After all, the UAE is noted for its tax-free shopping and highly competitive jewelry industry, making it the world's third-largest diamond trade hub. It's no surprise that many residents (both locals and visitors) have an opinion about the city's shops and bargains. Many people are enticed to purchase Diamond Bracelets in Dubai.
According to UAE law, all jewelry merchants shall have certificates for each purchase of a diamond piece. Although this bill was enacted with good intentions to protect consumers, can be used to assess the consistency of a diamond. This allows for various third party jewelery and metal commodity insurance and safeguarding once investment in other European countries likewise
To be sure, jewelers who market diamonds without a credible GIA / I.G.I/ HRD study inflate the diamond's attributes . If you want to buy Diamond Pendants in Dubai, you must be cautious. and only look for the international accredited certification or the companies own authentication and certification with the companies stamp recognized by the authority
Another unique tradition to Dubai diamonds is that they are customarily sold free in a sealed case. It means that you won't be able to examine the diamond in detail or measure its light value until you pay a deposit and complete the transaction. This is not the case in GIA certified diamonds, as these are open and can be felt my holding them on your palm and consists of a laser engraving number which is unique and can be differentiated among other diamonds of same or similar in nature,
When diamonds are traded between wholesalers and dealers, invariably they are sealed and unopened.
Since the UAE is the world's third-largest trade center, Al-Mas Tower is the periphery in Dubai, you will find diamond certificate subsidiaries such as HRD, IGI located in the same building. And this is the only place in the entire middle east which has the landmark for such certified laboratory located in close proximity to each other. It merely means that more hands are going through Dubai's diamond flow.
And it would be best if you foresaw a price spike every time a diamond switches hands, as dealers take their share.
Dubai is a hub of diamond imports whilst guaranteed less prices from all over the world. Even though the jewelries and diamonds are imported from different countries but don't affect market prices and re-exports are handled form Dubai into rest of the European and U.S.A markets.
You're on the right path if you are planning to get your dream ring from Dubai.
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