International News
Dubai Records Highest-Ever Diamond Trade In 2025
Natural Diamonds Continued To Dominate The Market, Contributing US$39.9 billion, Or 96% Of Dubai’s Total Diamond Trade Value In 2025.
Dubai achieved a record performance in its diamond trade in 2025, reaching its highest-ever levels in both value and volume, according to the Dubai Multi Commodities Centre (DMCC).
The total value of diamond imports and exports increased 16% year-on-year to US$41.7 billion, up from US$35.8 billion in 2024. Trade volume also surged 43% to 359.5 million carats, marking the first time Dubai has recorded all-time highs in both value and physical volume.
DMCC CEO Ahmed Bin Sulayem said the strong performance reflects Dubai’s long-term strategy of building a transparent, connected, and efficient global hub for the diamond trade. Since 2020, diamond trade through Dubai has doubled in volume and grown nearly 140% in value.
Natural diamonds continued to dominate the market, contributing US$39.9 billion, or 96% of Dubai’s total diamond trade value in 2025.
Trade in rough diamonds reached 205.2 million carats, the second-highest volume on record and around 34% higher than in 2024. The value of natural polished diamond trade rose nearly 25% to US$18.7 billion. Since 2020, the value of natural polished diamond trade through Dubai has increased by 246%.
Over the past decade, Dubai’s overall diamond trade has grown 63% in value and 44% in volume, reinforcing its position as one of the world’s leading diamond trading centres.
The emirate also recorded strong growth in other precious stones. Coloured gemstone trade climbed 48% to a record US$1.1 billion, supported by a 69% increase in imports and a 34% rise in exports. Meanwhile, synthetic and industrial diamonds accounted for around 39% of the total diamond trade volume in 2025.
International News
IIJS Bharat Strengthens Its Engagement With Vietnam’s Jewellery Industry , Aims Larger Buyer Delegation
The Discussions Highlighted Vietnam’s Strong Demand For Gold and Silver Jewellery, With Indian Silver Jewellery Enjoying Particular Preference Among Vietnamese Buyers
IIJS Bharat has strengthened its engagement with Vietnam’s jewellery industry through a series of high-level meetings and market outreach initiatives aimed at attracting leading retailers, manufacturers and trade associations to the show while deepening India-Vietnam trade ties.
A key meeting, facilitated by the Embassy of India in Hanoi, brought together representatives of IIJS Bharat and the Vietnam Gold Traders Association (VGTA). The discussions were attended by Dinh Nho Bang, President, VGTA; Mr. Vu Hung Son, Vice President and Secretary General, VGTA; and Pearl Goyal from the Embassy of India.
One of the major outcomes of the meeting was the proposal to bring an official VGTA delegation to IIJS Bharat. Leading Vietnamese jewellery companies, including Bao Tin Manh Hai and MHJ Jewelry Ltd, have already confirmed their participation.
The discussions highlighted Vietnam’s strong demand for gold and silver jewellery, with Indian silver jewellery enjoying particular preference among Vietnamese buyers. The Vietnamese delegation also expressed interest in India’s advanced diamond cutting and manufacturing capabilities, opening avenues for greater technical collaboration.
Another key development was the interest shown by Bao Tin Manh Hai, one of Vietnam’s leading gold jewellery retail chains. Owned by Mr. Vu Hung Son, who also serves as Vice President of VGTA, the company operates around 100 stores and plans to expand its network to 300 outlets. The company is exploring a joint venture opportunity in India, with further discussions expected during IIJS Bharat.
The meeting also explored opportunities for broader bilateral cooperation, including the possibility of an India Pavilion at Vietnam’s Gold Jewellery Exhibition scheduled for September next year.
Expanding its outreach beyond Vietnam’s major cities, the IIJS Bharat team visited Bac Ninh, home to the Vietnam Gemstone Association (VAG). Meetings with the association’s president and senior officials resulted in a proposal to bring a VAG delegation to IIJS Bharat, which received a positive response. The proposal has since been formally acknowledged by the association.
During the visit, GJEPC representatives also toured a leading gemstone manufacturing facility in the region and personally invited its owner to participate in IIJS Bharat.
The Vietnam campaign concluded with an extensive roadshow across Hanoi and Ho Chi Minh City, where retailers were invited to attend IIJS Bharat and experience India’s jewellery manufacturing capabilities, craftsmanship, product diversity and sourcing opportunities. The outreach reinforced IIJS Bharat’s position as a key global sourcing platform for international buyers seeking reliable partnerships with India’s gem and jewellery industry.
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