Dubai gold and diamonds March-June trade hits $18bln

  • Date: 21-Sep-2020
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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Dubai gold and diamonds March-June trade hits $18bln

Dubai's gold and diamond air cargo trade amounted to AED67.1 billion ($18.27 billion) between March and the end of June 2020, Dubai Customs has revealed. Statistics released by Air Customs Center Management at Dubai Customs show that the diamond and gold trade from March 1 to end of June comprised AED35.6 billion of imports (428.8 tons), AED38.5 million (877 kg) transferred into the free zone, AED471.7 million (2.1 tons) of re-exports “transit”, AED29.4 billion (161.2 tons) of exports, and AED1.4 billion (8.3 tons), which entered the free zone. The Air Customs Center Management also completed 31,590 transactions including 17,169 import, 12,293 export and 89 re-export transactions. In terms of value, gold and jewelry accounted for AED5.6 billion, raw diamonds AED5.7 billion, polished diamonds AED3.6 billion, diamonds powder AED503,300, gold powder AED31.3 million, gold