Dubai’s gold and jewelry industry is poised for another strong year, with exports projected to grow by more than 5%, thanks in part to the earlier integration of 14-karat gold into local retail pricing and market displays. The move, implemented recently by the Dubai Gold and Jewellery Group, has already begun to show promising results — opening new international trade opportunities and expanding product diversity across the emirate’s retail and wholesale gold sectors.

The initiative aligns with Dubai’s ongoing efforts to stay ahead of global market trends and reinforce its position as one of the world’s leading hubs for gold and jewelry trade.

Meeting Global Preferences, Strengthening Dubai’s Export Role

Tawhid Abdullah, Chairman of the Dubai Gold and Jewellery Group, noted that the availability of 14K gold in Dubai meets the specific needs of international markets — particularly in Eastern Europe, the Commonwealth, the U.S., and Asia, where this gold purity is widely favored.

“Adding 14-karat gold to our product mix not only offers more choice to consumers locally but also enables Dubai-based traders and manufacturers to reach new global buyers,” Abdullah said. “It’s a smart step that strengthens our export potential and aligns with what many international importers are actively seeking.”

Importers who once had to rely on other markets for 14K products now have direct access through Dubai — a shift that is already encouraging more trade and partnerships.

Retailers Respond, Tourists Benefit

Many Dubai retailers have already adopted the new karat category, with further expansion expected in the coming months — particularly among companies focused on exports and international clients. Tourists from markets where 14K gold is popular are also finding greater value and variety, further supporting Dubai’s appeal as a gold shopping destination.

This consumer interest is complemented by Dubai’s global reputation for gold purity, craftsmanship, and competitive pricing — factors that continue to attract millions of gold buyers each year.

Strong Growth in Bullion, Steady Jewelry Demand

In addition to rising export potential, the local gold market has seen a sharp rise in demand for bullion. Since the beginning of 2025, demand for gold bars of various sizes has grown by more than 50%, fueled by increasing gold prices and a growing recognition of gold as a smart investment and savings tool.

Jewelry sales have also grown by about 5% during the same period. While not as dramatic as bullion, the growth is notable, especially amid fluctuating global prices. According to Abdullah, the steady rise in tourist numbers has also played a key role in sustaining demand for both bullion and gold jewelry throughout the year.

Boosting Local Industry and Global Reach

This expansion is not only about exports and tourism — it’s also a boost for Dubai’s local gold manufacturing sector. By introducing a wider range of gold purities, including the globally favored 14K, the emirate is supporting local artisans and manufacturers in creating products that meet international standards and demands.

The Dubai Gold and Jewellery Group continues to prioritize the development of locally made gold products, which are gaining increasing traction both within the UAE and abroad.