Dubai aids transaction of one of the world’s largest diamonds

Dubai Multi Commodities Centre has facilitated the acquisition of the rights to one of the world’s largest and rarest rough diamonds.

In an announcement made on Sunday, DMCC and Swiss luxury jeweller de Grisogono revealed the transaction with the diamond’s owner Nemesis International.

The rough diamond, found in Angola, is one of the top 30 largest ever found at 404 carats. It is described as colourless, with flawless clarity.

“We are delighted to have been part of facilitating the access to one of the world’s largest and rarest diamonds by de GRISOGONO here at Almas – the world’s tallest diamond tower,” said DMCC executive chairman and Kimberley Process chairman Ahmed Bin Sulayem.

“Not only does this further cement Dubai’s role as a leading diamond trading hub globally, it also highlights how DMCC connects the industry and the producing and consuming countries along the Silk Road.”

Under the deal between de Grisogono and Nemesis, the 404-carat diamond will be cut and polished and used in a jewellery piece.

The jeweller will gain access to the best diamond sources in the world through Nemesis.

“This diamond marks one of the most important milestones in my career both as a jeweller and a designer. Words cannot express how grateful my team and I are to DMCC and Nemesis International for such a unique collaboration,” said de Grisogono founder and executive board member Fawaz Gruosi.

Earlier this month, de Grisogono opened a new flagship store in Dubai Mall in partnership with Ahmed Seddiqi & Sons.