Jewelry Buying In Dubai

by Ruchi Sarawagi
(Mumbai, India)

Gold in a Dubai's Mosque

Hi Friends,

This is an interesting incident which happened with me when we went to Dubai. We had gone to Dubai Gold Soak - a famous place to buy gold and diamond jewelery.

You will be amazed to know that in Dubai, "making charge" of any jewelery is just 1 Dirham/gram which is equivalent to Rs 12.5/gram whereas in India we pay approx Rs 350 to Rs 450/gram. Then I inquired where is this jewelery made and to my surprise all jewelery is imported from India. Isn't it an irony!

Great! jewelery made in India is expensive in India but cheaper in Dubai. Also, in Dubai quality assurance is guaranteed because if they say purity of gold is 22 carat then actually it is 22 carat. Because, if they cheat and anyone complains to police, then has to pay a penalty of 1 million Dirham and shop is closed for next 6 months.

On the contrary, similar laws are not in India. Here jewelers have taken people for granted. They say it is 22 carat gold, but there are chances that they may give us only 18 carat or 20 carat jewelery.

Hope such laws are there in India and we can save our hard earned money.

You must also read Jeweler's Profit to to understand the different modes through which jewelers usually earn profit.

Thanks

Added by Megha

Frequently Asked Questions

Q. - Is Dubai duty-free reliable for diamond purchase?

Ans. - Irrespective of from whichever place you are buying diamond, always make sure to get certificate of authentication (like - GIA etc.). Never go by what seller is trying to sell - be it in Dubai or anywhere.

Q. - Is Dubai duty-free better value for money?

Ans. - People from world over go especially to Dubai for jewelry shopping. Obvious reason is, Dubai being a tax-free zone, jewelry is comparatively cheaper there. Also, being a huge jewelry market, prices there are quite competitive. Add to that, if you have a knack of bargaining, then you can definitely get a good deal.

Q. - Who is the biggest buyer of gold jewelry in Gold Souks of Dubai?

Ans. - According to Dubai Gold and Jewellery Group, it's the Indians which forms the biggest group of buyers of gold jewelry in Dubai. According to DGJG, tax-structure on gold in India encourages Indian consumers to purchase gold jewelry from tax-free Dubai where gold is cheap.

Q. - What is the preference of different nationalities in terms of gold purity in Dubai?

Ans. - According to DGJG, following is the preference of buyers from various nationalities:
24kt: Chinese, Far Eastern customers
22kt: Indian subcontinent
21kt: Middle Eastern customers
18kt & below: - US, European customers

Comments for Jewelry Buying In Dubai

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Dec 10, 2017

Gold NEW
by: Obuasi Mining

Attn:

I am writing to you at this time to advertise the availability of our main product, alluvial gold in bulk quantities. As we represent a large number of local artisan miners, we are prepared to provide quantities of up to 400 kilograms of 22.karat alluvial gold monthly.
Following is information concerning our product:

Quantity: 400 kilograms available monthly
Quality: 22. karat alluvial Au
Origin: Ghana, West Africa
Price: $17,000.00 per kilogram
Assay reports provided by SGS Laboratories, Accra,

Our firm is in possession of the Gold Export Certificate issued by the Government of the Republic of Ghana necessary to export gold from Ghana, thus we can provide service to any part of the world.
We are prepared to offer the quantity of gold required to the Buyer [or their representative] upon their arrival here in Accra or we will shipp the Gold to any country of your choice, After the Buyer has confirmed the quantity and the quality of the gold with their refinery, and is satisfied, only then will we accept payment, by bank transfer, from the Buyer to us. Further, we currently seek outside-based serious investors on a partnership basis in order to increase our production capacity. If you are interested in this proposal, or have any further questions, kindly write me at the e-mail address .Looking forward to doing business with you.

Regard
Obuasi Mining
E-mail: bucktudu@msn.com

Dec 03, 2017

Gold kundan meena jewellery manufacturer NEW
by: Pintu soni

Sir I'm really polki Gold kundan meena jadau jewellery manufacturer unit in jaipur 18ct or 92ct hallmark jewellery mfg +919929567756

Feb 25, 2017

Collector Of Gold From Madagascar NEW
by: ravelo Gold

Dear Buyers,

My name is Ravelo but don't worry but i am here to tell you my experience on Gold in country and I just want to tell you are interesed on Gold from Madagascar because i'm collector and live here in Madagascar. So, I want to find buyers or investor to work together. Well, let us talking on mail or viber or skype and so on... when you have any questions about that. i will answer you more and seriously.
thank you so much you can ask me the quantity required there
Be serious please no scammers!

mail: jobnarindra@gmail.com
skype: ravelo gold madagascar
viber: +261349190443
cell: +261345400608

Mar 31, 2016

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Mar 31, 2016

Feb 01, 2016

GOLD AND DIAMOND OFFER NEW
by: GABINET GOLD MINING LTD

We are writing to you this time to advertise the availability of our
main products, alluvial gold and diamonds in bulk quantities.
We have Gold Dust,Gold Bar & Rough Diamond in stock for sale looking
for buyer worldwide to do long term business relationship with our
firm. As we
represent a large number of local surface mining, we are prepared to
provide quantities up to 400 kilograms of 24.karat alluvial gold
monthly

DIAMONDS

D-E VVS1
D-E VVS1/VS1
F-G VVS1
F-G VVS1 G-H-I SI1H-I VVS1/SI1F-H-I VVS1/VVS 2F-G-H SI1G-H VS1G-H-I
VS1 G-I VVS1/VVS 2F-G-H VS1F-G SI1G SI1G-H VS1H SI1--------------
VS1-VS2; DVVS2- VS2; EVS1-VS2; H VVS1- VVS2; IFVS1-VS2; GOLD
Quantity: 400 kilograms available monthly

Price $25,000 per kilo

Quality: 22+. karat alluvial Au COMMODITY ... ... AU DUST PURITY
.......... 97.87 QUANTITY ... . 200 KILOS (1st DELIVERY ORIGIN ... ..
GHANA DELIVERY ... WITHING 5 WORKING DAY UPON RECEIPT OF SHIPPING FUND
Best Regards

Name GABINET MINING COMPANY LTD
Email gabinetgoldmining@gmail.com
Phone +233266251555

Nov 11, 2015

Jewelry Buying In Dubai NEW
by: assignment expert

Why ought to gold be modest in Dubai? In the event that it were, the rich individuals would purchase and offer it to get much wealthier. While the cost of gold may fluctuate a bit between nations, the distinction isn't too much. You'd need to purchase a considerable measure to profit. It's similar to purchasing and offering money. Banks can do this, however they just make a little piece of one penny on every dollar. They need to purchase and offer in the millions to make a noteworthy sum. Great is the same way.

Oct 15, 2015

Gold Bar Offer NEW
by: Williams Robinson

We are genuine seller and exporter of Gold Bar and Gold Dust and we are looking for a reliable buyer, kindly confirm so that we can provide you with all the necessary details Regarding the shipment of the Gold to your Refinery for assay, and we are looking for a reliable investors also in our mining farm in Ghana. And also an agent to represent our company in sourcing buyers for our gold, copper and diamond, with a good commission, US$3000 per kg as commission for our agent.

INTRODUCTION: OF OFFER: WE OFFER AS FOLLOWS:

COMMODITY: (AU) Gold Bar
FORM: Alluvial Gold Bars
PURITY: Delivered at 22%+ Carats
Fineness: Delivered at 96.7% +
Quantity: 500kg
Price: $28,000 per KG

Product: Rough Diamond
Qualité: Impeccable et exquis.
Quantité: 12 000 carats.
Carat poids par pierre: 2.0 et plus.
Clarté: VS1, VS1.
Couleur: D-1.
Découpez des formes capables.
Prix: 650,00 $ US le carat.

OUR TERMS AND CONDITIONS IS STATED BELOW:

1. Buyer must be present to conduct his own test and be satisfied before shipment.

2. Buyer will be responsible for the shipment costs and other government Taxes.

3. Goods must be accompanied by our agent to buyer’s refinery and after assay buyer pays in full into our account in two Banking days.

4. Buyer needs to send His passport copy for his invitation letter/ Cable Visa for his visit.

Please fine time to study the above terms and condition and if it is acceptable to you then, reply accordingly so we will proceed and send you our official offer (FCO) and Spa required to proceed for the transaction.

Thanks.

Awaiting your immediately reply,

Mr. James Kwame/CEO

EMAIL:williamsrobinson1973@gmail.com

Tel: +233 24 1877430 and +22997075306

Skype: kodjolwilliams

Aug 18, 2015

GOLD BARS FOR SALE FROM GUINEA NO UPFRONT FEES NEW
by: NEBA

HELLO SIR,
WE HAVE GOLD BARS
FOR SALE FROM GUINEA
IF INTERESTED IN BUYING FROM US LET US KNOW SO THAT WE SEND TO YOU THE FCO AND PICTURES
WAITING FOR YOUR PROPMT REPLY
NEBA
002347068452869
ngwabelem@gmail.com

Aug 16, 2015

GOLD AND DIAMOND OFFER NEW
by: GABINET GOLD MINING

We are writing to you this time to advertise the availability of our
main products, alluvial gold and diamonds in bulk quantities. As
we represent a large number of local surface mining, we are prepared to
provide quantities up to 400 kilograms of 24.karat alluvial
gold monthly

DIAMONDS

D-E VVS1
D-E VVS1/VS1
F-G VVS1
F-G VVS1 G-H-I SI1H-I VVS1/SI1F-H-I VVS1/VVS 2F-G-H SI1G-H VS1G-H-I
VS1 G-I VVS1/VVS 2F-G-H VS1F-G SI1G SI1G-H VS1H SI1--------------
VS1-VS2; DVVS2- VS2; EVS1-VS2; H VVS1- VVS2; IFVS1-VS2;
GOLD
Quantity: 400 kilograms available monthly

Price $25,000 per kilo

Quality: 22. karat alluvial Au COMMODITY ... ... AU DUST
PURITY .......... 97.87 QUANTITY ... . 200 KILOS (1st DELIVERY ORIGIN
... .. GHANA
DELIVERY ... WITHING 5 WORKING DAY UPON RECEIPT OF SHIPPING FUND
Best Regards
Roger

Mar 28, 2015

OfferIng To The Heart of India Worldwide* NEW
by: AnonymousShay McDowell

We having been sent to OFFER FOR SALE GIA ( Certificated*,), Gems and precious business-inventory make an exclusive SHOWing and Electronic Store for your viewing Pleasure.

In the event of unique Quality and design; Each Customer/client will be treated with experience and certification response to the asking to view our Electronic Store*.. 21st Century first in USA to conceive the Technology which make may follow the concept of making an entire Web Page to Show their wares.
Our Electronic Stores are from CONFIDENTIAL EMAILS which we will Offer the certificates and the em Pictures OFFERED FOR SALE pending your continued Interest you may then achieve a permission to convass the Seller on the Dale and articulate a negotiable for the possession of a unique and quality certificated Gemstone. Authentication is verified by this oOFFICE as we would Deal in No Others unless specified Otherwise By telling you that there are parcels FOR SALE of African Origin on Diamante and other precious and semi-precious Stones that can be classified as a Quick Purchase which may require TRAVEL and Concierge' which we are not liable on any written request for RISK Caveat Emptor* in this concessionary business we Hope that corruption removed to a peaceful-transaction as we screen all our clents that send their Emails to Us.. Thank you very much :: Shayshay000@gmail.com for your viewing pleasure and Thank you for your Purchase!

Mar 28, 2015

GIA Gem Attired*/Certificated FOR SALE NEW
by: Shay McDowell

How may we Offer to you and yours ( gupta ) Gems of GIA Certified Quality and Standard of Excellence? Please any interested Merchant all this office a composite Email to send to you and yours ( a good company*,), our small business inventory which is Exclusive will do only business with Certification and bloodless diamante'/Gems precious' = semi-precious on Quality and not quantity we are Chaplin business which WE MARRY YOU!! *(USA) to the Seller and non-criminal OFFERING :: Good Karma to you and yours in every way !! Shayshay000@gmail.com
Thank you very much; in all contrite modesty.

Mar 22, 2015

GOLD AND DIAMOND FOR SALE NEW
by: GABINET

I am writing to you this time to advertise the availability of our
main products, alluvial gold and diamonds in bulk quantities. As
we represent a large number of local surface mining, we are prepared to
provide quantities up to 400 kilograms of 24.karat alluvial
gold monthly

DIAMONDS

D-E VVS1
D-E VVS1/VS1
F-G VVS1
F-G VVS1 G-H-I SI1H-I VVS1/SI1F-H-I VVS1/VVS 2F-G-H SI1G-H VS1G-H-I
VS1 G-I VVS1/VVS 2F-G-H VS1F-G SI1G SI1G-H VS1H SI1--------------
VS1-VS2; DVVS2- VS2; EVS1-VS2; H VVS1- VVS2; IFVS1-VS2;
GOLD
Quantity: 400 kilograms available monthly

Price $25,000 per kilo

Quality: 22. karat alluvial Au COMMODITY ... ... AU DUST
PURITY .......... 97.87 QUANTITY ... . 200 KILOS (1st DELIVERY ORIGIN
... .. GHANA
DELIVERY ... WITHING 5 WORKING DAY UPON RECEIPT OF SHIPPING FUND
Best Regards
Roger
EMAIL;gabinetgoldmining@gmail.com

May 27, 2014

diamond on sale
by: Anonymous

Unique Cushion Diamond Engagement Ring 10.53ct Information about it.This Unique Cushion Diamond Engagement Ring showcases a magnificent 8.03-carat, GIA-certified (GIA 5101774488) cushion cut diamond (J color; VS2 clarity) in the center and 2.50 ctw of dazzling round diamonds on the sides. This luxurious platinum diamond engagement ring is absolutely irresistible!

if you are interested kindly hit me back with my email address davidmark19680@gmail.com

Apr 21, 2012

@Lakshmi
by: Ruchi

Per my knowledge, you can bring up to 100 gm gold without paying any duty at Indian airport. But, I will suggest you to consult the appropriate authority.

Apr 17, 2012

question?
by: Lakshmi

Hi,

This is really a good piece of info. I have some transit time to shop in Dubai on the way to India.

Can you tell me if there will be any duty at Bangalore airport if I take the jewelry from Dubai?

Thanks so much.

Jul 27, 2011

Excess Competition
by: Megha

Rightly pointed out by Sumit.

Adding to that, there is excessive competition in Dubai jewelry market. Due to this jewellers operate on very thin margin which ultimately benefits customers.

Jul 27, 2011

No Import Duty and VAT
by: Sumit

@NishitH

Another reason for cheap gold jewelry in Dubai is that it is tax-free place. There isn't any import duty & VAT which is also a factor that leads to lesser price in Dubai as compared to India.

Jul 25, 2011

How come low prices for jewelry low in dubAI?
by: NishitH (Mumbai, India)

If the jewelry is made in India then the cost of making is transfered to final jewelry sent to Dubai. When this jewelry reaches Dubai,it should be more expensive?

May 22, 2011

Gold Jewelry is Cheap in Dubai
by: Megha

Hello Ruchi,

Yes, you are right. Craftsmanship of gold jewelry is cheap in dubai which is reflected in the final price of gold jewelry.

So, although price of gold is driven by international market, final cost of gold jewelry is also determined by craftsmanship, cost of running business etc.

Cheers,
Megha

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