Published on 09/23/2024

Dubai to Host Record-Breaking Diamond Auction

50,000 Carats Up for Grabs at DMCC Event

Dubai's DMCC and Rapaport Diamond Corporation are set to host the largest polished diamond auction in Dubai's history. More than 50,000 carats across 3,200+ lots will be up for sale, making this a milestone event.

Largest Auction to Date

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The auction will feature 2,800 single stones and 415 melee lots, offering international buyers a prime opportunity to secure diamonds at competitive prices.

Martin Rapaport, Chairman of Rapaport Group, emphasized Dubai’s growing influence in the diamond trade: "Dubai is becoming a key hub for polished diamonds, and we are thrilled to offer this exceptional auction."

Dubai’s Diamond Trading Hub

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Ahmed Bin Sulayem, Executive Chairman of DMCC, shared: "This auction marks another step toward solidifying Dubai as the global diamond capital."

The auction runs from September 22-25 at Almas Tower, with bidding closing on October 1. Registration is open to trade members online.


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