DMCC has launched the DMCC Luxury Innovation Center, a unique platform set to reshape the global luxury landscape by placing transparency, technology and sustainability at the heart of luxury product innovation.
Delivered in partnership with ORIGINALLUXURY, the global research and insights hub focused on the future of the luxury sector, the DMCC Luxury Innovation Center is located on the 48th floor of Almas Tower, home to the Dubai Diamond Exchange and one of the most concentrated clusters of precious metals and stones firms in the world.
The DMCC Luxury Innovation Center offers a comprehensive suite of facilities for luxury brands, technology companies and supply chain stakeholders to collaborate on new solutions in transparency, sustainable sourcing and digital integration.
“With the global luxury market expected to surpass $400 billion by 2030, and consumers increasingly scrutinizing how products are sourced and authenticated, the DMCC Luxury Innovation Center will drive new standards of creativity and credibility for the industry while supporting Dubai’s status as a global hub in the lux-tech space.”
Created to accelerate innovation across the luxury value chain, the DMCC Luxury Innovation Center will drive next-generation applications in jewelry design, cutting and polishing, supply chain digitization, tokenization and sustainability-led product development. From physical authentication tools to blockchain-powered provenance systems, members will benefit from an agile and forward-looking environment supported by state-of-the-art infrastructure, licensing solutions and global connectivity offered by DMCC.
Membership of the Center is open to companies from across the world and not limited to existing DMCC license holders. With an agile development approach, the Center will scale its services and programming in response to member demand, regulatory developments and technological advancement. It will also act as a convening platform, hosting workshops, high-level networking and education programmes that promote sustainable and credible growth in the industry.
Margot Stuart, Co-founder, ORIGINALLUXURY, said that, “Luxury remains rooted in desirability, but its future lies in responsibility. This Center is designed to help brands navigate that transformation. Through our partnership with DMCC, we are bringing together technology, creativity and governance to enable a new generation of luxury that is responsible, intelligent and connected. Dubai offers the global reach and regulatory confidence this sector needs, and we are proud to support this vision.”
