Dubai Jewellery, Dubai
The City of Gold
Dubai – City of Gold
The city of Dubai has become popular for the superiority
of the gold that can be found there. The marvellous
metal has been one of the emirate’s earliest
objects of trade. Clearly the gold trading hub
of the Middle East and India region today, Dubai
started out as a historical focal point on the
international gold trading routes. Ever since,
the emirate has been building up to its present
image, earning popularity for its quality products
and for the shrewdness in its re-export activity
to regional markets. It is one of the biggest
physical re-distributors of gold, and the fastest
developing gold centre in the world. Every year
Dubai imports on an average three hundred tons
of gold.
Harbouring traditional charm, the Dubai
Gold Souk remains the most energetic
gold retail marketplace. Owing to the emirate’s
free trade policy with virtually no taxes, gold
jewellery from the main producing centres is offered
at competitive prices lower than retailers’
prices in these centres. The principal attitude
expressed at the Dubai Gold Souk is one of low
profit margins and high volumes. The result is
the least expensive gold jewellery one can reasonably
wish for. Outstanding quality and seemingly endless
variety is on display on all sides, making for
an amazing exhibit of gold that can only be witnessed
here. Approximately 10 tons of gold is constantly
present at the souk. It is available in every
possible shape and design, from rings and necklaces
to bracelets to simple gold bars. More than a
couple of hundred shops and over a hundred wholesale
stores are all located within a walkabout of some
fifteen minutes.
The new addition of the Gold and
Diamond Park was created to expand the gold and
diamond market scene. The site accommodates prominent
regional and international jewellery makers and
traders. The jewellery is hallmarked as a sign
of originality and indisputable quality. All facilities
are set to make it a key global-scale location
for the gold and diamond jewellery-making industry.
Together, the Gold and Diamond Park and the traditional
Gold Souk pledge a truly “golden”
future for the City of Gold. Indeed, basing its
image upon the ardour for gold, Dubai has played
an especially strong card.
Dubai Gold, Gold Rate in Dubai, Price of Gold
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