Dubai Multi Commodities Center (DMCC) released a special edition of its Future of Trade thought leadership report series focused on lab-grown diamonds (LGDs), the rapid global rise of this nascent technology and its transformative impact on the industry.
The report, titled “Coming of Age – The Future of Lab Grown Diamonds,” is a culmination of industry expertise and in-depth analysis, says a press release from DMCC.
The report finds that Dubai has emerged as a key player in the LGD trade, and is poised to lead the next chapter of innovation and industry growth. The report illuminates key findings that set the industry's trajectory, propelling LGDs from a niche market to a technological powerhouse.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “The LGD industry is navigating a phase of transition, adapting to slower growth, disruption and market shifts in the United States, while exploring untapped markets like China, Europe, India and the Middle East. With the rise of the LGD industry symbolising the intersection of technology and trade, the potential it holds is monumental.”
“As a global trade hub, Dubai offers a strategic location for LGD innovation and trade, envisioning a future where LGDs redefine industries and sustainability norms. Leveraging DMCC’s world-class infrastructure and facilities coupled with our expertise in trade and advanced technology, we are excited to see Dubai positioned as a pioneering force in this transformative era,” he added.
Andrey Polyakov, Editor in Chief of the Asian Bureau in Dubai, UAE, for Rough&Polished
