Dubai has become an important global and major regional center for the sale of diamonds and diamonds. In 2007, the emirate overcame the "psychological barrier" of $ 10 billion in terms of trade in these precious goods.
According to the Al-Ittihad newspaper in Abu Dhabi, Dubai’s diamond trade exceeds $ 11.2 billion. The value of diamonds passing through the Dubai market last year increased by 88 percent compared to 2006 and amounted to $ 6.41 billion. Diamond trade over the same period grew by almost a third and exceeded $ 4.8 billion.
The main suppliers of diamonds to the United Arab Emirates are Russia, South Africa and Angola. Diamonds come to the UAE mainly from India and Belgium, which are the world's largest centers in the field of diamond processing and the sale of diamonds and diamonds.
Dubai gold traders note that demand for diamonds has increased due to rising oil prices. The main buyers of jewelry in the emirate, they call Russian citizens and Saudi citizens.
