Dubai, UAE – The Dubai Multi Commodities Centre announced that the diamond trade in the emirate recorded an unprecedented record level in 2025. Its value amounted to $41.7 billion (about 153 billion dirhams), according to Dubai Customs data.
Dubai has thus surpassed the previous record of $40.9 billion, set in 2011. Diamond trading volume reached 359.5 million carats, achieving an annual growth of 42.5%. Thus, Dubai records for the first time a double record in the value and volume of diamond trade within one year.
The total value of diamond trade across all categories rose 16.2% year-on-year, reaching $41.7 billion in 2025. Compared to $35.8 billion in 2024, an increase of $5.8 billion in one year. Other categories also recorded record performance, with the value of the colored gemstone trade reaching $1.1 billion during 2025. Achieving a remarkable annual growth of 48%.
Strong momentum for the diamond sector
These results confirm the continued strong momentum witnessed by the diamond sector in Dubai in the long term. Since 2020, the value of diamond trade through Dubai has increased by 139%, while its actual volume has doubled by 100%. Reflecting the emirate’s growing role as the preferred gateway linking producing countries and manufacturing centers. And consumer markets within the global value chain of the diamond industry.
This record performance was driven mainly by the continued strong momentum of the natural diamond trade. Which recorded a value of $39.9 billion in 2025, accounting for 95.8% of the total value of diamond trade.
The value of diamond trade through Dubai increased by 63%, while its actual volume increased by 44% over the past decade.
The expansion of the diamond and gemstone trade in Dubai
These results also highlight the breadth and diversity of Dubai’s diamond and gemstone trade system. Beyond the record performance of the traditional diamond trade, the colored gemstone trade has hit an all-time high. Supported by a 68.8% increase in imports and a 33.5% growth in re-exports. In parallel, the categories of synthetic diamonds and laboratory-made diamonds continue to establish their presence within the trade structure. Together, they represent about 39% of the total volume of diamond trade in terms of carats.
