Hosted Buyers Programme at Dubai
International Jewellery Week lays the red carpet for top level buyers as
regional demand for gold jewellery grows 25 per cent
An international delegation
of more than 100 VIP buyers will descend upon next month’s Dubai International
Jewellery Week as double digit year-on-year growth of consumer demand for gold
jewellery reinforces increasing global popularity of luxury goods.
According to the World Gold
Council’s Gold Demand Trends report,
published this month (November 2013), consumer demand for gold jewellery worldwide
grew by 20 per cent for the year ending September 2013, reaching 3,757 tonnes and
valued at US $ 183.9 billion.
During the same time period,
the report said regional consumer demand for gold jewellery has grown by 25 per
cent, reaching 225.8 tonnes and valued at US $ 10.9 billion, with the UAE and
Saudi Arabia featuring prominently.
In the UAE, gold jewellery
demand has grown by 23 per cent, reaching 73.1 tonnes worth US $ 3.5 billion,
while neighbouring Saudi saw 71.7 tonnes of consumer gold jewellery demand
worth US $ 3.4 billion - up 13 per cent year-on-year.
The global and regional
upswing of consumer gold jewellery demand is also reflected in the expected
turnout of registered Hosted Buyers at the Dubai International Jewellery Week,
which takes place from 4 to 7 December at Dubai World Trade Centre (DWTC).
Dedicated top-level buyers from
Albania, Bahrain, Kuwait, Macedonia, Russia, Saudi Arabia, Turkey and Ukraine, will
look to purchase the latest rough stones, precious gems and metals and finished
fine jewellery from more than 360 exhibitors taking part in the four-day
consumer and trade event.
Trixie LohMirmand, Senior
Vice President, DWTC, which organises Dubai International Jewellery Week, said:
“Lower gold prices and growing consumer confidence has resulted in a
significant increase of consumer demand for gold and jewellery, both regionally
and globally. Gold and jewellery is a major contributor to the Middle East’s luxury
market, and Dubai has always been at the forefront of the sector, attracting
luxury consumers from around the world. This is why Dubai International
Jewellery Week is such an important business networking platform – it provides
an effective gateway into the high value regional market, while bringing
together the world’s most prominent jewellery makers and serious international
buyers.”
Jamil M. Ali Farsi, Founder
of Farsi Jewellers from Saudi Arabia, one of the hosted buyers at last year’s Dubai
International Jewellery Week, added: “The show’s Hosted Buyer Programme is a
highly-effective way to meet new and existing vendors, engage suppliers from
around the world and source new products – the quality of exhibitors is always
outstanding.”
Now in its 18th
year, Dubai International Jewellery Week is the Middle East’s largest and most
influential jewellery event, with exhibitors from more than 30 countries
showcasing billions of dollars worth of precious gems and jewels.
The combined consumer and
trade event will attract more than 20,000 visitors, bringing together manufacturers,
wholesalers, retailers and industry professionals looking to establish global relationships
and come face-to-face with major buyers in the lucrative regional market.
The region’s most dazzling social
and jewellery shopping event returns with 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.
Also returning are daily
seminars conducted by GIA Middle East, the world’s foremost authority in
gemology. 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.
Dubai International
Jewellery Week takes place in Halls 5 - 8 at DWTC. For the latest show information, and to register, visit www.jewelleryshow.com.
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