Dubai has gone from virtually having no diamond trade to becoming one of the leading hubs in the world in just 20 years.
Set up your business with us and be at the forefront of the industry.
Our facilities provide our members with a complete serviced environment for succeeding in the diamond industry.
Dubai Diamond Exchange is the world’s largest specialised diamond tender facility with 41 fully equipped, secure, private viewing, trading and meeting rooms. For all our members in the precious gems market, we provide a complete service environment – from grading to shipping, and trading to networking; you can find everything you need to successfully grow your diamond business.
The boiling facility at Almas Tower is equipped with the latest technology to aid our clients in the pursuit of the best quality diamonds.
The establishment of diamond jewellery grading labs in Almas Tower ensures the transparency and authenticity of each jewellery piece.
Almas Tower is perfectly placed and connected in Dubai’s financial sector. Almas’ location being in close proximity to the nation’s banking sector allows simplified financing for diamond companies.
Brink’s transportations provide secure logistics services and are fully operational at Almas Tower. The service provided is complete with logistical solutions, import and export facilities, storage, customs clearance, Kimberley Process operations and inspections. Transguard is also readily available to transport valuable cargo from/to Dubai International Airport.
Almas Tower is equipped with a master vault specifically designed for diamond storage. Built with security and accessibility as the main focus, the vault is fitted with state-of-the-art security and robot automation for diamond retrieval and storage.
The United Arab Emirates (UAE) was the first Arab country to become a signatory of the Kimberley Process (KP) in 2003, a scheme designed to prevent the flow of conflict diamonds. The UAE KP Office located in DMCC provides the only legitimate entry and exit point for rough diamonds in the country.
DMCC is central to Dubai’s success in the diamond industry. With the world’s leading diamond companies based in the Almas Tower, DMCC is emerging as the diamond industry leader and pushing the boundaries of diamond trade.
The diamond industry is being disrupted by innovation. With a heavier focus on continuously pushing the limits of diamond technologies, Dubai has emerged as a leading destination for diamond trade. With global flights from and towards major consumers and producers (daily trade line from Surat), Dubai’s connectivity gives your company the edge to compete in the industry.
The diamond industry has been around since ancient times. However, market trends, economic shifts, technological advancements and consumer preference are all slowly revolutionising the diamond industry.
The first diamonds were found around the Indian rivers. It instantly became a symbol of power for the local leaders.
Diamonds appeared in Europe in the 13th and 14th century. It moved from Venice to Bruges, Paris and finally Antwerp.
Antwerp brought the first diamond polishing wheel, the Scaif, invented by Lodewyk Van Berken and marks the rise of the city for diamond trading.
New diamond mines were discovered in Brazil which caused an uptick in production and the industry grew very quickly.
The De Beers bought a farm in South Africa and found a diamond mine under their land. They continue to be one of the biggest diamond producers today.
A global collective attempt to standardise diamonds to ensure it is conflict-free.
KPCS was implemented in the UAE by the Ministry of Economy, making the UAE the first Arab country to introduce this process, and the DMCC Authority the only entry and exit point for rough diamonds in the country.
The UAE joins the Kimberley Process and annual total trade of rough and cut natural diamonds in UAE reaches US $3.6 billion.
Dubai Diamond Exchange opens its trading floor and puts Dubai’s name in the diamond trade.
DMCC opens Almas Tower to businesses and Dubai’s diamond trade increased by 22%.
Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC is chosen to chair the Kimberley Process.
A record-breaking diamond was processed at Almas Diamond Services in Dubai which revealed the largest D-coloured diamond in history being 313-carats. The reveal took place at DMCC’s Dubai Diamond Conference.
The Dubai Diamond Exchange is redesigned. Now the world's largest tender facility.
Now accounts to over US $25 billion in the diamond trade. It is positioned to be the global hub for diamond trading in the future.
Set up your diamond business in DMCC and enjoy the following benefits:
*This offer is available from 01 August and valid until 30 September 2020.
*See Terms and Conditions for DMCC Company Setup Offer