DMCC announces $38.3 billion in 2023 diamond trade

Despite a global 20 per cent drop in rough diamond prices, the UAE’s rough diamond trade only decreased by 13 per cent year-on-year in 2023, maintaining robust volumes, DMCC reported. A total of $21.3 billion of rough diamonds were traded in the UAE in 2023. Historically focused on rough diamonds, Dubai’s diamond industry now sees polished diamonds contributing 44 per cent to the total trade value. The Gemological Institute of America’s new laboratory in Dubai, opened in February 2024, is expected to boost the sector further. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said. “Our appeal to…

Diamond Heels salvage final game of weekend series

For the first time all season, the UNC baseball team lost a series. 15th-ranked North Carolina came into its weekend series 17-2, with its only two losses to a ranked East Carolina squad. The Diamond Heels were blowing out opponents, with 22 runs between midweek games against Rutgers. UNC traveled down to Miami (FL), one of college baseball’s elite programs with four College World Series titles. The Hurricanes are having an uncharacteristically slow start to the season, with an 11-8 record through 19 games. Pin a hot North Carolina team against a struggling Miami squad – what do you think…