Jewelry News - Domestic & International News: UAE Rough Diamond Trade Nears $5B in 2007

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Jewelry News - Domestic & International News: UAE Rough Diamond Trade Nears $5B in 2007 - Rapaport

UAE Rough Diamond Trade Nears $5B in 2007 - Rapaport

The United Arab Emirates (UAE) reported a surge in its rough diamond trade during 2007 as it benefited from the rise in rough prices. Total trade for the year (imports and exports) rose 23 percent to $4.8 billion, though the total volume of diamonds that went through the UAE fell 1 percent to 83.8 million carats, according to the Dubai Diamond Exchange (DDE.)

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