DMCC hosts 2nd Middle East Gems and Jewellery Forum 2015 in Dubai

DUBAI, 2nd November, 2015 (WAM) — DMCC, the authority on trade, enterprise and commodities in Dubai, hosted the second edition of its two-day annual Middle East Gems and Jewellery Forum, MEGJF, 2015, this week at Almas Conference Centre in Jumeirah Lakes Towers.
MEGJF, which is designed to give industry participants a 360 degree view of the future of the gems and jewellery trade in the Middle East, brought the industry together, from artisans and designers to traders and industry experts, from all across the globe.
Commenting on the event and the future of Dubai as a global gems and jewellery hub, Ahmed bin Sulayem, Executive Chairman, DMCC, said, “Dubai’s non-oil foreign trade during the first half of 2015 reached AED 652 billion. The UAE jewellery industry is one of the top 5 contributors to the UAE economy and the UAE is perfectly positioned at the centre of the world for trade between India and China, the largest markets on earth for gems and jewellery, which are key factors that will enable the region to sustain and grow its prominence as a global hub for the gems and jewellery trade.
“Looking to the future, this year’s MEGJF themes focus on how new technologies are revolutionising the industry, themes designed to spark debate and unlock opportunities in the Middle East marketplace.”
The Middle East region plays a complimentary role to the largest gems and jewellery markets in China and India, where the growth of the jewellery sector is encouraging companies to develop cross-trade relationships to satisfy an ever growing population of sophisticated consumers. Jewellery traders and fabricators in Dubai are also seeking to serve new markets coming out of Africa.
Anan Fakhreddin, CEO, Damas and MEGJF title sponsor, said, “The Middle East has rapidly positioned itself as a vital meeting point for the gems and jewellery industry due to its unrivalled connectivity, consumer demand and appetite for future growth. We are proud sponsors of MEGJF and look forward to contributing to the knowledge exchange with our peers and industry experts that this forum facilitates.”