Normally crammed with Indian expats and Indian tourists, this year Dubai’s gold and diamond traders have seen a strong presence of Chinese and European buyers, along with Arab customers going for gold.
Author: Shivom Seth
Posted: Thursday , 30 Jan 2014
MUMBAI (MINEWEB) -
Gold jewellers in Dubai have reported the strongest gold sales in seven years, with over four million shoppers crowding the retail and jewellery outlets at the Dubai Shopping Festival. Though Indian expats and Indian tourists have taken the lead in the gold rush this year, diamond jewellery counters are also registering an increased presence of buyers from China and from European tourists.
Tomy Joseph, general manager of the Dubai Gold and Jewellery Group told Gulf News that sales had jumped by about 35% as compared to last year’s sales, in the first eleven days of the festival period.
He added that an average 250 kilograms of gold was sold daily in participating outlets in Dubai this year in ...