ipl-logo

Essay On Jewellery Industry

1109 Words5 Pages

The Gold and jewelry trade occupies a very important position within the UAE economy. It is a number one interchange earner, as well the fastest growing industries within the country. The two major segments in UAE are gold jewellery and diamonds. Gold jewellery forms around 90% of the UAE jewellery market, with the balance comprising fabricated decorated jewellery that includes diamond and stone decorated jewellery. Gold sector plays UAE’s second utmost earning sector after oil & Gas. UAE’s Gold & Jewellery industry is extremely unorganized and fragmented with 91% of the players being family owned businesses. The emirate has been building up to its present image, earning Markets. Main hub of UAE Gold & Jewellery industry is Dubai. Dubai is …show more content…

Dubai is the only geographic region that provides hub for the jewellery market. 95% of all jewellery oversubscribed is on top of 21 Karat; the rest is 18 karat. Dubai has over 600 retailers, the densest concentration in the world.

Global Country Report on UAE

Dubai's Gold Souk has 275-plus retailers in half a square Kilometre area. At any given time over
25 tons of gold is on display in every next shop. Dubai is the world's second largest redistributors of bullion; it imports 360 tons and re-export almost all of its 350 tons. Dubai made the world's longest gold chain during Dubai Shopping Festival. The chain was made in
22k gold and measured 4.2kms. 9,600 people bought the chain in garment and bracelet size pieces. UAE ‘s Per capita gold bought every year is 34 grams, more than announce (31.1g), this is the highest in the world. More than UAE’s Two-third of the population buy gold atleast once a year.
48% of all gold is for gifting. 28% is for self. 95% of all tourists get gold. 90% of all jewelry in Dubai is foreign. Imports come from Saudi, India, Pakistan, Thailand, Italy, Malaysia,
Singapore, and Bahrain.

PESTEL Analysis of

Show More
Related

  • Silver Dbq Essay

    1232 Words  | 5 Pages

    They are making great deal of money and not only that, they bring in other luxurious goods. They recieve items such as gold, silk, and porcelain from China. (Doc, 4) The primary flow of silver that happened around 1570 and 1750, was located around the world. The flow went from Mexico reaching all the way over into China, eventually crossing in between the Indian Ocean and Atlantic Ocean.

    Read More

  • Cocktail Party Economics: Case Study

    699 Words  | 3 Pages

    In chapter five of the Cocktail Party Economics, it explained about the comparative advantage in several different points. At first, it talked about specialization; then it talked about getting technical, bumper sticker protectionism, dynamic change, and national sacrifice. From a recent study conducted by the Dubai Chamber of Commerce and Industry in the run-up to the Global Business Forum on Latin America taking place on November 9-10 in Dubai, Dubai 's non-oil trade with Latin America reached Dh17billion value in 2015. The sum shows growth by 26 percent when compared with the Dh13.5 billion deal in 2010, and it goes on to a continued increase in business until 2018. The reason for the positive growth every year is because of the comparative advantage, for instance, Dubai

    Read More

  • Informative Essay On Walter's Jewelers

    259 Words  | 2 Pages

    Specializing in jewelry sales and watch repair, Walter’s Jewelers in Brookline, MA, provides excellence in a variety of jewelry services. Whether you need a jewelry cleaner or the perfect engagement ring, the experts at Walter’s Jewelers have something for you. Broken watch? Don’t feel up to getting it fixed, just to have it break again? Their full-service jewelry store employs only the best of the best for their trustworthy watch repair services, so you can rest easy with your valuable in their hands.

    Read More

  • Wilma Flinttone Research Paper

    622 Words  | 3 Pages

    If you grew up watching the Flintstones, you 're probably familiar with Wilma Flintstone 's jewelry of choice. Of course I 'm talking about the oversized rock necklace and bracelet Wilma is always seen wearing. While we 'll never know if our first female ancestors really adorned themselves with rock jewelry, archeologists have found that jewelry has been around for thousands of years in the form of Beads. Archeologists have dated the existence of beads back some 4,000 years. Some of the earliest forms of beads were made from the bones and teeth of animals, along with shells and seeds found in various regions.

    Read More

  • Informative Speech Outline

    1331 Words  | 6 Pages

    Sample Process Speech Outline for SPC 155: Effective Speech (C. Schaeffer) Speech title: How to make an inexpensive Sabika bracelet Intended Audience: College student 's that are extra cautious with spending money. They want to give a meaningful gift while staying on budget. Introduction: I.

    Read More

  • Cause And Effect Speech

    885 Words  | 4 Pages

    Cause / Effect Speech Outline Name: Sirapat Jongsriwattanaporn (Beau) Number: 5888065 Topic: 3 causes that make the gold price down and up. Opening: Use full sentences. Include the Attention Grabber, who, why (the cause or effect you will discuss) and what you will talk about (the 3 causes / effects linked to the why stage) with headings for each.

    Read More

  • Elsa Peretti's Accomplishments

    552 Words  | 3 Pages

    The famous designer of jewellery, Elsa Peretti has made her name through pieces made for Tiffany & Co. Her accomplishments have had an impact on the company for the last four decades that saw high net sales. Her specialties fall under simple figures, which include and not limited to teardrops, open hearts and shapes that are rounded. Born from a rich family, Peretti went to Volbicela School where she earned a diploma. The knowledge she acquired as an interior designer helped her work as a teacher and later started full-time jewellery design work and modelling in New York.

    Read More

  • Cravia Inc Case Study

    1219 Words  | 5 Pages

    Further, the larger United Arab Emirates has over 8 million people, making it favourable for business,

    Read More

  • Dubai Globalization

    3725 Words  | 15 Pages

    Dubai has only 72 kilometers of coastline along the Persian Gulf. Dubai 's population is about one million in 2007, but growing rapidly. Most of the population consists of expatriates (those who go to other countries to work). Only 19 percent of the population was born in Dubai UAE, 23 percent are from Iran and Arab countries, and 50 percent are from South Asia (India and Pakistan the most common), most of them work in construction and basic services. The remaining 8 percent of foreign workers from Europe or North America, East Asia.

    Read More

  • Apple Watch Case Study

    1267 Words  | 6 Pages

    That is the combination of a market development and the product development. Where the organization will try to grow their market share by introducing new offerings in the new market, which is UAE. However, this method is also the most risky strategy due to the both the product and the market development being

    Read More

  • The Iron Plate In The Great Pyramids

    750 Words  | 3 Pages

    The Iron Plate Colonel Howard Vyse, John Perring and James Mash; investigated the Great Pyramids in Egypt and had planned/engineered many explosions. This artifact was the artifact of what was to be described of by George Sandy more than 200 years before. This piece of iron seemed to be the “oldest piece of iron known to man.” The piece of iron was found in the Great Pyramids of Gizeh, in Egypt. The Iron Plate was about 26 cm long, 8.6 cm wide, and .4 cm in thickness.

    Read More

  • Doing Business In A Foreign Country

    1097 Words  | 5 Pages

    When it comes to open trade policies, it has one of the most within GCC countries where there is no protective duties and minimal import restrictions. UAE has well defined legal framework business and clear ownership rules. Ownership rights permitted to foreigners are up to 49% for limited liability companies with in Dubai and for 100% for branches and representative officers of foreign companies, professional companies and free zones enterprises. Reference Moreover it’s important

    Read More

  • History Of Silk Road Essay

    1212 Words  | 5 Pages

    By that time, network of roads was far more complex. It was almost 6500 km long. It now started from Chang'an in China, following Great Chinese wall to north-west, passing by borders of Taklamakan desert, crossing Pamir mountains and went through Afghanistan until reaching Levant. From Levant, products were sent by boats in Mediterranean sea to next destinations in

    Read More

  • Advantages And Disadvantages Of Globalization In The UAE

    1785 Words  | 8 Pages

    Challenge of modernization and globalization in the UAE society Introduction The UAE is renowned for its rich cultural heritage heavily manipulated by Arab and Islamic traditions. UNESCO has particularly acknowledged the Emirate of Sharjah as a fascinating emirate that has single handedly taken measures in protecting the rich cultural heritage of the Arabs. A classic example is anchoring the Dubai Shopping Festival in cultural values that are local and traditional. It should be noted that the primary aim of the festival is to attract tourists from all over the world.

    Read More

  • Competitive Advantage In Bahrain

    1518 Words  | 7 Pages

    Bahrain is located at the heart of the Gulf Cooperation Council GCC market, which makes Bahrain the most suitable location to meet the increasing demand of GCC countries for manufactured goods (Cho & et al, 2013). For example: inexpensive housing much in demand: there is considerable demand for affordable housing. For example; huge pressure from abroad on the shipping and export companies in Bahrain because of Bahrain 's strategic location in land, air and sea freight.

    Read More

More about Essay On Jewellery Industry

Open Document