Dubai is the place to buy tax-free luxury goods, including stunning Dubai gold jewelry.The demand for gold jewelry in the Middle East, particularly in the Gulf, will soar in 2006 as disposable incomes increase dramatically because of booming crude oil prices.
Oil-rich states such as Saudi Arabia and Russia are coming to Dubai to shop for luxury items. Gulf Arabs and Russians have a taste for chunky jewel designs with large, colourful semi-precious stones.
Gold Jewelry designers such as Tiffany, Cartier and Chopard are represented in Dubai. Italian gold jewelry designs by gold jewellers such as Pasquale Bruni and Roberto Coin are also available Dubai.
According to figures from Vicenza Fair, one of the world’s top jewellery trade fairs, the United Arab Emirates has become the second biggest jewellery export country for European designed and produced gold jewelry, after the United States.
Dubai is also a market place for the fast growing Indian Middle Class according to Colin Griffith, chairman of the Dubai Gold and Commodities Exchange (DGCX), in a interview with reuters.
Dubai is a leading centre for the import and re-export of gold, Griffith said. Gold Jewelry is in high demand in the malls and souks (open air markets) of Dubai, and on Maktoum Road, Dubai’s equivalent to Old Bond Street in London.
With the increase in wealth generation within the Middle East and nearby countries such as India, the demand for high karatage designer gold jewelry can only rise. Dubai has set itself up as the key place to purchase gold jewelry in the Middle East.
21 Karat Gold Jewelry to 24 karat Gold Jewelry is available in Dubai with stunning intricate designs traditional to Middle Eastern and Asian Gold Jewelry,contrasting to bold modern European style gold jewelry.
With its tax-free shopping and large opulent shopping malls, Dubai is 'The Place' to buy gold jewelry in the Middle East.