In the span of two decades, DMCC has proven the lynchpin in Dubai’s transformation into a global titan of trade in diamonds.
From joining the Kimberley Process in 2003 to housing the largest diamond tender facility on the planet, DMCC has created a comprehensive ecosystem that champions transparency and security, setting the benchmark for international trade in diamonds.
Home to more than 1,300 leading companies from across the sector, DMCC’s Diamond Ecosystem provides your business with the cutting-edge facilities, services and platforms required to thrive globally.
#1
World’s largest trading hub for rough diamonds
$38.3 billion
Value of trade in rough and polished diamonds in 2023
32%
YoY increase in polished diamonds trade in 2023
11%
Five-year compound annual growth rate
Source: DMCC (WAM)
Customised licences covering everything from manufacturing and processing to trade marketing and consultancy services.
Access to assortment, valuation and sales support services.
Access to the DDE Vault, a state-of-the-art diamond storage facility.
Members gain access to a vast range of insurance products and services covering all facets of their operations.
DMCC can assist with all customs processes.
In a global first, the DDE has established a Tender Best Practice Forum Code of Conduct, which sets out the key principles for rough and polished diamond tenders and auctions in support of both suppliers and buyers. Membership of the Forum is by invitation only and is extended to DDE members who have conducted a minimum of two tenders in the 12 months prior to the establishment of the Forum.
The DDE Vault is a state-of-the-art storage facility that offers short and long-term storage solutions for diamonds, gold, designer jewellery and other precious items. Adhering to the highest global security standards, deposits and withdrawals can be made via a fully automated robotic system at the client’s convenience.
Situated in the iconic Almas Tower, the DDE Vault seamlessly connects major precious stones trade routes, making it an unparalleled storage hub for clients in the Indian subcontinent, Southeast Asia, Europe, and Africa.
Proudly managed by Ferrari Security & Vaulting DMCC, the state-of-the-art facility boasts 24/7 security, diverse storage and insurance options, and efficient drop-off facilities. Positioned near key transport networks, including Dubai International Airport, it serves as a lynchpin in Dubai's logistics infrastructure.
The System of Warranties (SoW), mandatorily affixed to all invoices or memos, activates each time a diamond - whether rough or polished, loose or set in jewellery - is transferred between parties. It serves as a corporate assurance that the sourced diamond complies with the Kimberley Process Certification Scheme (KPCS), aligning with globally recognised standards for human and labour rights, anti-corruption, and anti-money laundering practices. The SoW is a cornerstone of corporate responsibility in the diamond trade, embodying a commitment to ethical sourcing and transparent business operations.
The World Diamond Council (WDC) last updated its SoW terms in 2018. All ecosystem members are bound by the terms of the SoW when trading diamonds and should take the following steps as per WDC guidelines:
Home to more than 25,000 companies, from innovative start-ups to global powerhouses, DMCC stands as the world’s premier business hub. Every month, more than 250 visionary businesses join the community, benefitting from an unrivalled suite of world-class support services and state-of-the-art infrastructure. Join DMCC today and create your future in step with Dubai’s unique spirit of enterprise and innovation.
Ecosystem members benefit from an extensive range of professional networking opportunities, from dedicated clubs catering to specific industry sectors to exhibitions and industry events.
With 25,000+ member companies representing 180+ countries specialising in 900+ business activities, DMCC is the world’s most dynamic business hub and district. Here are some of our success stories.
I think DMCC have a perfect team of people who were looking at commodities, gemstone-related ideas, what kind of pipeline challenges and so on. I think that was the real key differentiating factor of what DMCC has over other free zones. Talking to people in DMCC, they knew the details of our industry, which is pretty unique.
DMCC was chosen for three main reasons: the location, the flexibility & level of service that was offered, and the proximity to our employees. We are importing a lot of goods and being at DMCC is a blessing. The flexibility has an impact directly on sales.
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