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International Jewellery Dubai moving to new venue in 2002

United Arab Emirates: Tuesday, October 23 - 2001 @ 12:24

As organisers gear up for another successful event they say that the new venue will provide the exhibition with a new look and enable participating exhibitors to explore new opportunities while defining their presence at the show.

International interest in the exhibition continues to grow each year and the 2002 event is attracting exhibitors from a variety of countries including Belgium, Saudi Arabia, Hong Kong, France, Lebanon, Turkey, Germany and Italy. In addition, numerous UAE jewellers from Dubai, Abu Dhabi and Sharjah have already confirmed their participation.

Recent media reports claim that retail gold jewellery sales in Dubai will cross the US $1 billion mark by the end of 2001, evidence of the high demand for gold in the region. According to industry sources, the prices of jewellery in Dubai are highly competitive, 73 per cent less than European markets and 25 per cent less than neighbouring Gulf markets.

The World Gold Council reported that gold demand at the end of the second quarter of 2001 was up 15 per cent in the UAE over 2000 figures, with demand reaching 60.1 tonnes at the end of the second quarter in 2001. Kuwait, Bahrain and Oman had similar trends, with demand up 8 percent in Kuwait, up 5 per cent in Oman and up 2 per cent in Bahrain for the same periods. The World Gold Council attributed the healthy growth in the UAE to the economic impact of high oil prices and continuing promotions.

“International Jewellery Dubai is a key event that helps contribute to the healthy growth of gold demand in the region. As a first-class exhibition that draws trade professionals from throughout the region, it offers an ideal opportunity for manufacturers, distributors and retailers to showcase their new lines and increase their links in the market,” said Moaz Barakat, Regional Director, Middle East with the World Gold Council.

In 2001, International Jewellery Dubai attracted 222 exhibitors representing 27 different countries which attracted the participation of 4,167 trade visitors of which 72 per cent were from the Middle East region. A total of 15,872 people visited the show in 2001, including thousands of wealthy private buyers.

Jewellers from throughout the Middle East, Southeast Asia and Europe participate in the exhibition and showcase a range of products. The items on display cover the entire spectrum of the international jewellery trade, including cut and uncut precious gems, gold, platinum and silver jewellery, pearls, antique jewellery, costume jewellery, good quality watches and clocks and silverware. In addition packaging and display material as well as manufacturing tools and machinery will be on display.

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Tuesday, October 23- 2001 @ 12:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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