450 jewellers take part at Middle east expo

More than 450 jewellers and retailers from across the world, including India, showcased their designs at the Middle East watch and jewellery exhibition in Sharjah.

The 29th edition of the annual expo witnessed over 57,000 visitors and buyers.

Exhibitors saw a significant rise in demand for gold and diamond jewellery by residents and visitors seeking investment options. Majority of the exhibitors booked their participation in advance for the next expo to be held from April 5 to 9, 2011.

'The increase in visitor numbers along with the reported higher quality of buyers has confirmed what we were saying in the run up to the show, that there is a still a strong move by investors at all levels to move towards hard assets' such as Gold and Diamonds,' said Saif Al Midfa, Director General of Expo Centre Sharjah.

Apart from India and the middle east, exhibitors also came from the US, China, Japan, Armenia, Italy, Lebanon, Myanmar, Singapore, Thailand, Turkey and Malaysia.

--IANS/WAM

source: http://sify.com/finance/