Dubai’s vibrant melting pot of cultures has given birth to a thriving Indian jewellery market. The city is a lucky recipient of India’s goldsmithing tradition, which spans an incredible 5,000 years, making it a wise investment in the world of precious metals and gemstones. The fact that more than 90% of rough diamonds globally are polished and cut in India strengthens the investment narrative.
India’s close business ties with Dubai, once forged on the pearl trade, have evolved into a flourishing jewellery industry. Notably, three of Dubai’s largest jewellery brands, Joyalukkas Jewellery, Dhamani Jewellery, and the Pure Gold Group, have Indian roots. These companies, along with numerous others, offer an array of traditional and contemporary Indian jewellery to cater to Western and international tastes while preserving the charm of Indian craftsmanship.
The high demand for traditional Indian jewellery in Dubai has been met by establishments like Meena Jewellers. However, the less traditional Indian jewellery makers also thrive, merging international tastes with Indian aesthetics, leading to creations that have a broad appeal and fetch high prices in the market.
Investors and jewellery aficionados alike should be aware of specific traditional Indian pieces, each holding a unique appeal and significant investment potential:
Bangles: Indian women often wear numerous bangles, and owning an elaborate collection is considered a status symbol. They are a staple in Indian jewellery, making them a stable investment.
Kadas: These extra-wide, highly decorative Indian bracelets showcase exquisite craftsmanship, which reflects in their price, making them a valuable asset.
Mangalsutras: A marriage of artistry and tradition, Mangalsutras are ornamental necklaces with large, intricate pendants. Their rich detailing often involves gold and gemstones, adding to their investment value.
Tikkas and Ear Chains: Though not worn as frequently today, these pieces can command high prices due to their unique design and the rarity of their use.
Rings: Unlike Western cultures, rings in India are worn on fingers, toes, and thumbs. The variety adds to their appeal and investment potential.
Hair Jewellery: This category of Indian jewellery decorates hair and face, giving it a unique appeal in the international market.
Bridal Indian Jewellery: Known for their extravagance, these jewellery pieces often include a combination of necklaces, earrings, bracelets, and hair jewellery. Their complexity and quality make them a lucrative investment.
In recent years, particular collections and brands have seen significant price increases. For instance, Joyalukkas’ ‘Maya’ collection and pieces from Dhamani’s ‘Pink Diamond’ series have appreciated considerably over time. However, these increases are not just limited to high-profile brands. Local stores like Mahallati Jewellery and Devji Aurum have also witnessed similar trends with their diverse collections.
Furthermore, with the rise of cryptocurrency, buying jewellery with digital currency is becoming increasingly common. It offers both convenience and potential financial gains due to the volatility of the crypto market. Given the timeless appeal and long-standing tradition of Indian jewellery, it’s a solid investment, whether you’re dealing in traditional currency or crypto.
To conclude, the Dubai Indian jewellery market offers a blend of beautiful designs and substantial investment opportunities. Whether you’re an investor or a lover of fine jewellery, the diverse range of Indian jewellery in Dubai warrants your attention. Their potential for appreciation in value makes them not just symbols of beauty and tradition, but profitable assets too.