Diamond industry leaders in Dubai tackle price drops and competition from lab-grown diamonds.

Leaders in the diamond industry met at the Dubai Diamond Conference during Dubai Diamond Week to address challenges like price drops, weak demand, lab-grown diamond competition, and changing consumer preferences. They discussed strategies for collaboration and sustainability, with a focus on using technology and embedding ESG principles. The UAE, the world's largest diamond trading hub, expects to reach $40 billion in diamond trade in 2024.

November 11, 2024
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