New Market Study Published: Jewellery in the United Arab Emirates
The Indian government made a number of significant changes to legislation involving gold in 2013, with these having a marked impact on demand for gold and gold jewellery in the United Arab Emirates. In January of the year, the government increased gold import duties from 3% to 6%, subsequently further increasing this rate to 10% by August. This legislation dramatically increased the price of gold jewellery in India and encouraged tourists and expatriates to buy these products in the United...
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