedented 76.9 million carats in 2025, marking a 91.5% increase from the previous year.

## Growth in Trade

The value of lab-grown diamond trade in the UAE rose to $1.3 billion, reflecting a 7.5% increase. Since 2022, trade volumes have more than doubled, indicating robust growth in both imports and re-exports.

## Economic Significance

DMCC's decision to create a separate vertical for lab-grown diamonds highlights the unique economic dynamics of this sector. Unlike natural diamonds, lab-grown ones are characterized by scalable manufacturing and diverse industrial applications.

## Global Industry Context

The lab-grown diamond industry has been significantly shaped by China, India, and the United States. These countries have driven technological advancements and consumer demand, turning lab-grown diamonds into a global industry valued at nearly $30 billion.

## Advanced Applications

Beyond jewelry, lab-grown diamonds are being utilized in advanced fields such as semiconductors, quantum technologies, and aerospace. Their unique properties make them valuable for various industrial applications.

## Future Prospects

With the establishment of the Lab-Grown Diamond Vertical, DMCC aims to enhance international trade, connect producers and buyers, and build a transparent market infrastructure. This initiative is expected to further strengthen Dubai's role in the global diamond market.

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