From the unique magical attractions of the Gold Souk to hi-tech vending products which dispense gold bullion, once you check out Dubai, the precious metal is actually at your fingertips.
Dubai has long been synonymous with gold. The largest gold trading centre on the Middle East, the tale began more than a century ago once the emirate opened a small market by Dubai Creek(where now located lot of Dubai hotels). In the water’s edge a small cluster of merchants, eager to capitalize around the Dubai city’s tax-free trade, gathered to sell an array of wares and because of the emirate’s close proximity to India, the bazaar boomed as travelers on their way to the land of spice stopped to purchase treasures.
Subsequent these humble beginnings, the souk grew to get one of the largest on the planet. The initial growth occurred in the 1940s when wooden coverings, which are still existing these days, were put in to supply shelter for the distributors from the hot summer sun and winter weather. Within the Sixties the watercourse was increased to let for the improve in international trade and in the 1970s when the discovery of oil caused financial increase within the emirate, the souk encountered another swift enhance in commercial actions as guests from around the planet started to turn their attentions towards the burgeoning city. Well-known like a destination for visitors for shopping experience in Dubai malls and using a fancy for finery (in a snip in the value), it was around this time that Dubai chosen up the name, the ‘City of Gold’ and it’s borne the title actually given that.
Nowadays, the souk is progressed. But in spite of the growth, it’s nonetheless a tantalising introduction for the Arabian world. Even though the haphazard shacks and oil lamps of yesteryear have already been replaced by shiny store faces and neon illumination, the small alley sand typical wooden archways are nonetheless bursting using a quaint appeal, lending a cultural contact towards the gold buying adventure.
A visit to Dubai’s Gold Souk can be a rite of passage for all visitors and tourists appear from around the planet to shop for tax-free trinkets. But whilst most travelers share a curiosity in gold shopping – after all, no vacation to this city is total without a valuable purchase – various nationalities look for diverse designs of jewelry. They also have different criteria for the carat value of gold. According to figures set from the World Gold Council, 24 carats is pure gold and has to be no less than 99 % gold to become identified as such. Within the Indian subcontinent 22 carats may be the regular caratage. In Arab countries it is 21, in the US it is fourteen and in the Uk, 9. The global standard is 18.
When it comes to choices, western preferences tend to be fashion focused and motivated greatly by present tendencies. As an example, if Angelina Jolie is sporting a brand necklace or perhaps a charm bracelet, it’s most likely that Dubai’s bespoke jewelers is going to be inundated with requests from western travelers in search of exactly the same. Likewise, westerners lean in the direction of less complicated works. “Western clients typically wear 18-carat gold jewelry,” points out Raj Sahai, manager of retail for Damas. “They also seem to like the jewelry to be little to medium sized instead of too pretentious.”
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