The symposium scrutinised drivers for LGDs
Maiden in-depth report from DMCC: the future of LGDs Dubai Multi Commodities Centre (DMCC) said, this publication serves as the first in-depth thought leadership report from Dubai Multi Commodities Centre (DMCC) on the Lab Grown Diamond (LGD) industry. It discusses how this nascent product will shape the Future of Trade, gathering insights from key industry leaders on the opportunities and challenges brought about by LGDs at all levels of the value chain. The lab-grown diamond sector has undergone remarkable growth over the past five years, reaching a global retail sales value of USD 12.24 billion in 2022. However, recent growth deceleration coupled with increased production has prompted reflection within the LGD industry about its future trajectory against this backdrop, mid-2023 marked a pivotal moment for stakeholders across the LGD value chain to convene and chart a concrete path forward. The inaugural LGD Symposium took place in Dubai, July 2023, hosted ...