When you think of UAE cities, you think of luxury, grandeur, and transformation. Dubai has always been a hotspot destination for diamond jewelers, and diamonds were no exception. In 2021, The United Arab Emirates (UAE) overtook Belgium as the top trading hub for rough diamonds. The last few years have also seen the value of rough and polished diamonds in the UAE increase by 36%. It has reached around $11 billion (AED 40.4 billion) in the first three months of 2022. It is also one of the largest growing markets in the world, with an exponential growth rate in the coming years.