A diamond about the size of a cricket ball featured in the tender hosted by DMCC’s Dubai Diamond Exchange (DDE) this week. The tender featuring the astonishing 1086.10-carat gem quality diamond was managed by Koin International and took place ahead of the Dubai Diamond Conference (21st February 2022), which will bring together leaders from across the global industry to discuss the future of diamonds.

Sourced from Southern Africa, this was the largest ever gem-quality rough diamond to be hosted by and sold at the DDE. Given its size, there has been a surge in global interest in the stone, with diamond experts flying in from across the world to view it ahead of its sale this week. The DDE has already hosted six major tenders this year, reaching over $300 million-worth of rough diamonds traded.

(From left): Martin Leake, Special Advisor – Precious Stones, DMCC; the 1086.10-carat diamond held by Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, and Chairman, Dubai Diamond Exchange; and Jacob Gill, Rough Manager, Koin International.