Dubai Pearl Exchange

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Introduction (Dubai Pearl Exchange)

This platform was created in 2009. Dubai pearl Exchange was created to provide a central event and coordinating industry that leads individual and companies to share and come together to come up with information and insight to each other in the industry.

Skills and Expertise needed for cultural Pearl

It is worth to note that the pearl industry needs skills in getting the pearly from the sea (Eyring, Lim & Danish, 2014). The procedure of ensuring that the pearl are transformed to the right products, the ability of differentiating fake and real cultural pearl and skills on how to denote the price of pearl is worth to note as an expertise.

The price of Pearl

Pearls can be bought as follows: a 3mm south ocean refined pearl jewelry for $33.000 from Tanyaz gem dealers or for $160.000 from DPE. Accessory for $2,700 to $4,000.

The future for Pearl in UAE

The future about the pearl business in the UAE is bright. This is indicated in reports from Statistic Department of Dubai that showed the value of pearl trade in Dubai grew by 320 percent from $7 to over $30 million from 2009 to 2013 (Schwab, 2009).

References

Eyring, A. R., Lim, A., & Danish, T. (2014). Dubai Multi Commodities Centre Authority (DMCC): the transformation of a government-linked firm in Dubai.Emerald Emerging Markets Case Studies, 4(6), 1-19.

Schwab, K. (Ed.). (2009). The global competitiveness report 2009-2010. World Economic Forum.