Dubai will next week host the first public offering of laboratory - grown or CVD diamonds on the Dubai Diamond Exchange ( DDE ) . The DDE is currently the only platform in the diamond East where diamonds and coloured stones can be traded . The market is being dominated by diamond trader diamond 's Auction World , a Hong Kong - based company . " This is a major milestone and testament to both the growing prominence of lab - grown diamonds and their wider market appeal , " CEO Rushabn Mehta said . these lab - grown diamonds were selling at $ 4200 per carat last May. Since September 2018 the price of CVD diamonds has dropped to $ 800 per carat .
Dubai will next week host the first public offering of laboratory-grown or CVD diamonds on the Dubai Diamond Exchange (DDE). The DDE is currently the only platform in the Middle East where diamonds and coloured stones can be traded. The sale is being held by diamond trader Tony's Auction World, a Hong Kong-based company. "This is a major milestone and testament to both the growing prominence of lab-grown diamonds and their increasing market appeal," CEO Rushabn Mehta said. DeBeers lab-grown diamonds were selling at $4200 per carat last May. Since September 2018 the price of CVD diamonds has dropped to $800 per carat.