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Dubai's Golden Facts
• Per capita gold bought every year of 34 grammes, more
than an ounce (31.1g), is the highest in the world.
• More than two thirds of the population buys gold at least
once a year.
48 per cent is for gifting.
28 per cent is for self.
95 per cent of all tourists buy gold.
• On an average every five person buys five pieces of
gold jewellery every year.
• Each piece is worth US$400 on average, so the average
yearly spend is US$2,000.
76 per cent of all Dubai residents
own gold.
80 per cent intend to buy gold in the next year.
90 per cent of the jewellery market is plain gold jewellery
(as against 10 per cent gem-set).
90 per cent of all jewellery in Dubai is imported.
Imports come from Saudi, India, Pakistan, Thailand, Italy,
Malaysia, Singapore, Bahrain. |
• Dubai is the Middle East supply hub for the jewellery
market.
• 95 percent of all jewellery sold is above 21 karat;
the rest is 18 karat.
• Dubai has over 600 shops, the densest concentration
in the world.
• Dubai's Gold Souk has 275-plus shops in a half a square
kilometre area.
• At any given time over 25 tonnes of gold is on display
in jewellery shop windows.
• Jewellery is sold on gold price plus making charges
unlike in the West, where it is per piece.
• Dubai is the world's second
largest distributor of bullion; it imports 360 tonnes
and re-exports almost all of it (350 tonnes).
• Dubai made the world's longest gold chain during
DSF-1999. The chain was made in 22k gold and measured
4.2 kilometers. 9,600 people bought the chain on necklace
wear and bracelet size pieces. |
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Gold in Dubai |
•
Golden
guides |
• The
smart shopper guide |
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