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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - DIAMONDS & GEMSTONES
 UAE and China forge diamond links
Posted on 09/11/2008
China and the UAE have linked up for a massive push into the diamond and jewellery trade. Hundreds of delegates from around the world gathered in Dubai yesterday for the first Middle East-China Diamond and Jewellery Summit at the Dubai Multi Commodities Centre (DMCC).
The two-day conference aims to boost relations between China and the Middle East across the entire jewellery and diamond industry. Participants gathered with a common objective to capitalise on the strengths of these emerging
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 Giant diamond showcased in Dubai
Posted on 09/11/2008
A giant rough diamond mined from South Africa, and expected to be snapped up by a local buyer, was named in Dubai yesterday.
The diamond, a 478-carat white gem, measuring more than five centimetres long and worth upwards of Dh36.7 million (US$10m) was named after the Lesotho mine where it was uncovered in December: the Leseli La Letseng, or Light of Letseng.
It is the 20th largest diamond in the world. "The naming of what could become the largest-ever polished round diamond is another
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 Dubai coloured stones market shows strong growth potential
Posted on 15/10/2008
The coloured stones market is set to expand faster than other jewellery categories in the next five years, according to a new survey released yesterday by the Dubai Gems Club (DGC), a subsidiary of the Dubai Multi Commodities Centre (DMCC).
The findings of the survey were released at the ICA International Gem Fair 2008, the region's first dedicated coloured stones trade show, being held in Dubai this week.
The research, a first for the region's coloured stones industry, was commissioned by
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 Dubai to host world's first Pearl Forum
Posted on 24/09/2008
The Dubai Pearl Exchange, a subsidiary of the Dubai Multi Commodities Centre (DMCC), announced that it would host the first-ever World Pearl Forum, with the objective of bringing together the global pearl sector, and addressing ways to grow the worldwide market for pearl jewellery.
The initiative, sponsored by Dubai World, is in accordance with DMCC's continuing effort to revitalise the global pearl trade, and build on Dubai's historic status as the pearl centre of the Gulf. The event will be
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 Dubai's rough diamond trade reaches US$3.03bn in first half 2008
Posted on 17/08/2008
Dubai's total trade of rough diamonds increased by 36% to reach US$3.03bn at the end of the first six months of 2008, according to Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC).
During the first six months of 2008, rough diamond imports to the Emirate grew by 23% to reach US$1.15bn from US$937m, during the same period in 2007. This was mainly driven by high volumes imported from Angola (75%), and a 138% rise in imports from China. Exports in the first
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 Dubai and Thailand explore trade opportunities for coloured stones
Posted on 10/07/2008
Dubai Multi Commodities Centre (DMCC) and the Thai Gem and Jewellery Traders Association (TGJTA) signed an agreement Wednesday, making TGJTA the first affiliate member of the Dubai Gems Club (DGC), a strategic initiative of the Coloured Stones and Pearls Division at DMCC.
This agreement will boost trade opportunities between Dubai and Thailand, both fast-emerging markets for gems and coloured stones. Thailand, a major global gem trading and processing centre, is the second largest exporter of
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![]() Dubai's diamond trade reached US$11.23 billion in 2007
Posted on 03/03/2008
Dubai's total diamond trade increased by 53 per cent in 2007 to reach US$11.23 billion, as demonstrated by statistics released today by the Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC). The Emirate's rough diamond trade recorded a 29 per cent increase from 2006 to reach US$4.82 billion, while trade in polished diamonds increased by a massive 88 percent to reach US$6.41billion. In 2006, Dubai's total rough trade amounted to US$3.93 billion while total
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 DMCC plans pearl trading hub at The World
Posted on 26/02/2008
Dubai is setting up a pearl trading centre to strengthen its position in the jewellery trade and capitalise on the UAE's cultural heritage to attract more tourists. The Dubai Multi Commodities Centre (DMCC), which is behind the Pearls of Arabia project on the "Antarctica" island of The World, said it will provide a "free trade environment" for pearl traders. The destination will have a pearl-themed cultural heritage centre, a performing arts theatre, an exhibition gallery and a themed
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 New diamond laboratory in Dubai to standardise trading
Posted on 12/02/2008
The Dubai Diamond Exchange (DDE) is taking on an ambitious project to commodify the diamond trade for the first time globally, bringing transparency to pricing and creating potential for a futures market for the precious stones, according to the head of the exchange. International Diamond Laboratories (IDL), a new diamond certification service and a joint venture project by Dubai Multi Commodities Centre (DMCC), has been created to help move the project along, said Youri Steverlynck, Chief
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 Sheikh Mayed bin Mohammed unveils world’s first Arabic-language diamond certificate
Posted on 27/12/2007
Dubai-based International Diamond Laboratories (IDL) has become the world's first issuer of Arabic-language Diamond Certificates. The first such certificate was presented by Sheikh Mayed bin Mohamed bin Rashid Al Maktoum, to Tamjid Abdullah, Deputy Managing Director of Damas Jewellery, for a 24-carat pear shaped diamond.
IDL, an initiative of Dubai Multi Commodities Centre, provides high-quality diamond certification services from its headquarters in the UAE, and branch offices in Antwerp and
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![]() Rough diamond trade in Dubai touches US$1.08b
Posted on 06/12/2007
The total trade in rough diamonds in Dubai touched US$1.08 billion in the third quarter of 2007, according to the Dubai Diamond Exchange (DDE). This was 31 per cent higher than the US$828 million traded in 2006. DDE is a unit of Dubai Multi Commodities Centre (DMCC).
In the third quarter of 2007, Dubai imported rough diamonds worth US$447.6 million, an increase of 32 per cent from US$337.4 million in 2006. Exports touched US$640.2 million, a 30 per cent increase from US$490.5 million in 2006.
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 Dubai rough diamond trade touches US$2.24 billion in first half of 2007
Posted on 16/07/2007
The Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC), announced today that the total trade in rough diamonds in Dubai reached US$2.24 billion in the first half of 2007. This was overall 17 per cent higher than the US$1.91 billion traded during the same period in 2006.
Between January and June of this year, rough diamond imports into Dubai increased by 26 per cent, to US$937 million, while exports exceeded US$1.3 billion, marking a 12% increase. In terms
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 UAE jewellery trade topped US$6b in 2006
Posted on 08/05/2007
Dubai's exports of precious and semi-precious gemstones in the first half of 2006 exceeded Dh2.4 billion, "firmly establishing the emirate as a new world centre for the gemstone trade", the UAE Minister of Economy, Sheikha Lubna Al Qasimi, said yesterday at the International Coloured Stones Association (ICA) Congress held in Dubai.
Last year, the UAE accounted for more than US$6 billion of the US$146 billion global jewellery market, almost a third of the regional total. And the gemstones
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 Dubai's rough diamond trade hits US$3.93b
Posted on 11/03/2007
The total trade in rough diamonds in Dubai reached US$3.93 billion (Dh14.42 billion) in 2006, up from US$3.73 billion (Dh13.69 billion) in 2005, according to the Dubai Diamond Exchange (DDE), a subsidiary of the Dubai Multi Commodities Centre (DMCC).
Rough diamond imports to the emirate reached US$1.56 billion (Dh5.732 billion) in 2006, while exports stood at US$2.37 billion (Dh8.7 billion) for the same period.
In terms of carat value, a total of 84.6 million carats were traded in 2006,
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 Master Plan launched for Dubai's diamond sector
Posted on 28/02/2007
The Dubai Multi Commodities Centre (DMCC) revealed yesterday a Master Plan to further develop a service economy through supporting the diamond trade. The Master Plan seeks to implement a three-pronged strategy for business development, trade support and the creation of an interface to structure market interaction in the diamond sector in Dubai.
The Master Plan will be implemented under the co-ordination of Peter Meeus, the newly appointed Executive Director for Diamonds and Coloured Stones.
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