From Zawya:
- Dubai has the highest concentration of jewellery shops in the world and the emirate generated trade worth $35 billion (Dh128.57bn) last year - 20 per cent of the $173bn total global jewellery trade.
- The United States accounts for 50 per cent of the total global jewellery business, which is estimated to be $173bn per year. Other big jewellery markets are India, China and Japan. Jewellers from these gold hubs are moving to Dubai because Dubai outlets generate more business than elsewhere in the world.
- The Middle East is the world's third largest consumer of diamond jewellery and Dubai registers the highest per capita gold purchases. Clearly this region is a lucrative market for the industry.
- Dubai hosts the highest concentration of jewellery shops in the world. Ten per cent of Dubai's GDP in 2007 was derived from gold and jewellery trade.
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