• HSBC

Unique Japanese jewellery manufacturing unit opens at Gold & Diamond Park

  • United Arab Emirates: Saturday, May 10 - 2003 at 10:26
  • PRESS RELEASE

A substantial contribution to jewellery manufacturing standards in the UAE has been made with the opening of the country's first international jewellery casting unit. This unique facility has been opened by Yasui Japan and is located at the Gold & Diamond Park, the UAE's exclusive jewellery and manufacturing outlet.

Commenting on the opening, Mr. Mohammed Al Falasi, Manager, Property Management, EMAAR Properties said: "We are honoured to welcome Yasui to the Gold & Diamond Park. Their presence reinforces our role in contributing to Dubai's reputation in jewellery manufacturing by providing world-class facilities and products. Through this new partnership, we will continue to provide benchmarks for quality, technology and innovation for the benefit of our customers."

Based in the Park's manufacturing section, the unit, which is called Harmoni, uses the latest Japanese technology and machinery to cast gold and silver jewellery. Through the use of Yasui casting machines, digital vacuum wax injectors and transfer technology, the casting process ensures world-class quality, with minimum gold loss. In addition to casting services, jewellery factory design services and high quality tools will be on offer to the Park's retailers and manufacturers.

Commenting on contributing to the reputation of Dubai as the City of Gold, Mr. Shozui Yasui, Managing Director of M.Yasui & Co Ltd Japan said: "Dubai's excellent reputation as a centre for jewellery manufacturing is on the rise and we aim to initiate further growth and strengthen our bond with both Dubai and the industry. Through Harmoni and our representative Middle East office Diamond Tools Trading, we aim to serve our customers across the Middle East and Indian subcontinent."

Mr. Manan Desai, Centre Manager of Gold & Diamond Park further added: "Harmoni brings together Japanese technology and jewellery casting expertise. Their presence allows us to add a reputable Japanese machinery manufacturer to our already impressive tenant list which includes brands such as Damas, Mont Blanc, ARY Jewellers and Prestige Gallery. Harmoni is also strengthening the reputation of the industry by offering contract casting services and sales of jewellery manufacturing machinery and tools to jewellers and manufacturers."

Presently, the Park comprises 30 retail outlets and 118 manufacturing units. Through a long-standing agreement with Jebel Ali Free Zone, the Park has full free zone facilities, including 100% foreign ownership, making it a competitive place to shop and an enviable location for retailers and manufacturers

The Park offers 18 K, 21 K, 22 K & 24 K gold and diamond jewellery, certified HRD, IGI and Dubai Municipality Diamonds, semi precious and precious stones cut in Belgium, Thailand, India, Africa, besides those cut in-house itself. Fresh and Seawater Pearls from Tahiti and Australia, in different lustres and colours, are also available.
From left to right: Mr. Shouzi Yasui from M.Yasui & Co Ltd Japan, Mr. Mohammed Al Falasi from EMAAR and Mr. Harry Gidwani from Yasui Middle East and Mr. Manan Desai from Gold & Diamond Park (GDP) at the official opening of Harmoni at GDP 
From left to right: Mr. Shouzi Yasui from M.Yasui & Co Ltd Japan, Mr. Mohammed Al Falasi from EMAAR and Mr. Harry Gidwani from Yasui Middle East and Mr. Manan Desai from Gold & Diamond Park (GDP) at the official opening of Harmoni at GDP
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About EMAAR Properties PJSC
EMAAR Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of $6 billion, the Company's vision is to 'Shape the Future of Dubai' by focusing on innovation, meticulous planning and the continuous pursuit of excellence. The Company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base.

Currently, it has eight major real estate projects under various stages of development. These developments include Dubai Marina, Arabian Ranches, Emirates Hills, The Meadows, The Springs, The Lakes, The Greens and EMAAR Towers in downtown Dubai. The company also owns and manages the Gold and Diamond Park and will soon launch on its ambitious plans to build Burj Dubai - the tallest skyscraper in the world.

While EMAAR continues to actively pursue expansion in its core business of innovative, high quality real estate development it has diversified into related business lines to further build value for its 41,000 shareholders. In line with this corporate belief, EMAAR also owns and manages four subsidiaries - Dubai Bank, focused on retail and commercial banking, Amlak Finance, the UAE's first and only mortgage finance company, EMRILL, a joint venture with the UK-based Carillion plc which provides innovative property and facilities management services, and it technology and communications company, Sahm Technologies.

For further information, please contact:
Christa Vander/Sameh Hamtini
ASDA'A Public Relations
Burson-Marsteller exclusive Middle East affiliate
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556

Shatha Al Rumaithy
EMAAR Properties
Tel: +971-4-399 3366
Fax: +971-4-399 2292

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