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Friday, June 14, 2024

World’s First Lab-Grown Diamond Symposium to Be Held in Dubai


The Dubai Multi Commodity Center (DMCC) has announced that it will hold its first Lab-Grown Diamond (LGD) Symposium on 10 July 2023 in Dubai.

The symposium was seen as a timely, world-first opportunity to benchmark the unique challenges of this emerging technology-driven industry and remove barriers to growth.

DMCC will convene global leaders in laboratory cultivation and technology, including industry, retailers, financial institutions, government stakeholders, growers and manufacturers, to drive consensus and action for the long-term success of the industry.

Value-added achievements

In order to maximize value-added outcomes, the workshop is structured to stimulate dialogue around several core themes – namely financing and regulation, marketing, sustainability and reputation. Participants, not speakers, will determine the pace and agenda of the discussions, ultimately aimed at shaping the future of the industry.

Holding the Lab-Grown Diamond Symposium in Dubai recognizes the UAE’s status as one of the world’s leading trade hubs and its attractiveness for technologies such as lab-grown diamonds and physical commodities such as gemstones.

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said: “Since the introduction of cultured pearls in Japan in the 1930s, the UAE has recognized the potential, challenges and benefits of a disruptive industry. Lab-grown represents a new and unique industry, from jewelry to From radiators to semiconductors, it has its own opportunities. This workshop demonstrates that we are leading the way in driving key industry conversations, with lasting and positive results not only in Dubai but globally.”

In line with its mission to attract, promote and facilitate trade in Dubai, DMCC has established a comprehensive set of facilities and services to allow members and industry professionals to trade with confidence. Dubai’s geographical location puts it at the center of the world of goods and services. The lab-grown diamond symposium will further strengthen the UAE’s position as a global trade hub and world leader in the technology and gemstone industries. — trade arab news agency


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