Weddings are driving massive demand for gold and jewellery in the UAE as gatherings and celebrations are on a much larger scale than during the pandemic period.
Besides, the drop in gold prices, which have come down to nearly 7-month lows recently, as well as recovery in seasonal demand are helping boost demand for jewellery in Dubai by around 20-30 per cent in September as compared to the previous month, say jewellers in Dubai.
The UAE has recently seen some large-scale Indian weddings taking place, including that of a relative of the LuLu Group family. Dubai will see another big fat Indian wedding in the coming weeks by the famous jewellery group Popley, which will be celebrated in the sky with 300 people onboard an aircraft.
Dubai has been emerging as a major wedding destination, as tourism authorities are promoting the emirate as a dream wedding destination for its ultra-luxurious hotels and venues, world-class expertise in hosting such events and plenty of sights and attractions for new couples and attendees.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
