PLANET EXHIBITION: Dubai International Jewellery Week Exhibition - Nov 11 2008

Venue : Dubai International Convention & Exhibition Centre ( DICEC)
Hall : Halls 3, 4, 5, 6, 7, 8, Sheikh Maktoum Hall
Country : United Arab Emirates / Abu Dhabi
Date : 11/11/2008 - 11/15/2008
Frequency : Annual
Organizer : Dubai World Trade Centre
Website : http://www.jewelleryshow.com
Open To : Trade and Public
Description :
Dubai International Jewellery Week reflects one of the world's most dynamic markets for luxury goods. It provides the perfect platform for global and regional manufacturers to meet buyers from the Gulf, North Africa, India and beyond. Dubai International Jewellery Week builds upon international interest in the Middle East's jewellery landscape to provide a week long extravaganza of three distinct shows Areeq Dubai, Jewellery Collections Dubai and Jewellery Trade Dubai. These tailored events will deliver focused forums for traders, consumers and exhibitors from across the globe, with more than 400 exhibitors from over 20 countries.

Why Dubai :

"Because we have no taxes, easy imports procedures and a huge turnover, we can sell Italian gold cheaper than they do in Italy, and Indian buyers come here for their Indian made wedding jewellery"

- Tawhid Abdullah, Chairman, Dubai Gold and Jewellery Group (DGJG)

Dubai gold imports were worth $14.75 billion in 2006 and are expected to double in the coming years with retail trade reaching around $3 billion.
Gold trade through Dubai reached $5.23 billion in the third quarter of 2007, an increase of 55% compared to the same period in 2006.
City of shopping – An incredible place for shopping that attracts tens of millions of visitors annually to its ultra-modern shopping malls.
Customs duties are low at 4% with many exemptions.
The jewellery market of the UAE is worth $6.13 billion the second biggest in the region after Saudi Arabia.
The region is one of the largest marketing arms in the world for luxury jewellery and timepieces, estimated to be worth nearly $10 billion dollars by 2010.
The UAE will soon become the top export market for Italian jewellers, replacing the US, reported Reuters.
Maurizio Castro, Director General of Vicenza Fair, said that "maybe in 2008 and certainly in 2009 the Emirates will become the main export market for Italian jewellery".
"10 per cent of its GDP in 2007 was derived from combined gold and jewellery revenues," said H.E. Mohammed bin Abdulaziz Alshihhi, Undersecretary - Planning Sector, UAE Ministry of Economy.
In 2007, Dubai's rough diamond trade saw a 29% increase from 2006 to reach $4.82 billion, with trade in polished diamonds rising a massive 88% to hit $6.41 billion.
Dubai Pearl Exchange (DPE) – establishment of the DPE is to revive the UAE's historical status as a leading destination for pearl diving and trading.
The United Arab Emirates accounts for 14% of the world's jewellery sales.
According to the World Wealth Report published by Merrill Lynch, there are 68,100 millionaires residing in the Emirates today.
Dubai is synonymous with high quality and affluence and according to the Wage Index it now outranks Hong Kong, Moscow and Rome for highest gross pay per individual.
Tourists account for 46% of all jewellery sales within the UAE.