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UAE gold jewellery sales up 17% in 2008
- United Arab Emirates: Tuesday, March 17 - 2009 at 10:52
Gold jewellery sales in the UAE increased by 17% in 2008 to cross Dhs13.7bn compared to Dhs11.4bn in 2007, according to the World Gold Council. While jewellery accounts for 90% of total consumer demand, net retail investment witnessed strong growth of 38% in the last quarter of 2008 compared to the same period of the previous year.
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StaffTuesday, March 17 - 2009 at 10:52 UAE local time (GMT+4)
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