Why Dubai?

Dubai is the commercial trading hub into the middle east with increasing volumes being traded in gold and diamond commodities. With a population who’s GDP per head ranks as one of the highest in the world, it is a market not to be ignored. With a business friendly atmosphere the city aims to enhance the local Jewellery industry through implementation of international standards.

• A guaranteed 50-year tax holiday on personal and income taxes
• Purpose-built infrastructure available on a freehold or leasehold option
• A one stop shop facility for processing of all documentation including immigration, registration and licensing

Facts

• Dubai’s total diamond trade volumes for the first half of 2010 reached a record 131 million carats, up from 59 million carats traded in the first half of 2009. (Source: Dubai Customs Strategy and Corporate Excellence Department)
• The volume of gold traded through Dubai for the first six months of 2010 held steady at an overall value of US $21.17 billion, up 20% year on year reflecting the higher price of gold.(Source: Dubai Customer Strategy and Corporate Excellence Department,)
• Rough diamond exports stood at $1.67 billion, a 96% increase compared to the first half of 2009. (source DMCC, 24 Oct)
• Nearly 90% of gold purchased by consumers in the middle east is in the form of jewellery. (Commodity online)
• The UAE's gross domestic product (GDP) in real terms will grow 2.5% in 2010 (according to  a report released by Shuaa Capital
• Stronger growth for the Middle East with the number of high net worth individuals in the region expected to increase by 9% in 2010 (UBS)
• Countries in the Middle East, led by the United Arab Emirates (UAE), are major consumers of gold globally. Dubai, part of the UAE, is the largest importer and consumer of gold in the Gulf region (Commodity Online)
• Nearly 90% of gold purchased by consumers in Middle East is in the form of jewellery (World Gold Council)
• Custom duty as low as 5%

“We have been coming every year and I can honestly say this year has been busier for us. What we are finding both here and in the rest of the world is a shift towards value-based jewellery in the current climate.” Sushil Jain, Partner, Dialmaz

"We are very satisfied with the show, and despite the market condition, the response has been very good. We saw a good number of customers. In terms of business, we had good participation.” Arun Bhatnagar, Deputy General Manager, Rosy Blue

"This is our first country participation at Dubai International Jewellery Week and all participating companies had achieved their desired results doing business here in the Middle East. They hope to see more wholesale and retailers, interested in products from China. We look forward to a bigger and better China delegation for the show next year." David Jiang, Guangzhou Chuangxiang Exhibition Co. Ltd., Organiser of China Pavilion