The First Dubai Global Gem and Jewelry Fair began on Thursday at Atlantis, The Palm, with the participation of over 130 exhibitors from India and other GCC countries.
The three-day fair promises to be a stunning display of rare and exclusive jewelry, precious gemstones and diamonds.
The event is hosted by The Dubai Multi Commodities Center (DMCC) and the Gem and Jewelry Export Promotion Council (GJEPC) India.
The exclusive invitation only event will have 600 select buyers from across the globe and showcases the finest in gemstones, diamonds and jewelry by the crème de la crème from the region and India.
“We have enabled Dubai to establish itself as the global gateway for commodities trade by building the infrastructure required for industry participants to trade with confidence, much like what we will see unfold here at the inaugural Dubai Global Gem and Jewelry Fair (GGJF),” said Ahmed bin Sulayem, executive chairman, DMCC while inaugurating the event.
Vipul Shah, chairman, GJEPC, said the UAE is one of the top 13 gold consuming countries and accounts for 40 percent of India’s gem and jewelry exports.
“With India being the world’s leading diamond cutting and polishing center and fast emerging Jewelry hub, it is only natural that the first international initiative hosted by the Council is in Dubai. In 2013, of India’s total gem and jewelry exports of $36.4 billion and $14.4 billion worth of exports were to the UAE. Dubai is the single largest destination of Indian gem and jewelry products,” Shah added.
“For years traders and visitors to India have enjoyed the craftsmanship, quality, design and cost efficiency — now it’s time we return the gesture and bring the source to Dubai — the most promising destination for the gemstones and jewelry trade in recent times,” said Pankaj Parekh, vice-chairman, GJEPC.
The organizers expect visitors from across the globe including Kingdom of Saudi Arabia, Egypt, Lebanon, Bangladesh, Singapore, Eastern Europe, Russia, South Africa, Sri Lanka, Turkey, Pakistan and Malaysia.