Sheikh Hamdan & Dubai Diamond Tender Facility Visit
- Dubai’s Crown Prince Sheikh Hamdan bin Mohammed visited the Dubai multi Commodities Center (DMCC), including the Dubai Diamond Exchange (DDE), the world’s largest diamond tender facility.
- During the visit, Sheikh Hamdan was accompanied by Omar bin Sultan Al Olama, Minister of state for Artificial Intelligence, Digital Economy and remote Work Applications.He was welcomed by...
- The Crown Prince received briefings on trade practices for diamonds, lab-grown stones, and other gemstones at the Dubai Diamond Exchange tender floors.
Witness Sheikh Hamdan’s pivotal visit to the Dubai Diamond Exchange (DDE), highlighting the city’s significant role in the global diamond trade and economic diversification. This visit underscored the DMCC’s remarkable achievement: trading over 1 billion carats of diamonds within five years. The Crown Prince received firsthand updates on the latest advancements influencing Dubai’s position as a central hub for rough diamond trade and the expanding polished and lab-grown diamond sectors. Explore how DMCC’s Strategy 2033, focusing on key sectors, including the primary_keyword “diamond industry” and secondary_keyword “global trade” will shape the future. News Directory 3 observes how this visit endorses the UAE as a leader. Discover what’s next as Dubai continues to drive innovation.
Dubai Crown Prince Visits DMCC Diamond exchange Amid Trade Milestone
Updated June 3, 2025
Dubai’s Crown Prince Sheikh Hamdan bin Mohammed visited the Dubai multi Commodities Center (DMCC), including the Dubai Diamond Exchange (DDE), the world’s largest diamond tender facility. The visit coincided with the DMCC announcing it had traded over 1 billion carats of diamonds in the past five years, solidifying its position in the global diamond trade.
Hamdan bin Mohammed visits Dubai Multi Commodities Centre (DMCC), the leading international business district driving global trade through Dubai, and tours the Dubai Diamond Exchange (DDE), the world’s largest diamond tender facility. pic.twitter.com/M5WSBCBERJ
— Dubai Media Office (@DXBMediaOffice) June 2, 2025
During the visit, Sheikh Hamdan was accompanied by Omar bin Sultan Al Olama, Minister of state for Artificial Intelligence, Digital Economy and remote Work Applications.He was welcomed by Dr.Hamad Buamim, chairman of the Board of DMCC; Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC; and Feryal Ahmadi, DMCC’s Deputy CEO and COO.
The Crown Prince received briefings on trade practices for diamonds, lab-grown stones, and other gemstones at the Dubai Diamond Exchange tender floors. He also learned about DMCC’s diamond ecosystem, including the Gemological Institute of America (GIA) expansion into Uptown Dubai.
Sheikh Hamdan emphasized DMCC’s central role in driving global trade and investment to Dubai. He noted DMCC is building high-performance ecosystems that attract innovation and capital across priority sectors, in line with the Dubai economic Agenda D33.
He was also updated on regulatory and infrastructure advancements that have made the UAE a leading hub for rough diamond trade. The UAE’s growth in the polished and lab-grown diamond sector, combined with its role in the Kimberley Process, positions Dubai as a trusted centre for the diamond industry.
His Highness was also briefed on DMCC’s latest regulatory, policy, and infrastructure advancements that have positioned the UAE as the world’s leading hub for rough diamond trade. pic.twitter.com/B7BAl7WlWs
— Dubai Media Office (@DXBMediaOffice) June 2, 2025
DMCC also announced Strategy 2033, an aspiring plan to expand its specialized industry ecosystems. This strategy focuses on diamonds, gold, energy, AI, Web3, blockchain, and gaming, offering services like licensing, infrastructure, and access to capital.
DMCC’s success is attributed to the expansion of both traditional and emerging sectors.Over the past five years, the precious stones ecosystem has grown considerably, along with precious metals and energy. Newer technology ecosystems have also accelerated, reflecting Dubai’s rise as a global innovation center. DMCC now accounts for 15% of Dubai’s foreign direct investment and 7% of its GDP.
Dr. Hamad Buamim said the visit was a powerful endorsement of DMCC’s role in positioning the UAE as a global leader in diamond trade and advancing Dubai’s position across future-focused industries.
Ahmed Bin sulayem added that DMCC is shaping the future of trade from Dubai,building connected ecosystems for global businesses to thrive in sectors like precious stones,energy,AI,Web3,and blockchain.
Feryal Ahmadi noted that DMCC is building the next generation of global commerce, supporting innovation and delivering long-term value through its Strategy 2033.
What’s next
DMCC aims to surpass 26,000 member companies by year-end, continuing to drive Dubai’s economic growth and solidify its status as a leading hub for international trade and the global diamond industry.