Brisk start to first edition of VicenzaOro Dubai
DUBAI, April 23, 2015 – Footfall was busy on day one of the first edition of Vicenza Oro Dubai, a four-day trade show set to consolidate the position of Dubai as a major jewellery capital in the Middle East.
More than 500 exhibitors, many of them from Italy, India and Hong Kong, joined the international business-to-business trade show in the Dubai World Trade Centre (DWTC), which was expected to attract around 6,000 buyers.
The event, which runs from April 23 to 26, 2015, is organized by DV Global Link, a joint venture company between Vicenza Fair and DWTC.
“It is the most important decision I have taken as President of Vicenza Fair – to make this partnership with Dubai happen,” Vicenza Fair President Matteo Marzotto told a news conference on April 23.
The biggest contingent among the exhibitors were Italian manufacturers, looking to boost sales to Gulf Arab markets.
The number 1 export market of the Italian gold jewellery sector is the United Arab Emirates.
Corrado Facco, Managing Director of Vicenza Fair, said the weak euro against the U.S. dollar would benefit Italian gold jewellery exports to leading markets such as the Middle East Gulf and the United States this year.
Tawhid Abdullah, Chairman of the Dubai Gold and Jewellery Group, said he expected that a slippage in numbers of Russian luxury tourists to Dubai this year, following a sharp slide in the rouble, would be compensated by increased spending by Indian and Chinese visitors.
VicenzaOro Dubai included an India Pavilion, featuring 110 stands, and a smaller Hong Kong Pavilion, as well as a large stand dedicated to the latest jewellery designs from Greece.
The show also incorporated loose gemstones, and diamond grading labs, including Solitaire Gemmological Laboratories (SGL), which has expanded its presence in Dubai and Saudi Arabia.