DMCC has formally established a Lab-Grown Diamond Vertical, a dedicated platform for an industry that has grown rapidly through Dubai in recent years and now accounts for a significant share of the UAE's diamond trade.
The move comes as the United Arab Emirates traded 76.9 million carats of lab-grown diamonds in 2025, a rise of 91.5% year-on-year. The value of that trade climbed 7.5% to USD 1.3 billion. Volumes have more than doubled since 2022, up 109% from 36.8 million carats, with imports and re-exports expanding at broadly the same pace. The UAE's total diamond trade, natural and lab-grown combined, reached USD 41.7 billion in 2025.
A dedicated platform for a fast-growing sector
DMCC says the new vertical will remain distinct from its natural diamond and coloured stone activities, giving lab-grown diamonds their own dedicated infrastructure rather than folding them into existing trading channels. The organisation has also hosted two Lab-Grown Diamond Symposiums, with the next one scheduled for 2027.
Diamond Foundry, a producer of lab-grown diamonds, established its international sales operations at DMCC in 2020, an early sign of Dubai's role as a hub for the sector.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of 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 United States have driven the scientific, technological and industrial development that turned an experimental breakthrough into a global industry now estimated at close to USD 30 billion. 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. With 76.9 million carats of lab-grown diamonds traded through the United Arab Emirates in 2025, more than double the 2022 figure, Dubai already has the scale to help shape the sector's next phase. 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."
Beyond jewellery
While lab-grown diamonds are widely known for jewellery, Bin Sulayem pointed to applications in semiconductors, diamond wafers, quantum technologies, medical devices and aerospace as areas where the material's thermal, optical and mechanical properties could become commercially significant. The global lab-grown diamond industry is estimated at close to USD 30 billion, built on decades of scientific, technological and industrial development led by China, India and the United States.
For Dubai, the establishment of a dedicated vertical signals an effort to position the emirate not just as a trading post for lab-grown stones but as a platform connecting producers, technology firms and buyers as the sector's applications expand beyond the jewellery counter.