Gold&Jewellery Group

. "City of Gold" Coin campaign to continue through DSS 2006 and DSF 2006-07

. Two draws for twenty kilos of gold will be held during DSS 2006

. Remaining seventy-five kilos of gold during DSF 2006-2007

Dubai, January 28, 2006: The Dubai Gold and Jewellery Group has announced that the draws for the 'City of Gold' coin promotion have been deferred and now will continue through Dubai Summer Surprises 2006 and into Dubai Shopping Festival 2006-07, giving buyers a chance to win several kilos of gold and other spectacular prizes.

As part of the revised schedule, the draws for the gold coin promotion will now be held on the first day of DSS, the last day of DSS and the remaining raffles will be held during DSF 2006-07.

The Group, which has been instrumental in promoting and improving the gold and jewellery trade in Dubai, meanwhile announced that its jewellery promotion will continue unabated until March 3, 2006, further emphasizing the association's efforts to reinforce Dubai's reputation as the Jewellery Destination of the World.

Talking about the postponement of the draws, Mr. K.P Baiju, General Manager Dubai Gold and Jewellery Group, said: "The Dubai Gold and Jewellery Group has always initiated its efforts keeping the best interest of our loyal customers and the trade. We have decided to continue the Gold Coin campaign through DSS 2006 and into the next DSF to offer people in Dubai more chances to win gold and spectacular prizes, therefore the coins will still be available for purchase at the same price at the jewellery outlets. If there are any changes made to this promotion, the customers will be notified immediately."

He added: "As an industry body, we are also keeping the interest of the gold and jewellery trade as our priority and we can assure that this move will not adversely affect anyone. There has a lot of hard work and dedication in putting together the campaign and we are extremely thankful to the government for their consistent support. The jewellery promotion will continue as scheduled."

Striking a more upbeat note, Mr. K.P. Baiju said: "I would say that the buyers of the gold coin have already reaped some benefits, considering the appreciation in the gold prices worldwide."

All customers will be called personally by the DGJG staff to update them on the status of the promotion, based on the information available on the coupon.

More information about the promotions and its revised schedule can be obtained on www.dubaicityofgold.com.

Coin and Jewellery promotion revealed for month-long festivities - Gold coins sales start today

5% of weekly and mega prizes will be distributed to local charities, 1% of the total proceeds to be shared with DSF authorities for distribution amongst local charities

Dubai, December 14, 2005: The Dubai Gold and Jewellery Group (DGJG) has announced its mega winnings of 143 kilos of gold and 16 carats of diamonds as part of its spectacular promotion for the 11th Dubai Shopping Festival (DSF) early next year. This promotion is a joint effort of DSF and DGJG and is supported by World Gold Council, PAMP and Real Media Network.

At current prices, over Dhs 10 million worth of gold and diamonds will be given away as prizes during the month-long cultural and retail extravaganza, scheduled to be held from January 4 to February 4, 2006. Central to the promotion unraveled by the group is its special commemorative DSF Souvenir, a specially minted gold coin, which will be available from December 15 onwards.

To mark the 11th year partnership with DSF, the Group has announced a twin promotional campaign offering jewellery buyers a chance to win several kilos of gold and spectacular diamond prizes, further reinforcing its positioning as the Jewellery Destination of the World.

While addressing the media conference organized at the Park Hyatt, Dubai, Mr. Tawhid Abdullah, Chairman of Dubai Gold and Jewellery Group, said: "The Dubai Shopping Festival is one of the biggest shopping extravaganzas of the world and the Group has worked closely with the DSF authorities to extend the best promotional campaigns for the benefit of our members as also our patrons - the shoppers at the festival."

Laila Suhail, DSF Chief Marketing and Communication Officer said, "Our association with the Dubai Gold and Jewellery Group is as old as the Festival itself and today this relationship underlines our commitment to promoting Dubai as the City of Gold. Over the years, the Group has helped many realise their dreams by giving away 542 kilos of gold to-date. Now the DG&JG is unveiling another winning promotion for the DSF shopper, which is yet another example of the collaboration between the government and the private sector. The Gold Promotion, not only offers value for money to its customers, it captures memories of DSF and gives several lucky buyers a chance to win kilos of gold."

On purchase of the official DSF coin -- 22-karat gold coin weighing 2.5-gram worth Dhs 270, customers will be entitled to a coupon which offers prizes of 20 kilos of gold weekly for four consecutive weeks and a mega winning of 30 kilos of gold. Apart from this, five kilos will be given away as scratch and win. The coin price will remain the same throughout the promotion. The gold coin can be purchased at all Jewellery outlets and at specially designed kiosks at the Gold Souq, Shopping Malls, Dubai Duty Free and Global Village.

Mr. Abdullah added: "The annual campaign is eagerly anticipated by avid shoppers and discerning buyers, who look forward to benefiting from these raffles, which provide them with numerous chances to win gold. On purchase of Jewellery worth Dhs500, customers are eligible to win one-kilo gold daily, except Fridays, where four lucky shoppers will each win 1-Carat diamond. Considering the overwhelming response to the commemorative gold coin launched last year, it will be made available to buyers from December 15 onwards."

"As compared to the previous years, the Group has planned its strategy in a way that will multiply the winning opportunities. We guarantee that the quality of the gold coin is the highest, since it is minted and certi-packed by PAMP which is known for its gold bars" said Mr. Abdullah.

Moreover, the Group will distribute 5% of weekly and mega prizes to local charities and 1% of the total proceeds will be given to the DSF officials for distribution amongst local charities.

The World Gold Council which continues to play an integral role in maintaining Dubai's image as the City of Gold is partnering with the Group ever since it was conceptualized.

Moaz Barakat, Managing Director, World Gold Council, said, "Since DGJG's creation in 1996, we have been an active and enthusiastic partner for the Government of Dubai's various activities - the most prominent of which is the annual Dubai Shopping Festival. The World Gold Council congratulates the Dubai Gold and Jewellery Group for its tremendous success with the Coin promotion last year. With continued focus on such innovative promotions, we are confident that Dubai's contribution to the overall global sales of gold will be maintained despite the inflationary trends.

Sightholders' visit reflects Dubai's growing reputation as a major diamond centre and Jewellery Destination of World

Dubai, December 10, 2005: The reputation of Dubai as the Jewellery Destination of the world is set to get a major fillip with Diamond Trading Centre (DTC) sightholders looking at closer cooperation with Dubai-based diamond traders.

The visiting representatives are expected to identify successful business models with members of the Dubai Gold and Jewellery Group (DGJG) aimed at generating new trade opportunities and successful relationships for future initiatives.

Talking at a gala dinner jointly hosted by DTC and DGJG at Ritz Carlton Hotel in Dubai on Tuesday, Mr. Tawhid Abdullah, Chairman of DGJG, said: "It's my honour to welcome the DTC sightholders to Dubai and I congratulate them for choosing Dubai as the venue for this year's market familiarization trip. I am confident that the DGJG and DTC can play a bigger and better role in further expanding and empowering the market for the betterment of all.

He added: "On this occasion, I can assure the visiting delegation that Dubai shares the DTC commitment of driving demand for diamonds across the globe as also their vision regarding the future of the diamond industry. We look forward to working with the DTC Sightholders in a way that can transform the diamond jewellery market, creating excitement and new customer demand. This visit will go a long way towards boosting the sales of diamond jewellery reflecting the pre-eminence of diamonds."

Within a short span of time, the diamond market in the region has developed phenomenally to touch US$1.87 billion. Catering to over 160 nationalities residing in the city and over 12 million tourists annually, Dubai offers the largest growth market for diamond with its share growing at 17 per cent compared to the last year.

Dubai, November 14, 2005: The Dubai Gold and Jewellery Group announced that it will unveil a 'twin' promotional campaign during the forthcoming Dubai Shopping Festival, with the objective of reinforcing its positioning as the "Jewellery Destination of the World". While the popular 'City of Gold' will be launched in a new avatar, jewellery buyers will also get a chance to win several kilos of gold and spectacular diamond prizes; some of the winnings will be linked to the purchase of the DSF Souvenir, a specially minted gold coin. The World Gold Council is also partnering with the Dubai Gold and Jewellery Group in this extravagant gold promotion and will continue to play an integral role in maintaining Dubai's image as the 'City of Gold'.

Announcing the participation, Mr. Tawhid Abdullah, Chairman of the Dubai Gold and Jewellery Group said, "Dubai Shopping Festival and the Group have worked closely in the past years with a single minded objective of elevating the jewellery retail trade in Dubai as a successful example of collaborative partnership between the government and the private sector. This year, we will continue this relationship to offer even more benefits to members and our patrons, the shoppers at Dubai Shopping Festival."

"Importantly, we also see DSF as a huge platform for the industry to showcase new collections. Keeping this in mind, our promotions will offer winning opportunities at starting points as low as AED 250 (USD 68) and AED 500 (USD 136). At this stage, we estimate that at least 100 kilos of gold will be raffled during the Festival."

As compared to the previous years, the Group has planned its strategy in a way that will multiply the number of winning opportunities. The number of outlets that will offer the promotions will also increase manifold; the Gold Souq, shopping malls, special kiosks, Dubai Duty Free and Global Village will offer several access points.

The DSF period has consistently yielded incremental sales of 25% year on year. The Group will start a major part of the promotion in early December to give people an opportunity to participate well in advance.

26 retailers to showcase array of exquisite jewellery designs

Dubai, September 25, 2005: The Dubai Gold and Jewellery Group (DGJG) has announced that the Global Village 2006 will have a designated Gold Souk, exclusively for DGJG members as part of UAE pavilion, to be introduced for the first time since the Global Village began alongside Dubai Shopping Festival in 1996. This initiative is in line with the Group's overall objectives to be a part of more local events and activities.

A total of 26 booths dedicated to gold and jewellery sale will be allocated at the Global Village 2006, to be set up from October 26, 2005 to March 3, 2006 at Dubai Land, its permanent location. This unique facility will complement the vast array of opportunities offered during DSF 2006 by the Dubai Gold and Jewellery Group, which will also unveil its unique promotion during the month-long shopping and leisure extravaganza.

The Global Village, Dubai's own celebration of the diversity and similarity among peoples of the world, offers something for everyone who comes visiting - whether it is culture, art, shopping, games, entertainment, good food or just the buzz of interacting with different nationalities.

Talking about the new Souk, Mr. Tawhid Abdullah, Chairman, Dubai Gold and Jewellery Group, said: "The Global Village, has become a must-see destination for anybody visiting the city of Dubai. Setting up the Gold Souk at the Global Village 2005 will be an ideal opportunity for us to showcase our exquisite designs to these visitors from all parts of the globe. The popularity of the Village is a testimony in itself -- the Global Village 2005 attracted around five million visitors. To be present in the Gold Souk at the Village definitely gives us a headstart."

With its presence inside the Global Village, the Gold Souk can play a pivotal role in enhancing Dubai's position as a global hub for gold and jewellery business in line with the vision of the Dubai government. "The souk inside the UAE pavilion is a great step forward in presenting Dubai to the visitors. The trade of jewels, pearls and diamonds forms an integral part of the traditions and culture of the Middle-East region and being at the Global Village gives us an opportunity to preserve this culture"; adds Mr. Abdullah.

Retailers at the Gold Souk include House of Alukkas LLC, Shyam Jewellers, Pearl Enterprises, Goldas LLC, Sky Jewellery, Damas Jewellery, Eternity Jewellery, Alukkas Jewellery, Mashoor Jewellery, Siroya Jewellers, Kairali Jewellery and Atlas Jewellers.

Mr. Abdulla Hamdan Bin Dalmook, Senior Manager, Heritage and Diving Village who is in charge of the UAE Pavilion, said: "This initiative is definitely in line with our overall objective for Global Village -- to create the region's best cultural meeting point where nationalities of all countries, whether resident or visiting, can meet and experience various cultures, traditions and social norms. The Dubai Gold and Jewellery Group and all the exhibitors at the UAE Pavilion will tremendously add to the charm and shopping experience of the new Global Village."

Over the years, the Dubai Gold and Jewellery Group has been offering a fantastic promotion year after year during the DSF festivities in which shoppers get a chance to win attractive prizes.

We are very excited and look forward to welcoming all the visitors at Global Village this year" said Mr. Abdullah, expecting high footfalls at the UAE Pavilion.

An association of more than 650 gold and jewellery members in Dubai, the Dubai Gold and Jewellery Group is responsible for promoting and improving the gold and jewellery trade in Dubai. Founded in 1995, the Group has been part of the Dubai Shopping Festival as one of the Key Sponsors since its inception.

The Global Village 2005 housed pavilions from 46 different countries, 54 restaurants and over 75 kiosks for companies from all over the world and provided the perfect answer to an evening of around-the-world shopping. Located at its own custom-built site sprawling 17.2 million square feet at Dubai Land, the Global Village attracted millions of visitors all through the festival not just for the rich variety of products, games, and entertainment programmes but also for the large spread of cuisines and eating out options at hand.

Visiting trade delegation to exhibit exquisite designs to jewellers in Dubai

Dubai, September 17, 2005: A delegation of Australian jewellery traders visiting Dubai between September 19 and 21, 2005, aims to enhance business opportunities between the two major jewellery centres. During the visit, the Australian dealers are expected to exhibit their designs to members of the Dubai Gold and Jewellery Group for probable partnerships in future sales initiatives.

The visit, part of a Middle East Roadshow by Australian jewellers, is aimed at boosting the collaboration between Australia and Dubai-based jewellers and reflects the City's enhanced profile as a major trading hub for gems and jewellery and a retail market for designs from Australia. Supported by the Dubai Gold and Jewellery Group and Gulf Air, the first-of-its-kind Australian Middle East Jewellery Roadshow also covers Cairo, Bahrain and Beirut.

The Roadshow, an initiative by the Australian Trade Commission (Austrade) with the objective to raise the profile of the Australian jewellery in the Dubai market, is expected to generate new business opportunities and develop successful relationships. During the visit, the traders will showcase the latest range of Australian gem designs (mainly opals), precious stones, pearls, gold and diamond jewellery, silver and other accessories.

Commenting on the visit of the delegation, Mr. Tawhid Abdullah, Chairman of Dubai Gold and Jewellery Group, said: "This visit by the Australian jewellery traders is expected to provide a major fillip to the business links between the two

jewellery centres and help unravel business opportunities for future. It's imperative to note that 95 per cent of tourists buy jewellery in Dubai and the city boasts of the highest per-capita gold consumption in the world. This visit by the Australian traders has come at a great time, with the opening up successful relationships and boosting mutual cooperation between Australia and Dubai-based jewellers."

He added: "Dubai, which boasts of variety of jewellery catering to tastes and preferences of over 160 nationalities residing in the city and over 12 million tourists annually, deserves its recognition as the Jewellery Destination of the World. I am confident that the Australian jewellery will surely find its demand among the discerning population of Dubai and the region."

Dubai also offers the largest growth market for diamond with its market growing at a substantial rate of 17 per cent compared to the last year. With local retail industry worth US$3 billion, the UAE is second only to Saudi Arabia in diamond sales in the region.

Added Mr. Abdullah: "The visit offers two-way opportunities for our industry here as Dubai jewellers are renowned for being logistics and redistribution experts besides their retail selling abilities. With the added product range from Australia, Dubai will be in a stronger position to showcase its potential as a jewellery hub. Secondly, it also opens up avenues for Dubai-based jewellery organisations to expand retail operations in Australia."

As Australian trade increases in the region, the awareness and presence of Australian jewellery too is being recognised for its quality and innovative design work. Peter Linford, Australia's Senior Trade Commissioner for the Middle East, said: "The two-way growth in positively booming with outlook trends very strong."

In his comments, James Hogan, President and Chief Executive of Gulf Air, said: "International air travel provides a crucial link between the countries of the Middle East and the global community and Gulf Air has a key role to play in supporting economic growth in the Middle East and the Gulf region, not only through the promotion of travel and tourism but also by facilitating trade between members of the international business community. We are very pleased to work with people who share our vision by supporting and working with Austrade in this venture."

Indian gets gold, British national wins diamond in DSS promotion

Dubai, August 14, 2005: It is always a great feeling to win one kilogram gold or one Carat Solitaire diamond. But the excitement at the seventh week's raffle of the Dubai Gold and Jewellery Group promotion during Dubai Summer Surprises 2005 was palpable. It was the presence of Modhesh, the ever-smiling, lovable mascot of DSS extravaganza, which made it truly spectacular.

The event, held on Thursday last, came alive with Modhesh, creating a sense of thrill and fun as the little ones present at the venue had a perfect day out. Coupled with the excitement of the presence of Modhesh was the fact that a nine-month-old toddler indeed 'walked' away with one kilogram gold at the raffle. British national Kritika Desai took the honours in the diamond category, winning with one Carat Solitaire.

The presence of Modhesh added to the glitter of the raffle as the little ones of different age, nationalities and ethnic backgrounds burst into excitement as they played with the lovable mascot. For his part, Modhesh captured the children's attention with his antics as he greeted the children, making the event truly unforgettable.

Overall, it was a truly memorable day out for children, who cherished their moment of truth with their lovable friend - Modhesh - vividly depicting the variety and excitement of DSS 2005. To cap the event was one kilogram gold win by nine-month-old Pradeep Singh, making it a truly Kids' Day Out. As part of its DSS campaign, the Dubai Gold and Jewellery Group has offered residents and visitors a chance to win 10 kilos of Gold and 10 Carats of Solitaire diamonds, upon jewellery purchased at approximately 350 participating jewellery outlets in Dubai.

Pradeep's father Krishna, who put in his coupon number 480407 in his son's name, was overjoyed to realise that Lady Luck has smiled on his family. Mr. Krishna, who works in the maintenance of elevators at Al Futtaim Carillion, said: "I have lived in Dubai over the last 12 years, working on the elevators, and this is the first time that I have won something in raffles. Honestly, I don't know how to react as it has come as a pleasant surprise."

With the surprise win elevating his life to new heights, an overjoyed Mr. Krishna said: "I am thankful to the Dubai Gold and Jewellery Group as well as the DSS organizing authorities for this promotion, which has changed my life. My only wish now is to somehow get my wife and child to Dubai because all these years my income was a major impediment. I will try and approach the Indian Embassy for the same. But before that. a big thank you to all those who helped me to this day. Modhesh has proved lucky for me and from now on it is my luck mascot."

The one Carat Solitaire Diamond was won by British national Kritika Desai, holder of coupon number 58221.

As part of the promotion, shoppers are entitled to win 1 Kilogram of gold every week through a raffle draw on purchase of gold jewellery worth AED250 at any participating outlets. Similarly, every purchase of AED500 on diamonds, pearls, stone jewellery and watches at any participating outlets entitles the shopper to a diamond raffle coupon with an opportunity to win 1 Carat Solitaire diamond every week. Both schemes integrate the instant scratch and win offer of 50 per cent redemption of purchase value, up to a maximum of AED1250.

The raffles will be held on consecutive Thursdays till August 25 at the Gold Souk and other leading Jewellery Speciality malls such as Gold Land, Gold Souk Centre- Bur Dubai, Gold Centre & Gold Souk. The last draw will be held at the conclusion of Dubai Summer Surprises on September 2, 2005. More information about the promotions can be obtained on www.dubaicityofgold.com or on toll-free number 8004417.

An association of more than 650 gold and jewellery members in Dubai, the Dubai Gold and Jewellery Group is responsible for promoting and improving the gold and jewellery trade in Dubai. Founded in 1995, the Group has been part of the Dubai Shopping Festival as one of the Key Sponsors since its inception.

Indian wins fifth week's raffle of 1kg gold in DGJG promotion

Gold, diamond jewellery sales witness unprecedented levels

Dubai, July 31, 2005: In a plot taken out of a Bollywood flick, a UAE national buys diamond jewellery, fails to deposit the diamond purchase raffle coupon, takes off for Mumbai, only to find her flight diverted due to the incessant rain. Forced to fly back to Dubai, she deposits her coupon and wins one Carat Solitaire Diamond. That's what you call a glittering success.

Ms. Meera Salaam now opines that her flight diversion was more of Lady Luck which was destined to smile on her. Putting aside the disappointment of a failed trip to Mumbai, she is thrilled to have won one Carat Solitaire Diamond in the fifth raffle of Dubai Gold and Jewellery Group, DSS 2005 promotion.

An Indian national, Mr. Nigel D'Silva, won one kilogram gold raffle, results of which were declared on Thursday. As part of its innovative promotion, the Dubai Gold and Jewellery Group has offered residents and visitors a chance to win 10 kilos of Gold and 10 Carats of Solitaire diamonds, upon jewellery purchased at approximately 300 participating jewellery outlets in Dubai.

Talking about her 'flight of fancy', Ms. Meera, holder of coupon number 133794, could not hide her excitement on becoming the second UAE national to win during this year's DSS. "It has come as a pleasant surprise. I was disappointed that I did not deposit the coupons on the day I bought the jewellery, though I had kept it ready.. Next day, I had to rush to the airport and the disappointment continued with the rain in Mumbai and my unplanned return. Somewhere in my heart, I always had the feeling that I will win the raffle though my mother always felt otherwise."

She added: "On return from Mumbai, I rushed to the Deira City Centre and deposited the coupon. I told my mother that the flight got diverted because we were destined to win. I am planning to mount the diamond on a ring and gift it to my mother," said Ms. Meera.

An excited Ms. Meera also thanked the DGJG and the DSS authorities. "Diamonds are forever, always special and this DSS has made my life special. I want to extend my gratitude to everyone involved, the Dubai Gold and Jewellery Group and the DSS authorities, for giving me this opportunity. And yes, the promotion is fantastic.. truly sparkling. To win the Solitaire is a great feeling and it is yet to sink in," she added.

Similarly, Mr. D'Silva could not hide his excitement on winning one kilogram of gold. Holder of Coupon No. 357988, an ecstatic Mr. D'Silva said: "The credit should go to my wife, Sumita, who put my name on the coupon. We had gone shopping for gold on her birthday recently, so its kind of double excitement. I have been following the list of winners during this promotion, but to be part of the winners' list is a great feeling. To say that I am thrilled would be an understatement."

He added: "I was coming back from lunch, when somebody called to inform me that I have won the gold. And I thought someone was joking, until it came out true. This is the first occasion when I have won something in raffles and I want to thank the Dubai Gold and Jewellery Group authorities, DSS,. the list is endless. Thank You Dubai and such promotions are taking the emirate to the next level. As for the money, I plan to invest it on my three-year-old son's (Keegan's) education."

K P Baiju, General Manager, Dubai Gold and Jewellery Group, said: "The promotion unveiled by the DGJG has generated an unprecedented response. The jewellery outlets have witnessed a sharp upsurge in the sales and footfalls with gold sales touching Dh 180 million, and sales of diamond, jewellery and other precious stones hitting the Dh45 million mark. To see such figures just after five weeks of the promotion is very encouraging and a good sign for the gold and jewellery trade in Dubai. From the customers' perspective, we still have five more eventful weeks in the offing and I welcome them to partake of the promotion and get lucky."

As part of the promotion, shoppers are entitled to win 1 Kilogram of gold every week through a raffle draw on purchase of gold jewellery worth AED250 at any participating outlets. Similarly, every purchase of AED500 on diamonds, pearls, stone jewellery and watches at any participating outlets entitles the shopper to a diamond raffle coupon with an opportunity to win 1 Carat Solitaire diamond every week. Both schemes integrate the instant scratch and win offer of 50 per cent redemption of purchase value, up to a maximum of AED1250.

The raffles will be held on consecutive Thursdays till August 25 at the Gold Souk and other leading Jewellery Speciality malls such as Gold Land, Gold Souk Centre- Bur Dubai, Gold Centre & Gold Souk. The last draw will be held at the conclusion of Dubai Summer Surprises on September 2, 2005. More information about the promotions can be obtained on www.dubaicityofgold.com or on toll-free number 8004417.

An association of more than 650 gold and jewellery members in Dubai, the Dubai Gold and Jewellery Group is responsible for promoting and improving the gold and jewellery trade in Dubai. Founded in 1995, the Group has been part of the Dubai Shopping Festival as one of the Key Sponsors since its inception

Six more kilograms of Gold and Solitaire diamonds to be won

Dubai, July 24, 2005: The celebration continues. This Dubai Summer Surprises (DSS) has witnessed phenomenal sales, incredible offers, winners from diverse nationalities and big fun for little ones. Continuing the glittering journey, the fourth week's raffle of the Dubai Gold and Jewellery Group (DGJG) promotion during DSS 2005 witnessed an Egyptian and an Indian as the winners.

Amal Alaa, an Egyptian and holder of Coupon No. 324380, was the proud winner of one kilogram of gold while Jharna Paul, an Indian and holder of Coupon No. 47199, was the lucky winner of one Carat Solitaire Diamond in the fourth raffle, results of which were declared on Friday.

As part of its innovative promotion, the 650-member Dubai Gold and Jewellery Group has offered residents and visitors a chance to win 10 kilos of Gold and 10 Carats of Solitaire Diamonds, upon jewellery purchased at its participating jewellery outlets in Dubai.

The promotion has seen winners of different nationalities taking the centre stage over the last four week. While a Nigerian and a Tunisian took the honours in the first raffle, it was an Indian and an Iranian who had luck smiling on them in the second raffle. In the third raffle held last week, a UAE national won the one Carat Solitaire diamond while a Pakistani national was the winner of one kilogram gold.

Jharna Paul could not believe her luck, when she was called by the DGJG authorities about her win. "In fact, I called up my husband to check on the coupon number to reassure myself that I have indeed won the Solitaire diamond. It is the first time in my life that I have won something on raffles," said an ecstatic Jharna, who plans to keep the Solitaire as a memento.

When she ventured shopping for her husband's family members, little did Jharna realise what's in store for her. "I never expected this and it's a great surprise. Apart from thanking the Dubai Gold and Jewellery Group and the DSS authorities for giving me this opportunity, I want to reiterate the fact that Dubai jewellery is the best in the world. In fact, I recommend all our overseas visitors and friends to come for jewellery shopping to Dubai."

The gold and diamond promotion, the first of its kind, has been created to reflect the prevalent purchasing trends in Dubai. The key attraction of the campaign is the first time ever citywide offer on diamond -- a significant step towards positioning Dubai as 'the Jewellery Destination of the World'.

The Group expects that the promotion will result in over AED320 million sales during the 10-week themed Surprises, from participating outlets alone. It entitles the shopper to win 1 Kilogram of gold every week through a raffle draw on purchase of gold jewellery worth AED250 at any participating outlets.

Similarly, every purchase of AED500 on diamonds, pearls, stone jewellery and watches at any participating outlets entitles the shopper to a diamond raffle coupon with an opportunity to win 1 Carat Solitaire diamond every week. Both schemes integrate the instant scratch and win offer of 50 per cent redemption of purchase value, up to a maximum of AED1250.

The raffles will be held on consecutive Thursdays till August 25 at the Gold Souk and other leading Jewellery Speciality malls such as Gold Land, Gold Souk Centre -- Bur Dubai, Gold Centre and Gold Souk. The last draw will be held at the conclusion of Dubai Summer Surprises on September 2, 2005. More information about the promotions can be obtained on www.dubaicityofgold.com or on toll-free number 8004417.

An association of more than 650 gold and jewellery members in Dubai, the Dubai Gold and Jewellery Group is responsible for promoting and improving the gold and jewellery trade in Dubai. Founded in 1995, the Group has been part of the Dubai Shopping Festival as one of the Key Sponsors since its inception.

UAE, Pakistani nationals win third week's raffle

Gold, Solitaire up for grabs in seven more exciting weeks

Dubai, July 17, 2005: The six Dubai Gold and Jewellery Group raffles over the first three weeks of the Dubai Summer Surprises 2005 have seen winners from six nationalities, which has made it truly special. The vast spread of nationalities in the winners' podium reflects the popularity and demand generated by the first-of-its-kind promotion.

The third week's raffle witnessed a UAE national and a Pakistani national winning one Carat Solitaire diamond and one kilogram gold respectively. While a Nigerian and a Tunisian took the honours in the first raffle, it was an Indian and an Iranian who had luck smiling on them in the second raffle.

As part of its innovative promotion, the Dubai Gold and Jewellery Group has offered residents and visitors a chance to win 10 kilos of Gold and 10 Carats of Solitaire diamonds, upon jewellery purchased at approximately 300 participating jewellery outlets in Dubai.

Makeiah Abdul Aziz, a UAE national, who won the one Carat Solitaire diamond in the third raffle, could not hide her excitement on winning the raffle and thus becoming the first UAE national to win during this year's DSS.

Holder of coupon number 315855, Ms. Makeiah said: "It has come as a pleasant surprise, I feel great and it is yet to sink in. In fact, when the Dubai Gold and Jewellery Group authorities called me to say that I have won the Solitaire, I was stunned. Frankly, I am yet to decide on how I am going to celebrate this," said Ms. Makeiah.

For Mr. Obaidullah Makhdoom, who won one kilogram gold in the third of 10 raffles of DSS 2005 promotion, it was the first time in his life that he won something on raffles. Holder of Coupon No. 315855, Mr. Makhdoom said: "I had gone shopping for my marriage and picked up a gold set for my fiancé. In fact, I filled the raffle coupon at the insistence of the jeweller and to say that I am thrilled would be an understatement," said Mr. Makhdoom, thanking the DGJG and DSS authorities.

He adds: "I would like to donate a part of the prize to an aged person who is in desperate need of money to get his daughters married. This is my small gesture because this man badly needs help. Without his blessings, I would not have seen this day. I will remit the remaining part of the money won from this raffle to my family back home."

The gold and diamond promotion, the first of its kind, has been created to reflect the prevalent purchasing trends in Dubai. The key attraction of the campaign is the first time ever citywide offer on diamond -- a significant step towards positioning Dubai as 'the Jewellery Destination of the World'.

The Group expects that the promotion will result in over AED320 million sales during the 10-week themed Surprises, from participating outlets alone. It entitles the shopper to win 1 Kilogram of gold every week through a raffle draw on purchase of gold jewellery worth AED250 at any participating outlets.

Similarly, every purchase of AED500 on diamonds, pearls, stone jewellery and watches at any participating outlets entitles the shopper to a diamond raffle coupon with an opportunity to win 1 Carat Solitaire diamond every week. Both schemes integrate the instant scratch and win offer of 50 per cent redemption of purchase value, up to a maximum of AED1250.

The raffles will be held on consecutive Thursdays till August 25 at the Gold Souk and other leading Jewellery Speciality malls such as Gold Land, Gold Souk Centre- Bur Dubai, Gold Centre & Gold Souk. The last draw will be held at the conclusion of Dubai Summer Surprises on September 2, 2005. More information about the promotions can be obtained on www.dubaicityofgold.com or on toll-free number 8004417.

An association of more than 600 gold and jewellery members in Dubai, the Dubai Gold and Jewellery Group is responsible for promoting and improving the gold and jewellery trade in Dubai. Founded in 1995, the Group has been part of the Dubai Shopping Festival as one of the Key Sponsors since its inception.

" UAE, Pakistani nationals win third week's draw of DSS 2005

Dubai, July 17, 2005: He is among thousands who came to Dubai to make their dreams come true. Having worked hard over the last six years, he did see some of his objectives being fulfilled. But the Big Bang eluded him.. Till one day when lady luck smiled on him.

T B Manikandan, an Indian working at Astoria Hotel, won one kilogram of gold in the second of the 10 raffles of the DGJG, DSS 2005 promotion. Naturally, he could not hide his excitement. Holder of Coupon No. 43260, Mr. Manikandan wants to invest his prize money in the construction of his house back in Kerala, which remained his long-standing ambition.

Mr. Manikandan, who hails from Trissur in Kerala, plans to get into wedlock soon and this win has only added to his excitement. "This is a pleasant surprise, and I thank the Dubai Gold and Jewellery Group and DSS for the same. I have been living here for six years and this is the first time ever I have won something. I am extremely happy and elated," said Mr. Manikandan.

He added: "I have participated in the Dubai Shopping Festival Raffles on a number of occasions earlier but it was my first try at DSS. In fact, all my friends had filled the coupon, but I was probably destined to win.."

Now, he could see his dream home taking shape, thanks to the DGJG promotion, which is set to change many a lives in the coming seven weeks. Interestingly, the six Dubai Gold and Jewellery Group raffles over the first three weeks of the DSS 2005 have seen winners from six nationalities, which has made it truly special. The vast spread of nationalities in the winners' podium reflects the popularity and demand generated by the first-of-its-kind promotion.

The third week's raffle witnessed a UAE national and a Pakistani national winning one Carat Solitaire diamond and one kilogram gold respectively. While a Nigerian and a Tunisian took the honours in the first raffle, it was Mr. Manikandan and an Iranian who had luck smiling on them in the second raffle.

As part of its innovative promotion, the Dubai Gold and Jewellery Group has offered residents and visitors a chance to win 10 kilos of Gold and 10 Carats of Solitaire diamonds, upon jewellery purchased at approximately 300 participating jewellery outlets in Dubai.

The gold and diamond promotion, the first of its kind, has been created to reflect the prevalent purchasing trends in Dubai. The key attraction of the campaign is the first time ever citywide offer on diamond -- a significant step towards positioning Dubai as 'the Jewellery Destination of the World'.

The Group expects that the promotion will result in over AED320 million sales during the 10-week themed Surprises, from participating outlets alone. It entitles the shopper to win 1 Kilogram of gold every week through a raffle draw on purchase of gold jewellery worth AED250 at any participating outlets.

Similarly, every purchase of AED500 on diamonds, pearls, stone jewellery and watches at any participating outlets entitles the shopper to a diamond raffle coupon with an opportunity to win 1 Carat Solitaire diamond every week. Both schemes integrate the instant scratch and win offer of 50 per cent redemption of purchase value, up to a maximum of AED1250.

The raffles will be held on consecutive Thursdays till August 25 at the Gold Souk and other leading Jewellery Speciality malls such as Gold Land, Gold Souk Centre- Bur Dubai, Gold Centre & Gold Souk. The last draw will be held at the conclusion of Dubai Summer Surprises on September 2, 2005. More information about the promotions can be obtained on www.dubaicityofgold.com or on toll-free number 8004417.

An association of more than 600 gold and jewellery members in Dubai, the Dubai Gold and Jewellery Group is responsible for promoting and improving the gold and jewellery trade in Dubai. Founded in 1995, the Group has been part of the Dubai Shopping Festival as one of the Key Sponsors since its inception.

" Indian and Iranian win DSS 2005 second week's raffle

" Eight more glittering gold, diamond prizes await winners

Dubai, July 10, 2005: As was evident in the first week, the second week's winners of the Dubai Gold and Jewellery Group promotion for Dubai Summer Surprises again spread a lot of cheers around. Unlike the first week, where two Africans took the centre stage, the second week witnessed winners from India and Iran taking the honours.

T B Manikandan, an Indian working at Astoria Hotel, could not hide his excitement on winning one kilogram of gold while for Faiezeh Aleali, an Iranian, it was a sense of déjà vu when she won the one carat Solitaire diamond in the second of the 10 raffles during the 10-week shopping and retail DSS promotion.

As part of its innovative promotion, the Dubai Gold and Jewellery Group has offered residents and visitors a chance to win 10 kilos of Gold and 10 Carats of Solitaire diamonds, upon jewellery purchased at approximately 350 participating jewellery outlets in Dubai.

Holder of Coupon No. 43260, Mr. Manikandan wants to invest his prize money in the construction of his house back in Kerala. "This is a pleasant surprise, and I thank the Dubai Gold and Jewellery Group and DSS for the same. I have been living here for six years and this is the first time ever I have won something. I am extremely happy and elated," said Mr. Manikandan, who plans to get into wedlock shortly.

He added: "I have participated in the Dubai Shopping Festival Raffles on a number of occasions earlier but it was my first try at DSS. In fact, all my friends had filled the coupon, but I was probably destined to win.."

For Faiezeh Aleali, who had won one kilogram of gold from Dubai Gold and Jewellery Group during DSF 2005, it has been a glittering year, literally. "I don't know how to react, it feels great, especially during a year when you have won one kilogram earlier. From the moment I put the coupon, I had a feeling that I will win the diamond. To say that I am thankful to the DGJG would be an understatement as it has happened twice with me, that also in the same year," she said.

A mother of two, Faiezeh has not planned on what she is going to do with the diamond. "Let me feel it first.. It is yet to sink in and I feel on top of the world," she said.

The gold and diamond promotion, the first of its kind, has been created to reflect the prevalent purchasing trends in Dubai. The key attraction of the campaign is the first time ever citywide offer on diamond -- a significant step towards positioning Dubai as 'the Jewellery Destination of the World'.

KP Baiju, General Manager, Dubai Gold and Jewellery Group, said: "The two weeks have witnessed hordes of buyers thronging the participating outlets all over the city and we are thrilled with the response to our promotion. For those who haven't won in these two weeks, there are still eight more weeks to go.. The only way out to win is to shop, shop, shop.."

The Group expects that the promotion will result in over AED320 million sales during the 10-week themed Surprises, from participating outlets alone. It entitles the shopper to win 1 Kilogram of gold every week through a raffle draw on purchase of gold jewellery worth AED250 at any participating outlets.

Similarly, every purchase of AED500 on diamonds, pearls, stone jewellery and watches at any participating outlets entitles the shopper to a diamond raffle coupon with an opportunity to win 1 Carat Solitaire diamond every week. Both schemes integrate the instant scratch and win offer of 50 per cent redemption of purchase value, up to a maximum of AED1250.

The raffles will be held on consecutive Thursdays till August 25 at the Gold Souk and other leading Jewellery Speciality malls such as Gold Land, Gold Souk Centre- Bur Dubai, Gold Centre & Gold Souk. The last draw will be held at the conclusion of Dubai Summer Surprises on September 2, 2005. More information about the promotions can be obtained on www.dubaicityofgold.com or on toll-free number 8004417.

An association of more than 600 gold and jewellery outlets in Dubai, the Dubai Gold and Jewellery Group is responsible for promoting and improving the gold and jewellery trade in Dubai. Founded in 1995, the Group has been part of the Dubai Shopping Festival as one of the Key Sponsors since its inception.

" Nigerian and Tunisian take centre stage in first DSS raffle

" Nine kilos gold, nine carats of diamond still up for grabs

Dubai, July 3, 2005: The winners took it all, back to where it came from. In a rare coincidence of sorts, two winners from the African continent took the honours in the first raffle of the Dubai Gold and Jewellery Group promotion as part of the 10-week Dubai Summer Surprises (DSS) 2005 extravaganza.

Dr Banfa, a Nigerian and holder of coupon number 52810, won one kilogram of gold while Ben Sli Mane, a Tunisian national and holder of coupon number 02870, was the proud winner of one carat Solitaire diamond in the first of the 10 raffles during the shopping and retail promotion.

As part of its innovative promotion, the Dubai Gold and Jewellery Group has offered residents and visitors a chance to win 10 kilos of Gold and 10 Carats of Solitaire diamonds, upon jewellery purchased at approximately 300 participating jewellery outlets in Dubai.

The promotion, which normally witnesses winners from a wide array of nationalities year after year, saw two African nationals as maiden winners. Dr Banfa, reacting to the win, could not hide her excitement. "This prize has come as a pleasant surprise, and I thank the Dubai Gold and Jewellery Group for this fantastic promotion and offering many a chance to win. To be the first winner is an honour in itself; but to have won one kilogram of gold.. is an absolute delight," said Dr Banfa, who teaches at the Higher Colleges of Technology.

Dr Banfa who has been living in Dubai for five years, added: "I have filled many such raffle coupons in my life, but unfortunately could not win anything till date. I haven't really given a thought on what to do with the prize, it's yet to sink in, and it is indeed a great feeling."

In his reaction, Mr. Ben Sli Mane said: "In fact, the winner is my friend - Ali Bouslama, who is a businessman and globe trots on official visits. This was Ali's first visit to Dubai which proved lucky. Since I am a resident, we put the coupon in my name and it was a great surprise. I have heard that fortunes change overnight in this part of the world, but I never expected this to happen to him."

Mr. Ben Sli Mane and Mr. Bouslama were shopping during the weekend, when the authorities called up to tell them about the windfall. "I know the difference this one carat of Solitaire diamond will make to my friend's life. He is about to get married and the Solitaire will obviously be a gift to his wife. He is so ecstatic that he plans to come back to Dubai and definitely buy more jewellery.. Thank you once again," he added.

The gold and diamond promotion, the first of its kind, has been created to reflect the prevalent purchasing trends in Dubai. The key attraction of the campaign is the first time ever citywide offer on diamond -- a significant step towards positioning Dubai as 'the Jewellery Destination of the World'.

The Group expects that the promotion will result in over AED320 million sales during the 10-week themed Surprises, from participating outlets alone. It entitles the shopper to win 1 Kilogram of gold every week through a raffle draw on purchase of gold jewellery worth AED250 at any participating outlets.

Similarly, every purchase of AED500 on diamonds, pearls, stone jewellery and watches at any participating outlets entitles the shopper to a diamond raffle coupon with an opportunity to win 1 Carat Solitaire diamond every week. Both schemes integrate the instant scratch and win offer of 50 per cent redemption of purchase value, up to a maximum of AED1250.

The promotion is being popularized through a city wide advertising campaign that targets a much younger target audience with a fresh new look and feel, to encourage jewellery purchase amongst the younger population. The campaign also include extensive use of city radio channels such as HUM FM and Channel 4 FM, which are running several purchase-linked promotional offers.

The raffles will be held on consecutive Thursdays till August 25 at the Gold Souk and other leading Jewellery Speciality malls such as Gold Land, Gold Souk Centre- Bur Dubai, Gold Centre & Gold Souk. The last draw will be held at the conclusion of Dubai Summer Surprises on September 2, 2005. More information about the promotions can be obtained on www.dubaicityofgold.com or on toll-free number 8004417.

An association of more than 600 gold and jewellery outlets in Dubai, the Gold and Jewellery Group is responsible for promoting and improving the gold and jewellery trade in Dubai. Founded in 1995, the Group has been part of the Dubai Shopping Festival as one of the Key Sponsors since its inception.

Dr. Gaetano Cavalieri, President of The World Jewellery Confederation (CIBJO), an international jewelry confederation of national trade organizations whose purpose is to encourage harmonization, promote international cooperation in the jewelry industry and to consider issues which concern the trade worldwide, has welcomed the report of the official commission into the September 11 terrorist attacks in the United States. In the report, it was stated that there is no real evidence to suggest a connection between the trade in conflict diamonds and the al Qaeda terrorist network, which is considered responsible for the attacks.

"Given the fact that there have been number of news reports in the media suggesting that al Qaeda was using conflict diamonds to finance its activities and to launder money, such a declaration by a body that has spent months studying such issues is very welcome indeed. These charges besmirched the reputation of the products we sell. The commission's report has, I believe, vindicated the diamond in this respect," says Cavalieri, who is also a member of the executive board of the World Diamond Council, which is charged with managing the international jewelry and gemstone sector's campaign against conflict diamonds.

"Al Qaeda has been alleged to have used a variety of illegitimate means, particularly drug trafficking and conflict diamonds, to finance itself.. We have seen no persuasive evidence that al Qaeda funded itself by trading in African conflict diamonds," states the 9/11 Commission report, under a discussion on the al Qaeda money trail.

There is no evidence that the al Qaeda terrorist network used diamonds to fund its activities prior to the Sept. 11, 2001, terrorist attacks, according to a highly publicized report released Thursday by the National Commission on Terrorist Attacks.

In the document titled , The 9/11 Commission Report , the independent, bipartisan commission assigned by Congress and President Bush to prepare a full and complete account of the circumstances surrounding the terrorist attacks, including preparedness for and the immediate response to the attacks, said that "we have seen no persuasive evidence that al Qaeda funded itself by trading in African conflict diamonds."

These were welcomed words to Gaetano Cavalieri, president of CIBJO, The World Jewellery Confederation.

"Given the fact that there have been number of news reports in the media suggesting that al Qaeda was using conflict diamonds to finance its activities and to launder money, such a declaration by a body that has spent months studying such issues is very welcome indeed," Cavalieri said, who is also a member of the executive board of the World Diamond Council, which is charged with managing the international jewellery and gemstone sector's campaign against conflict diamonds. "These charges besmirched the reputation of the products we sell. The commission's report has, I believe, vindicated the diamond in this respect."

The commission tackled the questions raised about al Qaeda and conflict diamonds on page 188 of its 585-page report. The full text of its report pertaining to the alleged use of diamonds to finance al Qaeda terrorist activities is as follows:

"Al Qaeda has been alleged to have used a variety of illegitimate means, particularly drug trafficking and conflict diamonds, to finance itself," it stated. "While the drug trade was a source of income for the Taliban, it did not serve the same purpose for al Qaeda, and there is no reliable evidence that Bin Ladin was involved in or made his money through drug trafficking. Similarly, we have seen no persuasive evidence that al Qaeda funded itself by trading in African conflict diamonds."

Forecasts 7 Per Cent Plus Sales Boost From Customers This Summer, Bidding To Win 16 Kilos Of Gold In Prizes And A Chance To Win Back Half Their Purchase

DUBAI , 15 June 2004 : The Gold and Jewellery Group Dubai has forecast that its exciting summer

promotion will generate a massive sales boost to the 300-plus retail members participating in the 10-week event that will run alongside Dubai Summer Surprises from 17 June to 27 August.

As the reputation of Dubai grows internationally, Gold and Jewellery Group Dubai Chairman Tawhid Abdullah predicted that the massive promotion would significantly help in the campaign to make Dubai "The Jewellery Destination of the World". He said the Group was anticipating a sales increase of over 7 per cent as a direct result of the promotion.

Building on the success of the summer promotion in 2003, this year's event is anticipated to surpass last year when over 1.2 million coupons were given away to over 370,000 shoppers in gold and jewellery outlets during the summer months.

This promotion is being run in conjunction with the World Gold Council and offers consumers three opportunities to win through:

• A weekly draw to win one kilo of gold - in total 10 kilos of gold
• Thousands of instant scratch n' win prizes to win a total of 6 kilos of gold
• The chance to win back half of the purchase price of jewellery - up to a maximum payback of AED 1250

Launching the 2004 Promotion, Mr. Abdullah, said: "This is our biggest summer promotion to date and offers a true gold and jewellery surprise to our customers during the summer. As Dubai prepares to welcome hundreds of thousands of visitors the superb quality, range and most competitive prices in the world will once again make gold and jewellery stores a magnet for shoppers."

"With an estimated 90 per cent of all visitors to Dubai buying jewellery we are anticipating another great summer and expect to see sales rise considerably compared to last year. The world class quality and range of our product and the fantastic offer we are launching will also further strengthen Dubai 's growing reputation as the jewellery destination of the world," added Abdullah.

Mr. Abdullah said that sales could increase by as much as Dhs 20 million on last year generating a major boost to the industry in Dubai .

World Gold Council Managing Director, Middle East , Turkey and Pakistan , Mr. Moaz Barakat added: "This promotion comes on the back of a booming year for the industry in Dubai that saw retail gold sales increase by over 41 per cent in the first quarter of 2004 compared to the corresponding quarter a last year."

"The World Gold Council is totally committed to the UAE market place and we are delighted to be working in partnership with the Gold and Jewellery Group Dubai to offer both local residents and summer visitors a fantastic promotional offer to add to the range and quality of the gold and jewellery on display," Mr. Barakat stressed.

One of Dubai 's strongest attractions for both its cosmopolitan population and multinational tourists is the sheer range and diversity of styles ranging from jewellery made in the UAE to distinctive Indian styling and Italian designs - allowing the visitor to always find something to suit their taste and their pocket.

"Today Dubai is quite simply the best place in the world to buy gold and jewellery. There is no place that can match it - which is why so many of our visitors always visit the Gold Souk or other outlets to buy jewellery. This summer's fantastic 10-week promotion is set to further attract visitors and we are looking forward to a hugely successful promotion," concluded Mr. Abdullah.

Over 300 members of the Gold and Jewellery Group Dubai are participating in the summer promotion. Jewellery purchase for AED 250 at any participating outlet will entitle customers to get a chance to win.

GOLD AND JEWELLERY GROUP DUBAI HOSTS AN EXCLUSIVE GALA DINNER FOR TRADERS AND CUSTOMERS

Dubai, May 11, 2004: The Gold and Jewellery Group Dubai (G&JG) hosted a spectacular gala dinner for all its members at the Intercontinental Hotel in Dubai. The theme on the evening was based on the famous James Bond film Goldeneye.

The gala gathering was held to celebrate another successful year for the gold and jewellery trade. The evening witnessed a number of Group members and partners receiving Special Appreciation and Star Performer Awards for their contribution to the ongoing success of the industry in Dubai.

Tawhid Abdullah, Chairman Gold and Jewellery Group said: "I'm extremely delighted at continuing success of the group. The gala evening is to appreciate the support and loyalty that we have received from all our valued members and recognise the key contributions made by them."

GOLD AND JEWELLERY GROUP DUBAI SETS MEMBERS CHALLENGE TO DOUBLE TURNOVER IN NEXT TWO YEARS

Challenging Benchmark Set By Group Chairman Tawhid Abdullah At Annual Gala Gathering of Dubai 's Gold and Jewellery Trade

DUBAI : 9 May, 2004: The Chairman of the Gold and Jewellery Group Dubai, Tawhid Abdullah, has outlined his ambition for the trade in Dubai to double its existing turnover over the next two years.

Mr. Abdullah set the challenging benchmark to over 500 of his colleagues in the Group at the organisation's annual gala gathering at the Intercontinental Hotel in Dubai that celebrated another record-breaking year for the gold and jewellery trade.

The gala evening, at which a number of Group members and partners were given awards for their contribution to the ongoing success of the industry in Dubai , this year had a special James Bond "Goldeneye" theme to add drama and excitement to the gathering.

During a keynote opening speech, Mr. Abdullah said: "Tonight I would like to set our Group the challenge of doubling the turnover of our industry in the next two years. I believe market conditions are right and the major developments planned for Dubai over the next 24 months will help us to meet this new challenging benchmark of success."

An anticipated significant increase in visitor numbers, of whom between 90 and 95 per cent would be expected to buy jewellery in Dubai , improved marketing and merchandising by the Gold and Jewellery Group Dubai, the opening of new malls and specialist retail outlets will all help to stimulate sales, argues Mr. Abdullah.

"Our industry has grown and prospered over the past decade through setting ourselves ambitious, but achievable targets. I am confident that given the strength and buoyancy of our trade and the retailing excellence of our members we can reach this new target.

" Dubai remains the most dynamic and vibrant jewellery market in the world and the efforts of our members has led to our Group and its activities becoming increasingly noticed all over the world," added Mr. Abdullah.

During the Gala Gathering Mr. Abdullah and Group Vice-Chairman Mr. Hani Rashed Al Yateem awarded six Special Appreciation Awards given by the Group Board for their achievements in helping the development and success of the gold and jewellery industry in Dubai . The six recipients were Hussain Al Jaziri, Legal Adviser, Marwan Bin Bayat, DTCM, Mohammed Badri of Dubai Municipality , Andre Bisang, Chief Advisor to the Group, D V Pathy, Conference Committee Member, GJG and Chetan Karani, Chairman Basel Organising Committee, GJG.

Star Performer Awards were given to 20 leading jewellers based on their performance in retail promotional activity over the past two years. The awards are designed to foster healthy competition among Group members to maximise the impact of retail promotions, increase sales and enhance customer satisfaction.

Since its creation in 1996 the Gold and Jewellery Group has grown to its present membership of over 520 members drawn from across the spectrum of the industry to include retailers, bullion traders and manufacturers.

The Group has led the way in the creation of pioneering retail promotions and has firmly established Dubai on the world stage as the City of Gold and Jewellery.

As the Group has matured and developed it has now become increasingly active on the international industry stage, hosting two major international conferences and taking a leadership position in meeting the challenge of marketing jewellery internationally to meet the growth of consumer lifestyle and fashion products.

The successful launch of the Dubai Pavilion at the recent Baselworld Conference is now set to be followed by growing participation by the Group at major international jewellery industry events where Dubai can be positioned as one of the world's most dynamic and important hubs for the gold and jewellery industry.