DMCC to join NDC as it deepens Dubai’s role in reshaping the Global diamond trade

DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced its intention to join the Natural Diamond Council (NDC) in 2026, aligning the world’s largest diamond trading hub with the industry body leading global category marketing for natural diamonds. The announcement was made on the sidelines of Mining Indaba in Cape Town, during the second high-level meeting of the Luanda Accord – a framework agreement signed in Angola in June last year that commits its signatories to renewed, collective investment in the promotion of natural diamonds. The Luanda Accord brings together producer governments and industry participants, including DMCC and De Beers Group, and is led by the Natural Diamond Council.

The move brings DMCC – home to more than 1,300 diamond and precious stones companies, and the world’s largest hub for diamond trade – into the council at a moment of structural pressure for the diamond sector, as shifting consumer preferences, growing competition, and heightened scrutiny around provenance and responsible sourcing reshape global demand.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC said: “The decision to join the Natural Diamond Council reflects both the scale of Dubai’s role in the global diamond trade today and our responsibility to support the long term integrity and demand of the natural diamond category. As the world’s leading diamond trade hub and home to more than 1,300 diamond companies, this step underscores our commitment to supporting our community by strengthening consumer demand and safeguarding the future of the sector.