DiamondBuzz
De Beers opens flagship store in Dubai Mall
De Beers has unveiled its new flagship boutique in Dubai Mall, marking a significant expansion into the UAE in partnership with Chalhoub Group. Rooted in over a century of diamond expertise, the store showcases the brand’s iconic collections—including Talisman, Enchanted Lotus, and RVL—alongside one-of-a-kind high jewellery pieces. Inspired by nature and blending Southern African heritage with London design, the boutique offers a luxurious, immersive space that celebrates De Beers’ legacy and craftsmanship.
Drawing on diamond expertise stretching back to 1888, the jewellery house marks life’s gradual evolution with meaningful creations. Just as rough diamonds are transformed into exquisite De Beers jewellery, the house honours the heartfelt moments, big and small, that define who we become.
Situated on the ground floor of the prestigious Dubai Mall in downtown Dubai, the new boutique takes design cues from the De Beers flagship on London’s Old Bond Street. Resplendent in the house’s signature shades of blue, white and orange, the furnishings and decorations have been chosen to represent locations close to De Beers’ heart. The boutique is designed to foster connections between clients and Brand Ambassadors, with a combination of open-plan space to explore the collections and intimate private areas. A bespoke lighting system was developed to showcase the fire, life and brilliance of each De Beers diamond.
DiamondBuzz
Antwerp Diamond Trade Grew by 9% to $10.6 Billion y-o-y
Despite Global Conflicts and Sanctions Against Russia, Antwerp Remains A Top Hub For Buying and Selling Rough Diamonds.
Antwerp had a good first half of 2026 for diamond trading. Total diamond trade grew by 9% to $10.6 billion compared with last year, and the number of diamonds traded rose by 14%.
More rough diamonds came in and went out, especially from countries like Botswana, Angola, and the UAE. While more polished diamonds were imported, slightly fewer were exported. The Antwerp World Diamond Centre (AWDC) noted that despite global conflicts and sanctions against Russia, Antwerp remains a top hub for buying and selling rough diamonds.
However, it wasn’t all good news. The total dollar value of rough diamonds actually dropped by 15%, mostly because lab-grown diamonds are becoming more popular and creating tough competition. On the bright side, polished diamonds saw a big jump in value. Even with this recent growth, business is still about 25% lower than it was two years ago due to inflation, war, and the rising popularity of synthetic gems.
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