Dubai To Host First Ever LGD Symposium in July

DMCC will host the inaugural Lab-Grown Diamond (LGD) Symposium in Dubai. Set to take place on 10th July 2023, the symposium is seen as a timely and world-first opportunity to benchmark this nascent technology-driven industry’s unique challenges and remove barriers to growth.

DMCC will convene global leaders in the lab-grown and technology space, including industry, retailers, financial institutions, governmental stakeholders, growers and manufacturers in a bid to drive consensus and actions for the long-term success of the sector.

In order to maximise value-add outcomes, the symposium will be structured to stimulate conversations around several core themes – namely Financing & Regulation, Marketing, Sustainability and Reputation. Participants, rather than speakers, will set the pace and agenda of discussions which will ultimately aim to shape the future of industry.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “Since the arrival of farmed pearls from Japan in the 1930s, the UAE has recognised the potency, challenges and benefits of disruptive industries. Lab-grown represents a completely new and unique industry with its own set of opportunities, from jewellery to heat sinks and semiconductors. This symposium shows we are ahead of the curve in driving crucial industry conversation for lasting and positive outcomes not just in Dubai but at the global level.”

DMCC believes that the Lab-Grown Diamond Symposium will further contribute to the UAE’s position as a global trade hub and a world-leader within the technology and precious stones industry.