Monday, 21st June 2004 (4619 views)

The Sharjah Gold Centre has revealed a 10 per cent increase in first quarter sales, despite a decrease in gold imports.

Reportedly the sales growth is due to the area's growing popularity among local shoppers.

The gold retail market in the UAE is continuing to perform well, with an increase in the number of tourists wanting to buy jewellery balancing the effect of a fall in the US dollar and the rising international gold price.

Mr. Sandeep Sethi, Manager of the Sharjah Gold Centre told AME Info: "The centre's convenient and strategic location helped boost the influx of shoppers from different areas within the UAE - both local and tourists.

"Business has been very good and the positive sales figures for the first quarter this year attests to the fact that more people find it more convenient to shop at the Gold Centre."

Although there are many gold and jewellery shops in Dubai, Mr Sethi argued the Gold Centre has greater shopping convenience and a broader selection.

The centre has 47 jewellery shops and offers local and international brands, offering the only centre of its kind in the UAE known for its great quality and craftsmanship.

 

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