DMCC launches lab-grown diamond sector as UAE trade surges 91.5% to 76.9 million carats
Imports and re-exports have expanded at broadly similar rates, pointing to sustained growth across the UAE’s trade flows rather than a shift concentrated in one part of the market
31 August, 2026
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DMCC, the leading international business district driving the flow of global trade through Dubai, has formally established its Lab-Grown Diamond Vertical, creating a dedicated platform for a rapidly expanding industry increasingly shaped by advanced manufacturing, technology, jewellery and global consumer demand.
The move comes as the UAE records its highest-ever lab-grown diamond trade volumes. A total of 76.9 million carats were traded in 2025, up 91.5 per cent year on year, while the value of trade rose 7.5 per cent to $1.3bn.
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Volumes have more than doubled since 2022, climbing 109 per cent from 36.8m carats. Imports and re-exports have expanded at broadly similar rates, pointing to sustained growth across the UAE’s trade flows rather than a shift concentrated in one part of the market, according to a Dubai Media Office report.
A distinct market takes shape
DMCC’s decision to establish lab-grown diamonds as a standalone vertical reflects the sector’s increasingly distinct economic foundations. The move creates a clear separation from DMCC’s natural diamond and coloured stone activities, recognising that lab-grown diamonds are characterised by scalable manufacturing, technical specifications and growing industrial applications.
Ahmed Bin Sulayem, executive chairman and CEO, DMCC, said: “Lab-grown diamonds have reached the point where they need dedicated market infrastructure and a distinct economic case of their own, developed alongside the natural diamond trade rather than in place of it.
“For decades, China, India and the US have driven the scientific, technological and industrial development that turned an experimental breakthrough into a global industry now estimated at close to $30bn. The most significant opportunity ahead may lie beyond jewellery, in semiconductors, diamond wafers, quantum technologies, medical devices, aerospace and other advanced applications where the material’s thermal, optical and mechanical properties become commercially important.”
He added that the UAE’s growing trade volumes give Dubai an opportunity to play a larger role in the industry’s next phase.
“With 76.9 million carats of lab-grown diamonds traded through the UAE in 2025, more than double the 2022 figure, Dubai already has the scale to help shape the sector’s next phase,” Bin Sulayem said.
“DMCC’s Lab-Grown Diamond Vertical gives the industry a dedicated global platform to expand international trade flows, bring producers, technology companies and buyers closer together, and build the transparent market infrastructure the sector needs for its continued development.”
China, India and US drive growth
The modern lab-grown diamond industry has been shaped by three foundational markets whose combined capabilities have helped build the sector at global scale.
China has emerged as the dominant centre for industrial-scale production, research and development, while India has become a global powerhouse for chemical vapour deposition growth, manufacturing and processing. The United States, meanwhile, has played a pioneering role in diamond-growth technology and remains the industry’s largest consumer market.
Together, the three markets have supplied technological innovation, production capacity, manufacturing expertise and consumer demand, helping lab-grown diamonds develop from an experimental technology into a global commercial industry. Japan, Israel and the UK have also established themselves as hubs for research, industrial applications and trade.
Beyond jewellery
While jewellery remains an important market, lab-grown diamonds are increasingly being developed for advanced industrial applications. Their thermal, optical and semiconductor properties could support uses in semiconductors and diamond wafers, quantum technologies, space systems and precision engineering.
The development of these applications could further broaden the sector’s economic significance, shifting lab-grown diamonds from a predominantly consumer-facing product towards a material with wider industrial and technological relevance.
Building Dubai’s diamond ecosystem
The new Lab-Grown Diamond Vertical formalises several years of DMCC activity in the sector. Diamond Foundry established its international sales operations at DMCC in 2020. Since then, DMCC has developed a dedicated digital platform, expanded its research and trade agenda and hosted two Lab-Grown Diamond Symposiums, with the next scheduled for 2027.
The vertical will bring together global and regional producers, manufacturers, traders, investors, finance providers, technology companies and industrial users, while strengthening Dubai’s links with the industry’s principal global markets.
The initiative will remain distinct from DMCC’s natural diamond and coloured stone activities. At the same time, the UAE’s broader diamond trade continues to expand, reaching a record USD 41.7 billion in 2025 alongside sharp growth in synthetic and industrial diamond volumes.




















