Wednesday, August 12, 2020
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Laboratory-Grown Diamond Firm Lumex sets up in DMCC

DMCCLaboratory-Grown Diamond Firm Lumex sets up in DMCC

DMCC has welcomed Lumex to the expanding community of laboratory-grown diamond businesses within the Free Zone. DMCC positioning Dubai as a global hub for both natural and lab-grown diamond trade. Lumex is the latest laboratory-grown diamond business to set its foot in Dubai to operate in this region. DMCC attracts, facilitates, and promotes diamond trade to and through Dubai. Ahmed Bin Sulayem, the CEO, DMCC, expressed his pleasure of adding up Lumex while supporting the industry through this challenging period.

DMCC Committed to Growing laboratory-grown Diamonds Sector in Dubai

In 2004, DMCC launched the Dubai Diamond Exchange (DDE). It welcomed over 1000 companies since its inception. In 2019, DMCC held the first-ever laboratory-grown diamond tender at the DDE with over 50,000 carats of laboratory-grown diamonds on offer. DMCC is ensuring disclosure, detection, and differentiation process while committing to growing laboratory-grown diamonds sector in Dubai. Furthermore, its providing full disclosure of laboratory-grown products and correct use of current approved nomenclature wherein Arabic is also available.  Currently, Emirate is among the top three natural diamond trading hubs in the world.

 

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