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News

DMCC to host inaugural Middle East Gems and Jewellery Forum 2014

  • Author:Tina
  • Source:Yadao
  • Release on :2014-11-07
The Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority with a mandate to enhance Dubai’s position as the global gateway for commodity trade and enterprise, is hosting the inaugural Middle East Gems and Jewellery Forum (MEGJF) on November 9.
 
His Highness Sheikh Ahmed Bin Saeed Al Maktoum, president of the Department of Civil Aviation, CEO and chairman of The Emirates Group and chairman of Dubai World, will be the guest of honour at the event, which will also welcome key industry players, traders and suppliers from across the globe.
 
Gold, diamond and precious stones account for much of the non-oil and energy commodity-based trade in the region, and DMCC has extensively contributed to Dubai’s position as one of the world’s top three trading hubs for gold, diamonds and gemstones. 
 
Ahmed Bin Sulayem, executive chairman of DMCC, said: “With Dubai being one of the world’s top three trading hubs for gold, diamonds and gemstones, and the UAE the number one jewellery consuming nation in the Middle East, the first DMCC Middle East Gems and Jewellery Forum is perfectly positioned to provide a regional platform for dialogue and collaboration on the coloured stones and jewellery industry.
 
“‘DMCC’s new initiative enables industry leaders and experts to share experiences and discuss ways to further capitalise on Dubai’s ideal location between the producing and consuming nations as well as the tremendous growth potential in the region and beyond”.
 
As a hub for luxury goods, Dubai commands around 30 percent of the luxury marketing in the Middle East and around 60 percent of the UAE’s luxury market. Gold jewellery consumption is estimated at $2.5 billion, making the UAE one of the top five in the world amongst China, India, the United States and Russia.