Volume exceeded 206 million carats in the first half diamond trade in Dubai achieved new record figures
Volume exceeded 206 million in the first half carat diamond trade in Dubai achieved new record figuresSource: Dubai - release date: November 13, 2011
Announced the Dubai Diamond Exchange, the platform operating in the global diamond trade and a subsidiary of the Dubai Multi Commodities, for achieving a new record in the total volume of diamonds in Dubai, to become the diamond of the most heavily traded commodity in the emirate.
The increased size of the diamond trade through Dubai during the first half of this year to about 2061 million carats, an increase of 57% the size of diamonds were traded during the same period of last year, which amounted to 131 million carats, and total value of the diamond rolling up 16.3 billion during the first half of the year 2010, to about $ 25.3 billion this year.
And topped by India, Belgium, Hong Kong and Switzerland List of major trading partners in the diamond trade in the emirate, which highlights Dubai's position as a trading center connecting the consumer markets and producing markets. Dubai has seen a growth in the size of the diamond trade with new markets such as Angola and the Congo.
Dubai's position globally
Said Ahmed bin Sulayem, Executive Chairman of the Dubai Multi Commodities: The size of the diamond trade through Dubai this year, a sign clearly on Dubai's global trade in diamonds, to take hold Dubai's position as one of the top three centers for the diamond trade in the world.
He added: We have this year to host the first meeting of the heads of the World Federation of Diamond Bourses are held in the Arab world. As the only outlet for the rough diamond trade in the UAE, we affirm our full support for the initiative of Kimberly and our full commitment to its principles. And renew each of the Dubai Multi Commodities Exchange and the Dubai Diamond their full commitment to encourage and support the diamond trade through the provision of modern facilities, competent and appropriate legislative systems, as well as value added services.
Announced the Dubai Diamond Exchange, the platform operating in the global diamond trade and a subsidiary of the Dubai Multi Commodities, for achieving a new record in the total volume of diamonds in Dubai, to become the diamond of the most heavily traded commodity in the emirate.
The increased size of the diamond trade through Dubai during the first half of this year to about 2061 million carats, an increase of 57% the size of diamonds were traded during the same period of last year, which amounted to 131 million carats, and total value of the diamond rolling up 16.3 billion during the first half of the year 2010, to about $ 25.3 billion this year.
And topped by India, Belgium, Hong Kong and Switzerland List of major trading partners in the diamond trade in the emirate, which highlights Dubai's position as a trading center connecting the consumer markets and producing markets. Dubai has seen a growth in the size of the diamond trade with new markets such as Angola and the Congo.
Dubai's position globally
Said Ahmed bin Sulayem, Executive Chairman of the Dubai Multi Commodities: The size of the diamond trade through Dubai this year, a sign clearly on Dubai's global trade in diamonds, to take hold Dubai's position as one of the top three centers for the diamond trade in the world.
He added: We have this year to host the first meeting of the heads of the World Federation of Diamond Bourses are held in the Arab world. As the only outlet for the rough diamond trade in the UAE, we affirm our full support for the initiative of Kimberly and our full commitment to its principles. And renew each of the Dubai Multi Commodities Exchange and the Dubai Diamond their full commitment to encourage and support the diamond trade through the provision of modern facilities, competent and appropriate legislative systems, as well as value added services.
Exports and imports
Has doubled the size of the rough diamond trade through Dubai during the first six months of this year to reach about 108 million carats, surpassing the barrier of 105.1 million carats, who scored during the whole of last year. Increased Dubai's total exports of polished diamonds by 40%, bringing to 46.8 million carats, worth approximately $ 9.7 billion, compared to 33.3 million carats, worth about $ 6.7 billion recorded during the first half of last year.
On the other hand, saw Dubai's total imports of polished diamonds rose by 17% up to 51.3 million carats and worth about $ 9.7 billion, compared to those recorded in the same period last year, which amounted to 43.8 million carats, to hit about $ 6.4 billion, Thus, the total volume of polished diamonds were traded in the first half of 2011 to 98 million carats, worth 19.4 billion dollars.
For his part, said Peter Meeus, Executive Chairman of the Dubai Diamond Exchange: In less than ten years, eventually become one of Dubai's major trading centers of the world's rough diamond, a feat not seen in the diamond trade in the world before. With the increasing importance of the African continent, strengthened Dubai's position steadily as unique of its kind for the distribution of rough diamonds of Africa.
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