Jewellery Industry
is one of the top contributors of the UAE economy and Dubai is world-renowned
for being the jewellery hub of the Middle East. Dubai is a tax-free haven and
is the world’s largest market for gold, diamond and gemstones.
UAE ranks as the
highest jewellery consuming nation in the world, but what sends tourists on a
shopping spree is that jewellery in Dubai, is almost 50-60% cheaper than in
their own countries! With some of the best master craftsmen in the world and
some of the world-class leading brands of
jewellery in Dubai offers you the best purity in gold and craftsmanship. Jewellery
is also imported from more than 30 countries to cater to the various needs of
customers who have different requirements from 18K to 24K. Since Dubai is quick
to adapt to changes and jewellery sales are quite a lot, you will always find
the best and the latest collection of designs that follow global trends. Dubai
shopping festivals give an even more powerful boost to the retail gold market
and jewellery industry. The World Trade survey ranks Dubai as the second
largest exporter of gold jewellery in the world.
Dubai Gold Souk
or Gold Souk is a traditional Gold market in Dubai comprising of over 300
retailers selling everything and exclusively only in jewellery. Tourists
haven’t really seen Dubai if they give this place a miss. At any given point of
time, ten tons or more of gold is present in this gold market collectively.
Although offering cheap but the best quality gold, retails stores in the Souk
also offer Platinum jewellery and occasionally silver too. You can be assured
of genuine purchases as the government keeps tight control over the quality of
all merchandise. You will be charged as per the latest prices in the world
market and according to weight of the gold, but workmanship charges vary. A
great thing about buying jewellery in Dubai is that these souks do not have
fixed charges for workmanship and if you bargain well you may get a reasonable
discount.
The Gold &
Diamond Park located close to the First Gulf Bank Metro Station is another
fantastic place to buy jewellery in Dubai. To be on the safer side, it would be
in the best interest of buyers to be wary of people selling gold jewellery on
the pavements as it is most likely to be fake.
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