Top Diamond Trading Companies in UAE – Verified DMCC-Registered Diamond Dealers & Suppliers

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PROFILE OF Diamonds Trading

FAQS

How do I find a reliable diamond trading company in UAE?

The most reliable diamond trading companies in UAE hold a DMCC or DED trading licence and can provide Kimberley Process certification for rough diamonds.

  • Verify the company's trade licence number with DMCC or DED
  • Request Kimberley Process certificates for rough stones
  • Check for GIA or equivalent grading certificates on polished diamonds
  • Visit their showroom in Dubai's Gold & Diamond Park or DMCC's Almas Tower if possible

Is diamond trading in UAE subject to import duty?

No, UAE applies zero import duty on rough and polished diamonds, making it one of the most cost-competitive diamond trading hubs globally.

  • Diamonds are exempt from the standard customs duty applied to most goods
  • DMCC free zone companies also benefit from corporate tax incentives
  • VAT may still apply depending on the transaction type and buyer location

What is the Kimberley Process and why does it matter?

The Kimberley Process Certification Scheme is an international system that certifies rough diamonds as conflict-free before they can be legally imported or exported.

  • UAE is a full member and requires certification for all rough diamond shipments
  • Certificates must accompany shipments through Federal Customs Authority checkpoints
  • Buyers should always request a copy of the Kimberley Process certificate before purchase

How do wholesale diamond prices in UAE compare to other markets?

Wholesale diamond prices in UAE are generally competitive with or lower than markets like Antwerp or Mumbai due to zero import duty and high trading volumes.

  • Prices vary by carat, cut, colour, and clarity grade
  • Bulk buyers often negotiate better rates directly with DMCC-licensed dealers
  • Currency stability of the AED simplifies international pricing

Where is the main diamond trading hub located in Dubai?

The Dubai Diamond Exchange, located within the DMCC free zone in Jumeirah Lakes Towers, is the city's primary diamond trading hub.

  • Almas Tower houses many major diamond trading offices
  • Deira's Gold & Diamond Park serves the retail and smaller wholesale segment
  • Both locations offer secure vaults and dedicated customs facilities for precious stones

What licence do I need to start a diamond trading business in UAE?

Most diamond traders register either as a DMCC free zone company or through the Department of Economic Development (DED) for a mainland trading licence.

  • DMCC licensing offers 100% foreign ownership and access to the Dubai Diamond Exchange
  • DED mainland licences suit companies wanting to trade directly within the local UAE market
  • Both routes require Kimberley Process registration for rough diamond handling

Can I buy loose diamonds directly from UAE wholesalers as an individual?

Yes, many UAE diamond wholesalers sell loose diamonds to individual buyers, though minimum order quantities may apply for bulk parcels.

  • Retail-facing dealers in Gold & Diamond Park typically sell single stones
  • Wholesale-only DMCC traders may require business registration or bulk purchase
  • Always request grading certification (GIA, IGI, or equivalent) before buying

How do UAE diamond traders verify diamond authenticity and quality?

UAE diamond traders rely on internationally recognised grading certificates from labs such as GIA, IGI, or HRD alongside in-house testing equipment.

  • Diamond and Precious Gemstones Testing Laboratories operate within Dubai to verify authenticity
  • Certificates detail the 4Cs: carat, cut, colour, and clarity
  • Reputable dealers provide certificates with every polished stone sold

What documents are needed to export diamonds from UAE?

Exporting diamonds from UAE requires a Kimberley Process certificate for rough stones, a commercial invoice, and Federal Customs Authority export clearance.

  • Rough diamonds must have Kimberley Process documentation matching the shipment
  • Polished diamonds require standard export invoices and packing lists
  • DMCC-licensed companies can access streamlined customs processing for precious stones

How many diamond trading companies are listed on DCCIInfo for UAE?

DCCIInfo currently lists 108 verified diamond trading companies across UAE, including dealers in Dubai, Abu Dhabi, and other emirates.

  • Listings include direct phone numbers, addresses, and website links
  • Companies span rough diamond importers, polished wholesalers, and jewellery trading houses
  • All listings are periodically updated to maintain accuracy
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