Diamonds sparkle in Mideast
United Arab Emirates: Tuesday, November 20 - 2007 at 08:31
Sales of polished diamonds in the Middle East and India are rising at around 10-15% per annum according to the CEO of the Dubai Diamond Exchange Youri Steverlynck and cited by Gulf News. Saudi Arabia leads the way with an annual consumption of $1.3bn worth of gems, Turkey comes second with sales of $800m and Dubai isn't far behind at $600m. India's diamond market is also valued at $1.3bn.
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Jonathan Sheikh-Miller, Deputy EditorTuesday, November 20 - 2007 at 08:31 UAE local time (GMT+4)
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