Home / Knowledge / News / Fashion / $1 bn gem export to UAE, Bahrain in 2006

$1 bn gem export to UAE, Bahrain in 2006

Dec '05
Brazilian gems and jewels makers are expected to gain by 3.3 percent over 2004 through exports by the end of the year.

According to Brazilian Institute of Gems and Precious Metals (IBGM), the estimated foreign sales would be worth US $766 million this year, while last year they reached $741 million mark.

The sector's target for 2006 is US $1 billion.

Jewellery and gem sector includes producers of rough gems, cutters, products and artefacts made out of stones, gold in bars, threads and plates, ready jewellery, plated jewellery and costume jewellery made out of common metals, among other products for industry.

Arab countries, especially Unite Arab Emirates and Bahrain are among the main consumers of Brazilian gems.

In 2004 the United Arab Emirates purchased US$ 7.5 million from Brazil, 81 percent more than in 2003, and the Arab country is the second main importer of Brazilian cut diamonds, the fifth main buyer of rubies, sapphires and emeralds, and the eighth main buyer of manufactured jewellery.

In the case of Bahrain, the country was the fourth main market for Brazilian ready jewels.

As for the domestic market the sales are expected to reach US$ 1.9 billion this year (in current figures), with growth of 5 percent over 2004.

The US is the main market for Brazilian jewellery as it is also the largest importer of jewellery.

According to Marketing Manager at the IBGM, Natália Salomão, the partnership made six years ago between Brazilian Export and Investment Promotion Agency (Apex) is one of the significant aspects promoting the sales.

Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Pic: Airlines IATA

Textiles | On 18th Jan 2022

Supply chain disruptions stall global cargo growth in Nov 2021: IATA

Data for global air cargo markets have revealed slower growth in...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Philippine garment-textile industry seeks govt support to protect jobs

The Clothing and Textile Industry Tripartite Council (CTITC) in the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

India-EU Summit, Representatives

India-EU Summit

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

T Rajkumar,

T Rajkumar

<div>Confederation of Indian Textile Industry (CITI) being one of the...

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Seth Casden, Hologenix

Seth Casden

Hologenix is a material sciences company dedicated to developing products...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Alix Partners
Lululemon Athletica Inc
International Textile Manufacturers Federation
NITI Aayog
Brandix Lanka Limited
Eastman Chemical Company
Groz-Beckert East Asia LLP
Bluestem Global Sourcing Limited
Grasim Industries Limited
J ;& P Coats
Midas Clothing Limited
Hela Clothing Pvt Ltd
Recron Polyester from Reliance Industries Limited
Sainsbury's Argos Asia Limited
Page Industries Limited (Bangalore)

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search