DMCC establishes lab-grown diamond vertical as UAE trade reaches 76.9 million carats
DMCC – the leading international business district that drives the flow of global trade through Dubai – has formally established its Lab-Grown Diamond Vertical, creating a dedicated platform for an industry whose rapid expansion is increasingly being driven by advanced manufacturing and technology as well as jewellery and global consumer demand. The announcement comes as the UAE records its…
DMCC, the international business district in Dubai, has launched a dedicated Lab-Grown Diamond Vertical, signaling the industry's rapid growth and distinct economic profile. In 2025, the UAE recorded its highest-ever lab-grown diamond trade volumes, with 76.9 million carats traded – a 91.5% increase year-on-year and 109% rise since 2022. The value of trade also surged 7.5% to $1.3 billion.
DMCC's decision to establish the Lab-Grown Diamond Vertical as a standalone entity highlights the industry's unique characteristics, such as scalable manufacturing, technical specifications, and industrial utility. Ahmed Bin Sulayem, DMCC's Executive Chairman and CEO, emphasized that lab-grown diamonds require their own market infrastructure and economic case, working alongside the natural diamond trade.
China, India, and the United States have been instrumental in driving the scientific, technological, and industrial development of lab-grown diamonds, with China leading in industrial-scale production and research, India as a powerhouse in CVD growth and manufacturing, and the US as the largest consumer market and pioneer in diamond-growth technology. Other hubs include Japan, Israel, and the UK, which contribute to research, industrial applications, and trade.
Beyond jewellery, lab-grown diamonds are finding applications in advanced industrial uses due to their thermal, optical, and semiconductor properties. These include semiconductors, diamond wafers, quantum technologies, medical devices, and aerospace. DMCC's Lab-Grown Diamond Vertical aims to bring together producers, manufacturers, traders, investors, finance providers, technology companies, and industrial users, strengthening Dubai's ties with global markets while remaining separate from the company's natural diamond and coloured stone activities.
The UAE's total diamond trade reached $41.7 billion in 2025, with a sharp growth in synthetic and industrial diamond volumes. DMCC forecasts a potential market value of $100 billion for lab-grown diamonds by 2032.
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