DiamondBuzz
DMCC To Host Second Edition Of Dubai Diamond Week This October As Global Diamond Industry Convenes In Dubai
- Dubai Diamond Week returns for its second edition from 26 to 29 October 2026, organised by DMCC, Informa Markets and Italian Exhibition Group (IEG)
- Dubai Diamond Conference and Jewellery, Gem & Technology in Dubai (JGTD) to combine strategic dialogue with the Middle East’s leading international sourcing platform
- Thousands of leaders from government, mining, manufacturing, retail, finance and technology to gather in Dubai
- Dubai’s record USD 41.7 billion diamond trade reinforces its position as the world’s leading meeting place for the international diamond industry
DMCC, the leading international business district that drives the flow of global trade through Dubai, today announced the return of Dubai Diamond Week for its second edition, bringing together the global diamond industry at one of the most significant periods in its history. Taking place from 26 to 29 October 2026, the programme will convene governments, producers, manufacturers, retailers, traders, investors and technology leaders for four days of strategic dialogue, international trade and commercial engagement.
Centred around DMCC’s flagship Dubai Diamond Conference (DDC), now in its seventh edition, and Jewellery, Gem & Technology in Dubai (JGTD), the Middle East’s only B2B exhibition dedicated exclusively to the international jewellery industry, Dubai Diamond Week combines high-level industry dialogue with the region’s leading international sourcing platform. Together, the two events connect every stage of the global diamond and jewellery value chain, creating a unique platform where strategic discussions translate into commercial opportunity through international sourcing, dealmaking and business development.
At a time when the diamond industry is navigating a complex set of market dynamics, including changing consumer demand, supply-side reordering and technological innovation, Dubai Diamond Week 2026 will provide the global platform for industry leaders to exchange ideas, forge partnerships and identify new opportunities for long-term growth.
The announcement builds on Dubai’s continued rise as the world’s leading hub for the international diamond trade. Earlier this month, DMCC announced that Dubai’s diamond trade reached a record USD 41.7 billion in 2025, supported by its precious stones ecosystem that has grown to almost 1,400 companies through the Dubai Diamond Exchange, the world’s largest diamond tender facility. Reflecting the focus of Dubai Diamond Week 2026, the vast majority of this trade comprises natural diamonds. Together, these strengths have established Dubai as the global meeting place for the diamond industry and the natural home for its most important international gathering.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said:
“With a record USD 41.7 billion in diamond trade in 2025, Dubai has firmly established itself as one of the world’s leading centres for the global diamond and precious stones trade. As the industry continues to undergo profound structural change, the need has never been greater for a trusted platform that brings together every part of the value chain to exchange ideas, build consensus and unlock new commercial opportunities.
Dubai has become the place where the global diamond industry convenes to trade, collaborate and shape its future, and Dubai Diamond Week reflects that leadership. With the seventh edition of the Dubai Diamond Conference providing the strategic agenda and Jewellery, Gem & Technology in Dubai serving as its commercial pillar, the 2026 Dubai Diamond Week will create one of the most sought-after platforms for global industry dialogue, paired with tangible business opportunities. Together, we continue to create the conditions for the industry to build resilience and navigate its next chapter.”
Adding to that, Margaret Ma Connolly, President & CEO of Informa Markets Asia, said:
“Bringing JGTD and the Dubai Diamond Conference together in the same week creates something truly valuable − a complete industry experience where sourcing meets strategy and business meets big-picture thinking. Our exhibitors and visitors gain direct access to the conversations shaping the future of this sector while conference delegates can explore the latest products and innovations on the ground. It’s the kind of synergy that only happens when you align the right events at the right time in the right place.”
Marco Carniello, Chief Business Officer of Italian Exhibition Group, said:
“Built on flexibility and responsiveness to the evolving needs of the market, the alignment of the Dubai Diamond Conference and Jewellery, Gem & Technology in Dubai brings together two complementary initiatives supported by DMCC and by the strong engagement of the organisers Informa and IEG together with leading industry partners. Diamonds and gemstones are at the very heart of this convergence, at the centre of a truly international B2B marketplace.
As the reference hub for the jewellery and gems industry in the Middle East and beyond — smart in format and genuinely attentive to companies’ needs — it sets the stage for high-quality engagement and meaningful exchange among global industry leaders and international buyers. Dubai, with its established vocation as a global hub for investment, business and long-term relationships, provides the natural setting.”
The Dubai Diamond Conference will open Dubai Diamond Week on 26 October with a newly refined programme focused on the commercial and strategic priorities shaping the future of the natural diamond industry. Held under the theme “Diamond 2.0: A Strategic Reset – Reigniting Desire, Unlocking New Value”, the conference will explore new approaches to strengthening long-term demand growth for natural diamond jewellery, leveraging emerging technologies and unlocking new sources of value creation. A programme of bilateral meetings, company showcase presentations and guided tours of Almas Tower and the Dubai Diamond Exchange on 27 October will extend these discussions into practical business engagement.
Running from 27 to 29 October at the Dubai Exhibition Centre, Jewellery, Gem & Technology in Dubai (JGTD), organised by Informa Markets and Italian Exhibition Group (IEG), is the Middle East’s only B2B exhibition dedicated exclusively to the international jewellery industry. Now in its fifth edition, JGTD has established itself as the region’s leading sourcing platform for diamonds, coloured gemstones, finished jewellery, jewellery technology and advanced manufacturing equipment, attracting manufacturers, suppliers, traders, retailers and buyers from across the global jewellery value chain.
Supported by DMCC as Official Partner and the Dubai Jewellery Group as Industry Partner, JGTD represents the commercial pillar of Dubai Diamond Week, complementing the strategic dialogue of the Dubai Diamond Conference with unparalleled opportunities for international sourcing, business development and trade. Together, the two events create the industry’s most comprehensive platform for commercial collaboration and thought leadership, further cementing Dubai’s position as the world’s leading hub for the international diamond, gemstone and jewellery industries.
DiamondBuzz
De Beers Group Sets Out Portfolio and Organisational Actions to Support Long-Term Value Creation
Company outlines strategic cost optimisation, portfolio streamlining and operational changes to strengthen resilience while positioning for long-term growth in the natural diamond industry.
De Beers Group is advancing delivery of its business streamlining by setting out a number of planned portfolio and organisational changes to ensure an efficient cost base that strengthens resilience in the near-term while enhancing future competitiveness and retaining optionality as industry conditions improve.
Since 2024, De Beers has been streamlining its business in line with its Origins strategy to reduce costs, divest non-core assets and prioritise investment in activities that create the most value. Significant progress has been made, with more than $100 million of annual overhead costs removed from the business, the sale or closure of a number of non-core assets and significant capital and cost reconfigurations to asset expansion projects.
Simultaneously, De Beers has reinvested in natural diamond category marketing to support the industry’s efforts to grow natural diamond demand, launching new large-scale campaigns and collaborating with key stakeholders across the value chain to foster industry-wide investment. Global consumer demand for natural diamond jewellery returned to growth in 2025, while natural diamond sales increased across US independent jewellers in 2025 and into Q1 2026, led by higher value diamonds and those promoted by De Beers’ Desert Diamonds marketing campaign.
On the supply side, global rough diamond production is now decreasing, with several producers closing mines during 2026. Whilst the increasing rarity of diamonds and the emerging signs of improvement in consumer demand are likely to support longer-term value creation, rough diamond trading conditions are expected to remain challenging in the near-term due to cyclical and industry-specific factors.
Consistent with recent actions to improve business resilience, De Beers intends to pause production at the Venetia mine in South Africa for two years to reduce costs while also rephasing capital expenditure on its underground project. This will involve critical infrastructure investment to enhance the capacity and efficiency of the mine, with the intention to support future production growth as business and industry conditions improve.
De Beers is engaging with stakeholders in accordance with relevant requirements and the company’s values as it moves through this process, and will both support impacted employees and continue to invest in its community and Social and Labour Plan commitments.
This proposed action at Venetia Mine follows the decision earlier this year to pause the Tuzo Phase 3 expansion project at the Gahcho Kué Mine in Canada.
In parallel, De Beers plans to reconfigure its global operating model to refocus and prioritise resources on the core operational businesses and reduce its central corporate cost base.
Al Cook, CEO of De Beers Group, said:
“In line with our commitment to focus and streamline our business, we are making a number of changes to De Beers to ensure greater business resilience in the near-term, while supporting long-term value creation. We recognise the protracted challenging conditions as the diamond industry evolves, though we are encouraged by signs of consumer demand growth in the US and beyond, particularly in higher quality diamonds.
Global rough diamond supply is falling, bringing more support to the market. The changes we are making to our business are focused on underpinning our efficiency now and into the future, favourably positioning De Beers in its leadership role.”
De Beers Group will maintain current production levels through its other operations, and previous production guidance remains unchanged.
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