Dubai Gold and Jewelery Group revealed an increase in sales of gold jewelry since the beginning of the Dubai Shopping Festival until now by 30%, indicating that tourists accounted for the largest shares of total sales by percentages of up to 90%.

The group stated in statements to «Emirates Today», that the number of gold coins that were distributed by members of the group during that period amounted to 2810 gold coins, while 800 thousand «coupons» were distributed for withdrawals purchases, pointing out that the last days of the festival, which concludes its activities in the first From next February you will see a remarkable demand for purchases.

Greater proportions

In detail, the Vice President of the Dubai Gold and Jewelery Group, Chandu Seroya, said that the local gold markets witnessed a rise in sales of gold jewelry, which reached 30% since the start of the Dubai Shopping Festival on December 26 and until now, pointing out that the group monitored the acquisition of tourist groups on the largest proportions Of sales during that period.

On the sidelines of a media tour organized by the group in the gold market in Deira yesterday, Siroya added to the Emirates Today that the total gold coins that were distributed by members of the group since the beginning of the festival’s activities and until now to consumers, reached 2810 gold coins, while it was distributed 800 thousand coupon «coupon» for withdrawals purchases in Dubai markets.

He pointed out that the gold markets in the emirate are currently witnessing remarkable growth in attracting new investors from different nationalities, especially with expectations of high demand during the period of the Expo 2020 Dubai.

Promotion and prizes

For his part, a member of the Board of Directors of the Dubai Gold and Jewelery Group, and the Deputy Executive Director of the company, "Johara", glorifying Abdullah, confirmed that sales of gold crafts rose by 30% since the start of the Dubai Shopping Festival until now, due to the intensity of the promotional campaigns launched by the Dubai Group with the participation of The shops in the markets, as well as the awards of gold coins and daily and weekly withdrawals that attracted a large number of consumers to the Dubai markets, especially from the tourist groups.

He pointed out that the gold markets in Dubai are currently witnessing increasing rates of growth in the demand for purchasing crafts, especially with the last days of the Dubai Festival, which concludes its activities on the first of next February.

Abdullah indicated that the boom in the tourism movement in Dubai during the current period was supportive of the boom in gold sales.

Tourists

In turn, a member of the Board of Directors of the Dubai Gold and Jewelery Group, and the president of the "Dahkan Jewelery" company, Vishal Dahkan, said that the tourist groups accounted for the largest shares of sales of gold jewelry, which reached 90% of the total sales since the start of the festival, especially tourists from Asian countries.

Dahkan pointed out that handicrafts from 18 and 21 carats came at the forefront of sales, as traders from the nationalities of Arab and European countries preferred works of 18 carats, while Indian and Pakistani dealers focused on 21 carats.

200 participating companies

A member of the Board of Directors of the Dubai Gold and Jewelery Group, and the head of the "Dahkan Jewelery" company, Vishal Dahkan, said that the total number of companies that trade in handicrafts and jewelry that participated in the activities of the Dubai Shopping Festival reached 200 companies, including branches of several stores in various parts of Dubai markets, and represents the largest percentage of Sector.

He added that the Dubai Gold Markets is currently witnessing a remarkable growth in the demand for buying crafts in conjunction with the last days of the festival, which concludes its activities on the first of next February, in order to benefit from the prizes allocated for purchases and offers of festival discounts from participating stores.

90%

Of the sales captured by tourists.