The total value of Dubai’s i diamond trade, including rough and polished diamonds, rose 12 per cent to US $39 billion in 2011, the Dubai Multi Commodities Centre (DMCC) reported. The group did not provide separate import and export data for the year but stated that approximately 225 million carats of diamonds were traded in the Dubai Diamond Exchange during the year.
According to the Kimberley Process, rough diamond exports to the United Arab Emirates (UAE) grew 66 per cent to US $5.87 billion in 2011, while rough imports jumped 80 per cent to US $3.7 billion volume, rough exports rose one percent to 47.214million 1 carats while rough imports grew 20 per cent to 52.083 million carats.