Latest news with #ArakkalGoldandDiamonds
Khaleej Times
25-04-2025
- Business
- Khaleej Times
Arakkal Gold & Diamonds opens its largest and most innovative showroom in Sharjah
Arakkal Gold and Diamonds, renowned for its heritage, exquisite craftsmanship, and commitment to customer trust, is poised to unveil its largest and innovative showroom at Safari Mall, Sharjah, on April 27, 2025. This grand opening marks a significant milestone in Arakkal's journey as a global luxury jewellery brand, seamlessly blending tradition with innovation to deliver an elevated customer experience. To commemorate this landmark occasion, Arakkal has introduced over 500 kg of new gold designs, curated exclusively for 2025. Ranging from timeless classics to contemporary masterpieces, these new collections promise an exceptional piece for every discerning taste and cherished tradition. "This showroom is more than just a retail space – it's a reflection of our legacy and a celebration of our future," said Thanveer C P, chairman, at the press conference. "We've poured our heart into every detail to ensure it mirrors the elegance and grandeur our customers associate with the Arakkal name." The grand opening in Sharjah sets the stage for a year of significant expansion. In August 2025, Arakkal Gold and Diamonds will unveil a new showroom in Abu Dhabi, further solidifying its presence in the UAE. Looking ahead, the brand is preparing for a strategic expansion across the GCC, with new stores launching in Oman, Saudi Arabia, and Qatar by the end of 2025. Building on this regional success, Arakkal Gold and Diamonds will make its much-anticipated entry into the European market by 2026, bringing its signature blend of timeless craftsmanship and contemporary elegance to a global audience. "At Arakkal, we're not just selling jewellery – we're curating experiences," said Thahir Mohamed, managing director addressing the media. "From the moment a customer walks in, they're immersed in an environment of warmth, sophistication, and trust. Our new Sharjah showroom combines intricate designs, personalised service, and the best value for money – all while delivering collections that are timeless, trendsetting, and crafted with heart." With the launch of the Sharjah showroom, customers can anticipate:
Gulf News
24-04-2025
- Business
- Gulf News
Dubai gold price surprises shoppers with near Dh7 jump after 3 days of drops
Dubai: The Dubai gold rate has gained a near Dh7 a gram early today, which will come as a complete jolt to shoppers in the UAE who had been hoping for a third straight day of price softening. The local gold price for a gram of 22K is Dh374.75, while for the 24K version, it's back to over Dh400. (The 24K gram is now at Dh404.65.) Shoppers and gold sellers were hoping to see the Dubai gold rate drop further to around Dh360 for a 22K today as global markets returned to positive territory and there was less hard talk over US tariffs and removing the Federal Reserve Chairman. Between now and May 1 is a crucial period for gold shoppers given that the Indian festival of 'Akshaya Trithiya' falls on April 30. (This along with another Indian festive buying period on 'Dhanteras' and Diwali later in the year represent some of the highest volume sales phase for gold in the UAE, outside of promotions during Dubai Shopping Festival, Dubai Summer Surprises, etc.) Shoppers shouldn't lose heart, gold retailers say, saying there is still time for prices to soften. 'These days, the way gold is moving, anything can change in 24 hours,' said an FX analyst. 'Even within 24 hours.' Correction – but not a crash What shoppers should not be expecting to see is a downright 'crash' in gold prices. 'If in any of these days, gold closes below $3,280 an ounce, that's a crash,' said Anil Dhanak, Managing Director at Kanz Jewels. 'Until then, it's all more of a price correction.' Now, it's interesting that bullion prices did drop to around $3,260 an ounce levels for a brief while in these last few hours before powering up to trade at $3,336 now. That means more of a correction. Earlier this week, the 22K Dubai gold rate was at its highest point of Dh388 as gold prices pummeled its way through to $3,500 an ounce. (And looked good for some more climbs...) Then a lot happened in the US over the week to cool markets down, and gold prices dropped as well. Book or not? The other big question for gold buyers is whether it makes sense to book and lock in prices for Akshaya Trithiya or not. (Booking ensures that they benefit from any price drops between then and the day of booking. If prices shoot higher, then they can still buy at the pre-booked rate. The only condition is the buying must be done in 30 days or so.) "I would say any price around Dh360 a gram would have been good to book," said a shopper, who plans to pick up a couple of gold bars whatever the Dubai gold rate is on April 30. Meanwhile, new jewellery stores keep opening in the UAE, because at the end of the day, resident shoppers and visitors are not going to shed their preference for the yellow metal - or for diamonds. The Indian jewellery retailer Arakkal Gold and Diamonds opened its biggest showroom in Sharjah, at the Safari Mall. Not just that, brought out 500 kilos in new gold designs.
Zawya
23-04-2025
- Business
- Zawya
Arakkal Gold & Diamonds opens its largest and most innovative showroom in Sharjah
Sharjah, United Arab Emirates – Arakkal Gold and Diamonds, known for its heritage, craftsmanship, and trusted legacy, is set to unveil its largest and most innovative showroom at Safari Mall, Sharjah, on April 27th, 2025. This grand opening marks a key milestone in Arakkal's journey as a global luxury jewellery brand, blending tradition and modernity to enhance customer experience. To commemorate this landmark occasion, Arakkal has introduced over 500 kilograms of new gold designs, curated exclusively for 2025. Ranging from timeless classics to contemporary masterpieces, these new collections promise an exceptional piece for every discerning taste and cherished tradition. "This showroom is more than just a retail space – it's a reflection of our legacy and a celebration of our future," said Mr. Thanveer C.P., Chairman, at the press conference. "We've poured our heart into every detail to ensure it mirrors the elegance and grandeur our customers associate with the Arakkal name." The Sharjah grand opening kicks off a year of major growth for Arakkal Gold and Diamonds, with a new showroom launching in Abu Dhabi this August. By the end of 2025, the brand will expand into Oman, Saudi Arabia, and Qatar, followed by its European debut in 2026. "At Arakkal, we're not just selling jewellery – we're curating experiences," said Mr. Thahir Mohamed, Managing Director addressing the media. "From the moment a customer walks in, they're immersed in an environment of warmth, sophistication, and trust. Our new Sharjah showroom combines intricate designs, personalized service, and the best value for money – all while delivering collections that are timeless, trendsetting, and crafted with heart." With the launch of the Sharjah showroom, customers can anticipate: A world-class showroom experience featuring immersive design, a curated ambiance, and personalized service. A wide selection of meticulously crafted gold, diamond, and precious gemstone collections. Exclusive inaugural offers and exciting surprise giveaways during the launch week. Exceptional value for money, ensuring quality and trust in every exquisite piece. *Source: AETOSWire Contact Details: Sharanya Nair – Ad&M PR
