Dubai’s diamond trade reached an unprecedented record in 2025, with a total value of $41.7 billion, equivalent to around AED 153 billion, according to Dubai Customs data announced by the Dubai Multi Commodities Centre.
With this result, Dubai exceeded the previous record of $40.9 billion set in 2011. Diamond trading volume also reached 359.5 million carats, representing annual growth of 42.5%.
For the first time, Dubai recorded a double all-time high in both the value and volume of diamond trade during a single year.
Strong Annual Growth in Diamond Trade Value
The total value of diamond trade across all categories increased by 16.2% year over year to $41.7 billion in 2025, compared with $35.8 billion in 2024.
This marked an increase of $5.8 billion in just one year.
Other categories also delivered record performances, with colored gemstone trade reaching $1.1 billion in 2025 and posting notable annual growth of 48%.
Dubai Strengthens Its Role in the Global Diamond Value Chain
These results confirm the continued long-term momentum of Dubai’s diamond sector.
Since 2020, the value of diamond trade through Dubai has risen by 139%, while physical trade volumes have doubled, increasing by 100%.
The figures reflect the emirate’s growing role as a preferred gateway linking producing countries, manufacturing centers, and consumer markets across the global diamond value chain.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of the Dubai Multi Commodities Centre, said the latest diamond trade results reflect the success of a long-term strategy aimed at building one of the world’s most connected, transparent, and efficient gemstones ecosystems.
He said that since the COVID-19 pandemic in 2020, diamond trade volumes through Dubai have doubled, while trade value has increased by nearly 140%.
The value of polished natural diamond trade alone has grown by 246%.
Bin Sulayem added that Dubai has become the preferred partner for producers, manufacturers, traders, and retailers across the global diamond industry.
He pointed to Dubai’s world-class infrastructure, clear regulatory environment, access to financing, and highly developed gemstones ecosystem as key factors supporting the sector’s continued growth.
Over the past decade, the value of diamond trade through Dubai has increased by 63%, while physical trade volumes have grown by 44%.
Natural Diamonds Account for the Largest Share
The record performance was mainly driven by continued strong momentum in natural diamond trade, which reached a total value of $39.9 billion in 2025.
Natural diamonds accounted for 95.8% of the total value of diamond trade.
The figures underline the continued importance of natural diamonds within Dubai’s trading activity and their major contribution to the sector’s overall performance.
Growth in Colored Gemstones and Lab-Grown Diamonds
The results also highlight the growing scale and diversity of Dubai’s diamond and gemstones ecosystem beyond the record performance of traditional diamond trading.
Colored gemstone trade reached its highest level on record, supported by a 68.8% increase in imports and 33.5% growth in re-exports.
At the same time, industrial diamonds and lab-grown diamonds continued to strengthen their position within the trade structure.
Together, the two categories now account for around 39% of total diamond trade volume by carat.
