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Dubai diamonds market

With the number of high networth individuals worth $30 million and more in Dubai expected to increase by 53 per cent in the next 10 years, the luxury retail markets, including the one for diamonds, will continue to grow, said an expert.

Arnaud Flambeau, of Flambeau Luxury Trading Dubai Multi Commodities Centre (DMCC) was speaking at a key discussion the changing luxury retail landscape, and the benefits and challenges of competing on a global scale for international highend consumers at the recently concluded Dubai Diamond Conference 2013, a DMCC and Dubai Diamond Exchange (DDE) initiative.

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