CORE BUSINESS
We deal in the most highly placed form of mining; artisanal and small scale mining. Artisanal and small-scale mining and refining, though informal in nature, the sector represents an important livelihood and income source for the poverty affected local population. About 100 million people – workers and their families - depend on artisanal mining compared to about 7 million people worldwide in industrial mining. Our expertise both in local and international trade gives us an edge over our competitors.
GOLD
The earliest recorded metal employed by humans appears to be gold. From being valued as a global currency to a commodity to investment to an object of beauty, gold is considered pure and elite.
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Strong growth in jewelry demand in UAE
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More than two-thirds of gold’s total accumulated holdings is with central banks’ reserves, private players, and held in the form of high-karat jewelry.
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Dubai is under UAE liberalized gold regime.
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Istanbul, Dubai, Singapore, and Hong Kong are doorways to important consuming regions.
SILVER
Silver has long been valued as a precious metal. Other than in currency and as an investment medium (coins and bullion), silver is used in solar panels, water filtration, jewelry, high-value tableware and utensils.
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Silver exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal.
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In UAE, the real industrial demand occupies a small share in the total industrial demand of silver.
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Silver is predominantly traded on the London Bullion Market Association (LBMA) and COMEX in New York.
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Silver prices are normally quoted in troy ounces. One troy ounce is equal to 31.1034768 grams.
DIAMONDS
Diamonds are one of the best-known and most sought-after gemstones. Diamonds are such a highly traded commodity that multiple organizations have been created for grading and certifying them based on the "four Cs", which are colour, cut, clarity, and carat.
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Diamond stones are weighed in carats (1 carat = 200 milligrams) and in points (1 point = 0.01 carat).
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The presence or lack of fluorescence also affects the desirability and thus the value of a diamond used for jewelry.
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Government policies in UAE such as zero taxation and minimal duty on luxury products are the two major aspects that are fostering the growth of UAE gems and jewelry market
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Dubai exports its diamonds to about 180 countries worldwide