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UAE to be top Italian jewellery market
- United Arab Emirates: Wednesday, January 16 - 2008 at 10:59
The UAE will soon become the top export market for Italian jewellers, replacing the US, reported Reuters. Maurizio Castro, director general of Vicenza Fair, said that 'maybe in 2008 and certainly in 2009 the Emirates will become the main export market for Italian jewellery'. A quarter of export-oriented Italian jewellery used to be sold to the US market, but the strength of the euro against the dollar and high import tariffs have made Italian jewellery too expensive for many US consumers in the last few years.
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Jeff Florian, Senior ReporterWednesday, January 16 - 2008 at 10:59 UAE local time (GMT+4)
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