How much is the market value of diamond trade worth globally?
The overall global diamond jewellery consumption will be around $70 billion. One interesting fact is that the Gulf is one of the fastest growing markets, where over the last decade there has been a double-digit growth. Since the last two years the GCC, on the back of high oil prices and excess liquidity, has been growing at over 20 per cent becoming the third largest market for diamond jewellery. Another big advantage for the DDE is that it is next to emerging growing markets of India and China. If you look at trends over the past two years, the European market has been flat, the Japanese market, after declining for few years, is stabilising now, while the American market is quite stagnant. The only place where you have real growth is in the GCC, India and China. Also, DDE is strategically located within these two markets and can service these markets much better than other centres can. What is Dubai’s market share compared to other centres? That is difficult to say because rough diamo
