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Jewellery business accounts for 26.5% of non-oil foreign trade

Dec '09
The business of jewellery, including fashion jewellery, pearls, precious or semi-precious stones, precious metals and imitation jewellery accounted for 26.5 per cent (or $56.98 billion) of the UAE non-oil foreign trade in 2008.

India topped the list of countries contributing to this booming business, followed by China, Japan, Germany, Italy, USA, France, UK, South Korea and Switzerland, according to the organizers of the specialized twin show, the International Fashion Jewellery & Accessories Fair and International Watch & Clock Fair (IFJA & IWCF).

IFJA and IWCF, the region's only specialized and dedicated fair for fashion jewellery, imitation jewellery, costume jewellery, silver Jewellery, gold plated, fashion accessories as well as all kinds of watches and clocks, is being organized by International Exposition (under Al Fajer Information & Services), from January 17 to 19, 2010, at the Dubai International Convention and Exhibition Centre.

Satish Khanna, General Manager of Al Fajer Information & Services, said: “The Fashion Jewellery & Accessories Fair and the Watch & Clock Show have established themselves as a unified specialized event that attracted almost 100 exhibitors from 12 countries, including group pavilions from India, China, Italy, Lebanon and UAE.”

Khanna added: “The styles, trends, unique designs and competitive pricing are key drivers of the industry, with diamonds topping the list, followed by gold (yellow & white), colored gem stones, natural or cultured pearls, Imitation jewellery, silver Jewelry, fancy jewelry and others.” The event will be open to trade visitors as well as the general public. In the earlier editions, Gulf visitors dominated the show, driven by higher purchasing power.“ This twin event will showcase fashion jewellery, fashion accessories as well as watches and clocks, allowing traders, department stores and boutique buyers and buying officers to discover a wide range of products from around the world,” said Khanna.

Exhibitors will include gold and silver-plated base metal jewellery, costume and fashion jewellery, crystal, cubic zirconia, rhinestone and enamel jewellery, semi-precious gemstone jewellery, loose polished semi-precious stones, beads, minerals and other materials, jewellery parts and components, belts and buckles, hair ornaments, scarves, shawls and gloves, handbags, wallets and purses, branded watches and clocks.


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