DMCC’s Dubai Diamond Exchange Hosts Tender Featuring An Astonishing 1086.10 Carat Diamond

Press release

Published February 7th, 2022 - 12:39 GMT

DMCC’s Dubai Diamond Exchange Hosts Tender Featuring An Astonishing 1086.10 Carat Diamond

During the event

Highlights

DMCC has announced that its Dubai Diamond Exchange (DDE) has hosted a tender this week featuring an astonishing 1086.10 carat gem quality diamond.

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced that its Dubai Diamond Exchange (DDE) has hosted a tender this week featuring an astonishing 1086.10 carat gem quality diamond.

The tender was managed by Koin International and took place ahead of the Dubai Diamond Conference (21 February 2022), which will bring together leaders from across the global industry to discuss the future of diamonds.

Sourced from Southern Africa, this was the largest ever gem quality rough diamond to be hosted by and sold at the DDE. Given its size, there has been a surge in global interest in the stone, with diamond experts flying in from across the world to view it ahead of its sale this week. The DDE has already hosted six major tenders this year, reaching over USD 300 million worth of rough diamonds traded.

Background Information

Dubai Multi Commodities Centre Authority

DMCC is a government entity established in 2002 to enhance commodity trade flows through Dubai. We perform a range of roles which continue to position Dubai as the preferred destination for global commodities trade and DMCC as the world’s No.1 Free Zone.