{
  "id": 4612064,
  "title": "Dubai’s diamond strategy: Why lab-grown stones need their own market",
  "url": "https://urgent.news/2026/08/31/dubais-diamond-strategy-why-lab-grown-stones-need-their-own-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T08:54:01.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/economy/dubais-diamond-strategy-why-lab-grown-stones-need-their-own-market-1.500657923"
  },
  "original_language": "en",
  "account": "The global diamond industry is experiencing a significant transformation due to technological advancements. Laboratory-grown diamonds (LGDs) and recycled stones now outnumber the total annual production of natural diamonds. This has led to the establishment of a dedicated Lab-Grown Diamond vertical by Dubai Multi Commodities Centre (DMCC) to address the evolving market dynamics. In 2025, the UAE recorded its highest-ever LGD trade volume of 76.9 million carats, an increase of 91.5% compared to the previous year. Natural diamonds continue to hold value due to their geological rarity, heritage, beauty, and durability, but lab-grown diamonds offer unique benefits in fields such as deep tech, defence, medicine, and high-performance computing. The commercial success of LGDs is driven by American consumer demand, Indian cutting-and-polishing expertise, and Chinese industrial-scale synthesis. China is the leading producer of gem-quality rough, followed by India and the US, which dominate retail consumption. DMCC's new LGD vertical serves as a hub for global partners, fostering collaboration in advanced technologies and ensuring the coexistence of natural and lab-grown diamonds in their respective markets.",
  "summary": "The global diamond industry is undergoing a structural evolution driven by technological disruption. Today, more lab-grown diamonds (LGDs) and recycled stones are available in the market than the total annual physical output produced by their natural counterparts. This reality requires a clear-eyed reassessment of how we trade, classify, and value precious materials, and is also a fundamental…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}