Home UAE Dubai Dubai’s diamond hub status cemented with new GIA lab The new lab will enhance Dubai’s role within the global diamond supply chain, offering faster turnaround times and streamlined processes by Gulf Business February 26, 2024 Image: DMCC Dubai’s DMCC is home to a new Gemological Institute of America (GIA) laboratory. The new facility will offer efficient and science-based diamond grading services by the GIA, a globally recognised name in the diamond industry. “Opening a laboratory in the important global diamond centre of Dubai is a significant step in expanding our services to advance our important consumer protection mission and meet the needs of the industry,” said Tom Moses, GIA executive vice president and chief laboratory and research officer. The state-of-the-art lab is in a custom-designed space on two floors at Uptown Tower. “The establishment of the laboratory at Uptown Tower adds significant value not only for our free zone members but also for the wider industry, particularly when it comes to speeding up cycle times,” said Ahmed bin Sulayem, DMCC executive chairman and CEO. GIA lab to enhance global diamond supply chain This development will support Dubai’s growing polished diamond segment, which now accounts for 40 per cent of the emirate’s diamond trade value. It will also enhance Dubai’s role within the global diamond supply chain, offering faster turnaround times and streamlined processes. Initially, the laboratory will serve clients operating in Dubai’s free zones, with plans to expand to other countries soon. Services offered include grading D-to-Z diamonds weighing up to 3.99 carats. Appointments to get diamonds graded can be made through GIA.edu/Dubai-DMCC. Tags diamond trade DMCC Gemological Institute of America Uptown tower You might also like Dubai: DMCC launches AI Centre to drive global AI solutions DMCC attracts 160 Indian companies in H1 2024 as trade corridor booms Dubai’s DMCC now home to over 24,000 companies, reveals report Dubai diamond trade value dazzles at $38.3bn in 2023