DiamondBuzz
Dubai Facilitates Over 1 Billion Carats in Diamond Trade as UAE Leads Kimberley Process Reforms
Dubai has traded more than 1.06 billion carats of rough and polished diamonds over the past five years, according to Ahmed Bin Sulayem, Chair of the Kimberley Process (KP) and Executive Chairman and CEO of the Dubai Multi Commodities Centre (DMCC). In 2024 alone, the emirate facilitated the trade of nearly 179 million carats, reaffirming its position as a global diamond trading hub.
The announcement was made during the Kimberley Process Intersessional Meeting, held in Dubai, which brought together hundreds of stakeholders from governments, industry, and civil society. The gathering focused on strengthening traceability, governance, and sustainability in the global diamond supply chain. This marks the UAE’s third term as KP Chair, and the second consecutive year it has led the initiative.
A major highlight of the event was the launch of Verifico, a digital platform designed to enhance the traceability and security of KP certificates. The platform is being made available to all KP participants as part of the UAE’s broader push toward digital transformation in the diamond trade.
Bin Sulayem also called for the first-ever ministerial meeting of KP member states to address mounting global challenges in the diamond industry. Highlighting the critical role of major markets, he stated: “The US, India, and the UAE are the key pillars sustaining the global diamond trade. The Kimberley Process must stay focused to ensure we support growth, resilience, and sustainable development.”

Opening the conference, H.E. Safeya Hashem Al Safi, Acting Assistant Undersecretary at the UAE Ministry of Economy, emphasized Dubai’s journey: “From modest origins, Dubai has risen to become the world’s leading rough diamond trading center. This reflects our economic diversification strategy and our long-term commitment to the diamond sector.”
Feriel Zerouki, President of the World Diamond Council, praised Bin Sulayem’s leadership: “His vision—defining the past two years as the ‘Year of Delivery’ and ‘Year of Best Practice’—provided the clarity and unity needed to overcome long-standing challenges.”


Jaff Bamenjo, from the Civil Society Coalition, echoed the call for meaningful progress: “The KP must deliver on long-promised reforms. A collective, renewed commitment is essential to achieve credible progress during this final year of the current KP reform cycle.”
DiamondBuzz
De Beers – The New Power Move: Why Natural Diamonds Are The Definitive Daily Essential For The Modern Indian Man
Natural Diamonds Are Emerging As the Ultimate Symbol Of Personal Style, Achievement, and Everyday Luxury For India’s Modern Male Consumer.
Masculine style in 2026 has a new focal point. The conversation around men’s jewellery has moved away from traditional ceremonial wear toward a more personal, everyday expression of identity. Whether it is a signature chain, a sculptural pendant, or a bold ring, natural diamonds have become the primary medium for this new aesthetic.
The data confirms this shift: recent industry research shows that 52% of acquired diamonds in India are now worn every day.
This cultural transformation is most visible where performance meets high-profile style. Indian cricketers are leading the charge, wearing natural diamonds both on and off the field as a mark of their personal journey and quiet confidence. From training sessions to post-match press conferences, icons like Suryakumar Yadav, Abhishek Sharma, and Hardik Pandya treat their bespoke diamond pieces as an extension of their professional “armour.”
This ease with luxury is mirrored globally; Formula 1 icons like Lewis Hamilton have long made natural diamonds central to their paddock style, while the red carpet has seen a surge in unconventional masculine styling. Recent appearances by Jay-Z, who wore a vintage diamond brooch at the collar, highlight that natural diamonds are a core part of the modern fashion vocabulary.
The primary driver of this shift is the Gen Z and Millennial male. Broadly the 18 to 38 age group, this demographic is urban, digitally fluent, and possesses a strong personal aesthetic. Gen Z alone now generates 51% of the total natural diamond market value in India, a 19% increase since 2022.
Most importantly, self-purchase is replacing gifting as the dominant entry point. Men are now research-driven and decisive, choosing to buy natural diamonds to mark professional achievements or simply to refine their daily personal brand.
While Tier 1 metros remain the primary base, aspiration is expanding rapidly into Tier 2 and Tier 3 cities. As high-income Indian households are forecast to grow by 16% through 2030, the male natural diamond consumer of tomorrow is younger, more stylistically confident, and far more willing to invest in himself.
This demand is also shaping a new design language. The lone solitaire stud is being replaced by architectural silhouettes, layered chains, chunky bracelets, and rings with clean, geometric lines. Princess and baguette cuts are increasingly preferred for their sharp, masculine appeal.
As we look toward the next decade, this momentum is only set to accelerate. What began as a styling choice on the cricket pitch has matured into a cultural standard of authenticity and permanence. For the modern Indian man, a natural diamond is more than a luxury, it is an enduring signature of his unique journey.
In an era of fleeting trends, this shift toward the rare and the timeless signals a future where masculinity is defined by a legacy that stays forever.
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