Dubai builds dedicated infrastructure as lab-grown diamonds move beyond jewellery

Just as Dubai established itself as the leading hub for natural diamonds, it is today ensuring China, India, the United States, and other global partners have a permanent institutional home for LGDs. This reflects Dubai’s significant growth in synthetic and industrial trade volumes, which account for approximately 39 per cent of its total diamond carat volumes, reaching a record USD 41.7 billion in 2025.

DMCC’s LGD vertical, similar to DMCC’s financial community, FinX, seamlessly bridges precious commodities with our wider technology infrastructure, which encompasses over 4,000 tech companies. This ecosystem is supported by targeted sector reports, a dedicated portal, and the flagship LGD Symposium, which returns in 2027.

Rather than forcing these two distinct products to fulfil the same economic role, Dubai supports a mature market that must maintain absolute clarity. LGDs belong alongside gold, precious metals, and critical minerals; commodities valued for their specific utility, industrial scalability, and technical performance rather than geological scarcity.