DMCC welcomes gemological institute of America as it expands internationally with state-of-the-art laboratory in Dubai

DMCC welcomes gemological institute of America as it expands internationally with state-of-the-art laboratory in Dubai

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has welcomed the GIA (Gemological Institute of America) to Uptown Tower as part of its latest efforts to provide a comprehensive diamond value chain in Dubai, reflecting the emirate’s status as a world-leading diamond trade hub.

 

Through the new GIA Laboratory in Dubai, the global diamond industry now has a new, state-of-the-art option for trusted, efficient, and science-based diamond grading services. The GIA is one of the leading diamond grading institutions globally, with the new laboratory significantly increasing the support provided to Dubai’s polished diamond industry.

 

Dubai is the largest rough diamond trade hub in the world, historically accounting for the vast majority of the emirate’s diamond trade. Today, the polished diamond segment has grown significantly and now accounts for approximately 40% of the value of Dubai’s diamond trade.

 

“As an industry leader for research, education, and grading, we are delighted that the GIA now becomes an integral part of the new silk route in the global diamond supply chain, further highlighting the strategic role Dubai plays within it,” said Ahmed bin Sulayem, DMCC Executive Chairman and Chief Executive Officer. “The establishment of the GIA