"Because we have no taxes, easy imports procedures and a huge turnover, we can sell Italian gold cheaper than they do in Italy, and Indian buyers come here for their Indian made wedding jewellery"
- Tawhid Abdullah, Chairman, Dubai Gold and Jewellery Group (DGJG)

• Dubai gold imports were worth $14.75 billion in 2006 and are expected to double in the coming years with retail trade reaching around $3 billion
• Gold trade through Dubai reached $5.23 billion in the third quarter of 2007, an increase of 55% compared to the same period in 2006
• City of shopping – An incredible place for shopping that attracts tens of millions of visitors annually to its ultra-modern shopping malls
• Customs duties are low at 4% with many exemptions
• The jewellery market of the UAE is worth $6.13 billion the second biggest in the region after Saudi Arabia
• The region is one of the largest marketing arms in the world for luxury jewellery and timepieces, estimated to be worth nearly $10 billion dollars by 2010
• The UAE will soon become the top export market for Italian jewellers, replacing the US, reported Reuters
• Maurizio Castro, Director General of Vicenza Fair, said that "maybe in 2008 and certainly in 2009 the Emirates will become the main export market for Italian jewellery"
• "10 per cent of its GDP in 2007 was derived from combined gold and jewellery revenues," said H.E. Mohammed bin Abdulaziz Alshihhi, Undersecretary - Planning Sector, UAE Ministry of Economy
• In 2007, Dubai's rough diamond trade saw a 29% increase from 2006 to reach $4.82 billion, with trade in polished diamonds rising a massive 88% to hit $6.41 billion
• Dubai Pearl Exchange (DPE) – establishment of the DPE is to revive the UAE's historical status as a leading destination for pearl diving and trading
• The United Arab Emirates accounts for 14% of the world's jewellery sales
• According to the World Wealth Report published by Merrill Lynch, there are 68,100 millionaires residing in the Emirates today
• Dubai is synonymous with high quality and affluence and according to the Wage Index it now outranks Hong Kong, Moscow and Rome for highest gross pay per individual
• Tourists account for 46% of all jewellery sales within the UAE
• Leading international and regional association support:
  • Dubai Gold and Jewellery Group
  • International Diamond Laboratories
  • Dubai Diamond Exchange
  • World Gold Council

Source: 1000 Numbers & Reasons Why Dubai, Dubai eGovernment, Dubai Economic Lands, DTCM, and Dubai Chamber of Commerce.