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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.

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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

  • 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.

  • Dubai is under UAE liberalized gold regime.

  • 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.

  • In UAE, the real industrial demand occupies a small share in the total industrial demand of silver. 

  • Silver is predominantly traded on the London Bullion Market Association (LBMA) and COMEX in New York.

  • Silver prices are normally quoted in troy ounces. One troy ounce is equal to 31.1034768 grams.

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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).

  • The presence or lack of fluorescence also affects the desirability and thus the value of a diamond used for jewelry.

  • 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

  • Dubai exports its diamonds to about 180 countries worldwide

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