UAE diamond trade projected to reach USD $ 13.5 billion in 2008

26-May-2008

The UAE’s diamond trade is expected to touch USD $ 13.5 billion this year, up from USD $ 11.5 billion in 2007, according to Jean Van Der Donckt, Director, Diamond Finance, Dubai Metals & Commodities Centre (DMCC). “The diamond trade in the UAE has witnessed tremendous growth in the past few years and trade volumes this year are anticipated to reach new highs,” he said in a recent press release.