Unique Arabian designs spark gold-buying spree among Bahrainis | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Unique Arabian designs spark gold-buying spree among Bahrainis | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Reported by Zahra Ayaz

Gold Jewelry shops are making more Arabian designs to cater to the increasing demand from the local market after the pandemic. Most of these jewellery shops used to focus on expatriates, especially before implementing VAT.

Several shops, including prominent brands, started to target the local Bahraini market since gold has become the latest trend for investment among Bahrainis. Shaji C.K Manager of Devji Retail Sales, told TDT that ‘the demand for gold went low during the pandemic, but the market has been stabilised. We focus more on locals and designing Arabic designs to cater to the local market.

“Customer, mainly those who buy gold for investment, buys gold when the price falls. So the demand also goes up with the price changes. Some of our outlets have more Arabic designs. We produce gold ornaments and diamonds within our factory unit in Bahrain.”

Another businessman from the same industry said, “To be honest, we didn’t anticipate sales to increase after the pandemic. Fortunately, Bahrainis started purchasing gold, boosting the jewellery business in Bahrain.

In addition, I could also see an increase in demand for silver.” Daily Tribune reported that the Domestic and Foreign Trade Department within