Dubai Diamond Trade Hits Record $41.7 Billion in 2025

Dubai's diamond trade reached an all-time high in 2025, with total trade value rising 16% to $41.7 billion, up from $35.8 billion in 2024, according to the Dubai Multi Commodities Centre (DMCC).

Trade volume also climbed 43% to 359.5 million carats, marking the first time Dubai has achieved record highs in both trade value and physical volume in the same year. The previous record value was $40.9 billion in 2011.

DMCC said the milestone reflects the success of Dubai's long-term strategy to strengthen its position as a global hub for the diamond and precious stones industry.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said the figures demonstrate the emirate's growing role in the global diamond market.

"Since the Covid-19 pandemic in 2020, diamond trade through Dubai has doubled in physical volume and increased by nearly 140% in value," he said.

Natural diamonds remained the main driver of the sector, generating $39.9 billion in trade value during 2025, equivalent to 96% of Dubai's total diamond trade.

Trade in rough diamonds reached 205.2 million carats, the second-highest volume on record and approximately 34% higher than in 2024.

Meanwhile, trade in natural polished diamonds increased nearly 25% year-on-year to $18.7 billion. DMCC noted that the value of natural polished diamond trade through Dubai has surged 246% since 2020, while the average value per carat has risen eight- to nine-fold over the same period.

The report said natural diamonds continue to form the economic backbone of Dubai's diamond market despite the expansion of other segments.

Over the past decade, Dubai's diamond trade has increased 63% in value and 44% in volume, reinforcing the emirate's position as one of the world's leading diamond trading centers.

Trade in colored gemstones also reached a record level, rising 48% to $1.1 billion. Imports jumped 69%, while exports increased 34%, reflecting stronger activity across sourcing and distribution.

DMCC added that synthetic and industrial diamonds now account for around 39% of total diamond trade volume by carat, highlighting the continued diversification of Dubai's precious stones sector while natural diamonds remain the dominant contributor to overall trade value.