Dubai International Jewellery week shines bright as UAE consumer demand for Gold, Diamond rises

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03-Nov-2013

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Dubai International Jewellery Week is set to shine once again at Dubai World Trade Centre from 4th – 7th December 2013, meeting the unrepentant consumer demand for fine jewellery, precious stones, diamonds, pearls and watches. UAE residents and tourists spent a total of AED10.2 billion on gold and jewellery in 2012, while the final quarter of the year saw a 6% increase in jewellery spending, up from AED1.4 billion to AED1.5 billion, according to Dubai Customs. With the UAE economy forecast to grow by 3.3% in 2013, and the GCC economy to reach a record high of US$1.46 trillion, consumer spending should remain strong, which bodes well for the 350 exhibitors from more than 25 countries who have signed up to participate in the sold-out show this year.

 

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