Dubai: Dubai’s gold and jewellery trade is not waiting around for prices to subside from current levels and shoppers to return. They are using the in-between time to get their entire workforce vaccinated against COVID-19 and inspire confidence when shoppers turn up.
More than 3,000 from the sector had their jabs during a three-day vaccination drive, which will continue to “ensure that the full workforce of the sector is vaccinated at the earliest,” according to the Dubai Gold & Jewellery Group.
It s needed too. Apart from the added protection against COVID-19 related risks, this is one retail category that still relies mostly on direct shopper interaction at the stores. Our plan is to have all the customer-facing staff vaccinated well before May 14, which is when Akshaya Trithiya is celebrated this year, said the CEO of a leading jewellery firm.
Dubai gold and jewellery industry initiates mass vaccination for all retailers and staff Filed on April 25, 2021
As the UAE marches ahead with plans to vaccinate 100 per cent of the country s population by the end of this year, Dubai Gold & Jewellery Group (DGJG), the largest trade body for the jewellery industry, facilitated one of the largest mass vaccination drives for jewellery retailers of Dubai.
Under the patronage and support of the Criminal Investigation Department and Dubai Police, over 3,000 members from the gold and jewellery sector were provided with the vaccines during a three-day vaccination drive that was organised in association with Mohammed Bin Rashid University of Medicine and Health Sciences. The vaccination drive will continue in the coming weeks to ensure that the full workforce of the sector is vaccinated at the earliest.
For over a century, traders have travelled to Dubai s Souks in search of spices, pearls and gold. With such a strong trade, Dubai became known as the City of Gold .
In the first nine months of 2020, gold trade in the country was valued at 41 billion euros, according to Dubai Customs. It is the city’s most lucrative export after oil. Dubai has capitalised on its geographical position by setting up gold vaults, jewellery-making facilities and refineries.
The entire gold chain
At Al Etihad Gold, they refine and convert gold into investment-grade bars. They supply bullion banks and traders, but also jewellery wholesalers. The whole process is carried out on the premises. Al Etihad also holds the Dubai Good Delivery accreditation which is an international benchmark for quality and technical specifications.
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