Dubai’s exclusive market for lab-grown diamonds 

The global diamond industry is undergoing a structural evolution driven by technological disruption. Today, the market offers more lab-grown diamonds (LGDs) and recycled stones than the total annual physical output of natural diamonds. This reality requires a clear-eyed reassessment of how we trade, classify, and value precious materials. This is also a fundamental reason why DMCC has formally announced a dedicated Lab-Grown Diamond vertical.

Designed for an industry increasingly driven by advanced manufacturing, deep tech, and consumer demand, this new vertical establishes an explicit operational separation between lab-grown and natural diamonds. The formalisation comes as the UAE records its highest-ever LGD trade volume of 76.9 million carats in 2025, up 91.5 per cent year-on-year, valued at USD 1.3 billion. 

Lab-grown diamonds offer a unique growth vector into deep tech, defence, medicine, and high-performance computing, a sector estimated to be worth close to USD 30 billion. Rather than forcing these two distinct products to fulfil the same economic role, a mature market 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.