India – the future of retail diamond market.
The Dubai Gold and Jewellery Group (DGJG), a jewellery trade association, said that retail jewellery sales during the recently-concluded Dubai Shopping Festival (DSF) crossed $272 million (AED1 billion), a 25 per cent increase over initial estimates, according to reports.
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“The jewellery sector has benefited tremendously during this DSF through increased number of shoppers from within and outside the United Arab Emirates (UAE),†said DGJG managing director Tawhid Abdullah.
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Around 350 gold jewellery outlets took part in the shopping festival, which saw one lucky winner walking away with a kilogram of gold on each day, over a span of 45 days.
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