Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Jewellery show thronged  Join our daily free Newsletter

MENAFN - Khaleej Times - 08/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Traders and buyers have taken Dubai International Jewellery Week by storm as exhibitors see a significant rise in cash deals and international orders as consumer confidence returned to the market.

With billions worth of jewellery on display at the Dubai World Trade Centre, or DWTC, visitors have turned up in the thousands to get their hands on some of the best jewellery products in the industry at the four-day event, which concluded on Saturday.

With the UAE economy forecast to grow by 5.5 per cent annually according to the Institute of International Finance, Dubai's momentum in the retail and consumer market is also set to increase. Buyers also thronged the jewellery show in the wake of declining gold rates, which approached 1,200 an ounce in the international market.

Rohit Dhamani, owner of Dhamani Jewels, said the regional jewellery industry is set to see a boost. Dhamani Jewels, which is showcasing a Dh40 million ring and a new diamond-studded watch collection, concluded Dh500,000 worth of sales on the first day of the exhibition, exceeding last year's figures.

"The ring has attracted significant attention and we have received serious interest from two buyers who are looking to purchase it. I am confident it will be sold by the end of the show. It is the biggest one we have so we are in no rush to sell it," he said.

"We want to give it to the right buyer at the right price. The response from visitors has been overwhelming but we have definitely noticed a difference in the type of clients our products are attracting. Big buyers from all over the world are purchasing our jewellery, which is what we have always strived for, so we couldn't be happier," he added.

Over 360 exhibitors from more than 30 countries showcased their exclusive jewellery collections, precious gemstones and cutting-edge designs at the Middle East's most prestigious and influential jewellery event of its kind.

With 44 different product types, hundreds of bespoke luxury pieces and some never-before-seen pieces on display at the exhibition, the four-day extravaganza offered the perfect opportunity for jewellery enthusiasts, collectors, designers, retailers and wholesalers from around the world to come together and share their passion for the industry.


"We have attended Dubai International Jewellery Week since it began and we have become more successful year after year," Dhamani said.

Prince David, manager of Oyster Bay Gems, who has returned to the show this year, is also thrilled with the number of visitors attending the exhibition.

With a single South Sea pearl costing over 6,000 a piece, David has noticed a shift in direction in the market.

"Business has picked up tremendously this year. We have already placed several orders worth thousands of dirhams and the traders we are attracting are from across the globe. Our company has established tight relationships with buyers from Sri Lanka, Turkey, Azerbaijan and many other countries, which is great for any business," David said.

Victor Moiseikin, who launched his "Horn of Plenty" luxurious mechanical clock, is exhibiting for the first time at Dubai International Jewellery Week.

"People are coming to my stand and they are surprised with my products. My jewellery is more than just a material piece, it is an emotion. I can offer the customer something different, my heart and soul has gone into my designs and I think people in the Middle East appreciate this. New clients have already placed orders for some of my products and local customers have also asked me to create new designs for them," the Russian owner said.

The exhibitors have showcased their latest collections last week in the hope of strengthening their connections with the Middle East and International buyers.

During the show, visitors were able to purchase both affordable and luxurious jewellery to suit every budget.

Trixie Loh Mirmand, senior vice-president of the DWTC, the organiser of Dubai International Jewellery Week, said: "We are delighted with the number of visitors that have attended the show this year. The event underlines the significance of the jewellery industry in the Middle East and the exhibition provides a perfect platform for international brands, regional manufacturers and distributors, retailers, jewellery designers and buyers to come together."

 


Khaleej Times




  MENA News Headlines
 Oct 1 2016 - Saudi economic growth hits slowest rate in Q2MENAFN
(MENAFN) Government data showed that Saudi Arabia's economy grew at its slowest rate in more than three years between April and June.Also, growth has been weakening since early 2015 as cheap oil ...

 Oct 1 2016 - New regional deadline in Gulf States by 2021MENAFN
(MENAFN) UAE's Minister of Infrastructure confirmed that the six Gulf countries have agreed in principle to push back the completion date of a 2,100 kilometer transnational rail network stretching ...

 Oct 1 2016 - GCC mobile transactions higher by 4% in H1 of 2016MENAFN
(MENAFN) A new study showed that the shares of mobile transactions in the GCC at 43% in higher than the global average by 4%.Also the report has provided insights into consumer shopping habits and ...

 Oct 1 2016 - UAE- Mercedes' rivals contest F1 ChampionshipKhaleej Times
(MENAFN - Khaleej Times) The Petronas Malaysia Grand Prix takes place at the Sepang Circuit, Kuala Lumpur, on October 2. Responsive interactive graphic shows animated circuit map, with details ...

 Oct 1 2016 - UAE- Wrightbus International signs partnership with Al Habtoor MotorsKhaleej Times
(MENAFN - Khaleej Times) Al Habtoor Motors will become the official distributor for Wrightbus International's products in the United Arab Emirates. Wrightbus International has signed a strategic ...

 Oct 1 2016 - UAE- Free parking in Sharjah for Hijri New Year holidayKhaleej Times
(MENAFN - Khaleej Times) Sharjah Municipality has announced free pre-paid parking across the emirate on the occasion of the Hijri New Year holiday, which falls on Sunday. Attif Al Zarooni, ...

 Oct 1 2016 - UAE- Sharjah International Narrator Forum closes with great successKhaleej Times
(MENAFN - Khaleej Times) The three-day event of the 16th edition of the Sharjah International Narrators Forum (SINF), organised by Sharjah Institute for Heritage (SIH), has concluded with the ...

 Oct 1 2016 - UAE- PHOTOS: Fire guts Sharjah apartmentKhaleej Times
(MENAFN - Khaleej Times) Afire gutted an apartmentin a building at Al Wanda Streeton Thursdaynight. According to Lt. Col Sami Al Naqbi, the fire started at11 pmin apartment no 802 of Al Tawoon ...

 Oct 1 2016 - UAE- New Zealand bowlers put India on backfootKhaleej Times
(MENAFN - Khaleej Times) Former captain Ross Taylor leads the side at Eden Gardens instead. New Zealand bowlers put India on the backfoot despite fighting half-centuries from Cheteshwar ...

 Oct 1 2016 - UAE- KT Poll: Pakistan's Yasir Shah, not Ashwin, is world's best spinnerKhaleej Times
(MENAFN - Khaleej Times) Yasir Shah got 68 percent of the votes Yes, we now have got the complete result. And we are delighted to announce that Khaleej Times readers have picked Pakistan's Yasir ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help