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UAE jewellery consumer demand rises

posted on 25/10/2013: 3675 views



UAE jewellery consumer demand rises

UAE residents and tourists spent a total of Dh10.2 billion gold and jewellery in 2012, while the final quarter of the year saw a 6 per cent increase in jewellery spending, up from Dh1.4 billion to Dh1.5 billion, according to Dubai Customs.

Dubai International Jewellery Week, the Middle East's most influential jewellery event, is set to shine once again at Dubai World Trade Centre from 4 to 7 December 2013, meeting the unrepentant consumer demand for fine jewellery, precious stones, diamonds, pearls and watches.

With the UAE economy forecast to grow by 3.3 per cent 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.

The four-day show will welcome 120 new exhibitors from Australia, Indonesia, Kuwait, Portugal, and more, attracting leading international brands, regional manufacturers and distributors, retailers, jewellery designers and buyers who wish to source the best quality jewellery at the best prices.

Dubai International Jewellery Week is one of the most glitzy social and jewellery shopping events in the Dubai calendar, bringing never before seen pieces to the Middle East.

Trixie LohMirmand, Senior Vice President, Dubai World Trade Centre, the organisers of Dubai International Jewellery Week, said: "Visitors this year will have the opportunity to buy some of the most beautiful, creative jewellery designs from around the world at affordable prices. Dubai is one of the top shopping destinations in the world and today accounts for approximately 25% of global physical gold trade.”

"Dubai International Jewellery Week underlines the significance of the jewellery industry in the region and allows consumers to support local and regional talent while also discovering stunning one-of-a-kind design pieces and the latest trends from around the world.”

Jewellers who have signed up for the exhibition include UAE companies such as Dhamani Jewels, Mahallati Jewellery, Al Masaood Jewellery and Renee Jewellers. Visitors can also look forward to a wide range of international representation such as Monique Creations Inc. from New York, Taka Jewellery from Singapore, Yessayan Jewellery from Beirut and new this year, Temptations from Hong Kong.

"Taking part in Dubai International Jewellery Week is vital for anyone in the jewellery industry,” said Cihan Akdere, Marketing Manager at Renee Jewellers. "This year, our customers can expect a full collection of one-of-a-kind, fabulous diamond and gemstones. Nature has been a source of inspiration for us, bringing together the best of art and craftsmanship and blending that with our artistic ingenuity. Not only will we showcase our new jewellery designs, but they will also be embellished with Renee's new identity.”

Running alongside the event is the 5th Jewellery Design Awards, attracting amateur and professional designers from across the world, each competing to be rewarded for excellence in jewellery design, innovation and creativity.

The awards consists of 9 categories with Emerging Designer categories including Arabic Influenced Jewellery Design, Asian Influenced Jewellery Design and Emirati Jewellery Designer of the Year, open to local aspiring UAE national designers. Among the highlights of the Professional Designers categories are the Bridal Jewellery Set Design and Objet D'Art Award. New at Dubai International Jewellery Week is the Futuristic Jewellery Award and CAD/CAM Technology Award to acknowledge the best use of creativity and technological know-how.

Winners of the Jewellery Design Awards walk away with a trophy and prizes awarded by GIA Middle East, the world's foremost authority in gemology. A prototype of the winning pieces will be manufactured for display by the National Institute of Vocational Education.

GIA Middle East will additionally be conducting daily seminars at Dubai International Jewellery Week. Leaving no stone unturned, visitors will learn all there is to know about diamonds and jewellery, from making the perfect purchase to taking proper care of their favourite jewels.

The popular Hosted Buyer Programme also returns, providing top-level buyers, from KSA, Kuwait, Qatar, Russia and Turkey among others, an opportunity to meet with the exhibitors of their choice for focused one-to-one appointments, while raffles and prize draws will up for grabs throughout the four days. – The Gulf Today



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