Press Release: The First Dubai Global Gem & Jewellery Fair that gets underway at Atlantis, The Palm, from March 20 to 22, promises to be a stunning display of rare and exclusive jewelry, precious gemstones and diamonds from the region and from India. The event hosted by the Dubai Multi Commodities Centre (DMCC), Dubai’s and the region’s global gateway for commodity trade and enterprise, and the Gem & Jewellery Export Promotion Council (GJEPC) of India will have 130 exhibitors and over 170 booths spread across 3,100 square meters. 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. Ahmed Bin Sulayem, the executive chairman of the DMCC, said, "At DMCC we always look at new ways of connecting industry participants to strengthen international trading relations. The inaugural Dubai Global Gem & Jewellery Fair (GGJF) provides the ideal environment for international buyers to trade in top-quality precious gemstones, diamonds and couture jewelry. We are honored to host this world-class event in collaboration with the GJEPC where industry participants will no doubt enjoy access to some of the most rare and exclusive pieces available in the market today. The GGJF also brings to Dubai a new wholesale jewelry market and buyers from over 25 different countries to the Emirate. Dubai has a strong track record in hosting these types of events due to its business friendly and innovative spirit clearly demonstrated by the recent World Expo 2020 bid win.” DMCC has enabled the flow of trade and enterprise through Dubai to grow immensely. The flow of gold increased from $6 billion in 2003 to $70 billion in 2013 and the flow of diamonds increased from $3 million to $5 million in 2003 to $39 billion in 2012. Vipul Shah, the chairman of the 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, $14.4 billion worth were to the UAE. Dubai is the single largest destination of Indian gem and jewelry products. The show leverages Dubai’s recognized status as the luxury retail and financial capital of the region and showcases the finest in gemstones, diamonds and jewelry from the crème de la crème from India and UAE.” The event will host retailers, manufacturers, wholesalers, importers and exporters of the worldwide jewelry industry. Exhibiting jewelry companies include Dhamani, Rosy Blue, Gitanjali Gems, Jewels Emporium and more. Visit www.ggjfdubai.com for more information. About DMCC With 66 mixed-use commercial and residential towers and over 220 retail outlets in operation, there are currently over 80,000 people working and living within the DMCC Free Zone in Dubai. With an average of 200 companies choosing to join DMCC each month and a 94 percent retention rate, DMCC remains the UAE’s largest and fastest growing free zone.
DMCC is a strategic initiative of the government of Dubai, was established in 2002, with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. DMCC attracts key players throughout the entire value chain of a wide range of commodities sectors, together with relevant support industries such as finance, logistics and insurance. DMCC has established a robust infrastructure, including free zone status, trade networking platforms, secure vaults and purpose-built storage facilities. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including 50-year guaranteed 0 percent corporate and personal income tax, 100 percent business ownership, full ownership of business premises, and a secure regulated environment. DMCC has also implemented a dedicated compliance policy in the organization, which is in line with the compliance related laws and regulations of the UAE Federal Government and the competent international bodies. DMCC owns three fully operational towers, which host the majority of the physical, market and financial infrastructure including the jewelry and gemplex facility, the specialized diamond and pearl exchanges and gold vault. Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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