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Dubai Gold & Jewellery Group expects 15% gold sales increase |
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1/9/2007 8:57:39 AM |
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Dubai Gold & Jewellery Group (DGJG) expects an additional 15% increase to its initial estimate of AED 800 million in gold and jewellery sales during DSF 2006-07.
Tawhid Abdullah, Managing Director, Dubai Gold & Jewellery Group said: “Considering a year on year growth of 70% reported by 350 participating member outlets, we expect to cross our initial projected target of AED 800 million sales by an additional 15% by the end of the shopping festival.”
During the 13 day festival in 2005 which coincided with Christmas, Eid and New Year, turnover from participating jewellery outlets stood at AED 279 million. Comparatively, during the first 13 days of the current festival, the total turnover was AED 440 million. |
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