UAE’s largest free-trade zone Dubai Multi Commodities Centre (DMCC) hosted the revealing of one of many world’s largest internally flawless fancy vivid pink diamonds, the ‘Williamson Pink Star’ on the Dubai Diamond Trade (DDE).

The 11.15 carat flawless pink diamond began its roadshow in Dubai and can journey to Singapore and Taipei, earlier than being supplied by Sotheby’s at a single-lot public sale in Hong Kong in October.

Anticipated to fetch over $21, the Williamson Pink Star diamond has the potential to set a brand new value per carat report given its unbelievable purity.

DMCC’s #Dubai Diamond Trade hosts unveiling of one of many world’s largest flawless pink diamondshttps://t.co/iw3tCK3UcS pic.twitter.com/owcQzlorI6

— Dubai Media Workplace (@DXBMediaOffice) September 5, 2022

Ahmed Bin Sulayem, govt chairman and CEO, DMCC, stated: “From asserting the UAE because the world’s largest tough diamond commerce hub to posting record-breaking diamond commerce figures for the primary half of the 12 months, 2022 has been a monumental 12 months for Dubai’s diamond story. Sotheby’s internet hosting the primary unveiling of such an distinctive pink diamond on the Dubai Diamond Trade is one more demonstration of Dubai’s vital position within the world diamond trade.”

Wenhao Yu, chairman of Jewelry and Watches at Sotheby’s Asia, added “The invention of a gem-quality pink diamond of any dimension is a particularly uncommon prevalence. Pushed by a restricted provide and rising demand, costs for top-quality giant pink diamonds over 5 carats have elevated exponentially over the previous decade, serendipitously setting the scene for the looks now of this one-of-a-kind stone.”

The Dubai Diamond Trade is the biggest diamond tender facility on this planet and residential to over 1,150 diamond corporations, offering members and trade professionals with state-of-the-art infrastructure, services, merchandise, and companies to develop and commerce with confidence.

Dubai sits on the crossroads of the worldwide diamond commerce, with direct flights to the main diamond hubs together with Surat and Mumbai in India, Israel, Angola, South Africa, and Belgium.

By DMCC’s continued work within the sector, Dubai has turn out to be a number one hub for the commerce of tough and polished diamonds. Within the first half of 2022, the UAE recorded $19.8bn in whole diamond commerce after a report 25 per cent year-on-year development.