Dubai has emerged as one of the most prominent global diamond trading hubs, with trade in the precious stones closing in on rival centres such as Mumbai and Antwerp.
Dubai traded a record US$39 billion (Dh143.25bn) in diamonds in 2011, putting it in third place worldwide.
In the same year Antwerp, which was at the forefront of the global diamond trade for centuries until it was recently usurped by Mumbai, traded about $50bn worth of diamonds, while close to $60bn worth of stones passed through Mumbai.
Read more: http://www.thenational.ae/thenationalconversation/industry-insights/economics/diamonds-become-strong-suit-for-dubai#ixzz2Ns1p2mwt
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