Latest news with #Dhanak
Gulf Insider
15-05-2025
- Business
- Gulf Insider
Dubai Gold Price Lowest in 30 Days
The Dubai gold rate is now at its lowest level in 30 days at Dh352 for a gram of 22K as the metal sheds more of the unprecedented price increases seen in recent weeks. This was helped by another sharp fall in global billion rates today, with the local rate now lower by Dh8.25 over the last 24 hours. But shoppers in the UAE are still not convinced this would be the right levels to get back in. Instead, many shoppers are casting their eyes to prices seen in March, when there had been days when it was just under Dh340. 'Shoppers have been sitting on the sidelines this week – I don't think even cutting making charges or as some do offering 'no making charges' will bring back demand for now,' said a jewellery retailer. 'The sentiment among shoppers is that the Dubai gold rate can drop even further.' Several times in the last 12 months, gold prices have dropped – and even given the impression that a proper rate correction is on the cards. All that it did was leave shoppers disappointed because within 24-48 hours, prices would rush back to previous high levels – and go further. 'A realistic price for gold would be in the region of $3,000-$3,100 an ounce,' said a gold wholesaler. 'Right now, the level is around $3,150. This is why there are shoppers thinking they are better off waiting.' Jewellery retailers such as Kanz Jewel's Anil Dhanak has always maintained that shoppers will find their own reason to buy gold. And that a rush to buy need not happen at the first sight of a fairly sizable price drop. 'Weddings and anniversaries and any other occasion dictates whether a shopper wants to buy now or later,' said Dhanak. 'If there is no pressing reason, they wait.' If the softer gold price levels continue, shoppers in the UAE can expect a rush of new promotions timed for the pre-summer holiday breaks. 'If these savings can help lower the per gram price by another Dh3-Dh5, then that can help shoppers,' said a retailer. But right now, shoppers' attention is on whether prices can go down to Dh350 a gram levels… Also read: Dubai Named World's 4th Smartest City
Khaleej Times
07-03-2025
- Business
- Khaleej Times
Kanz Jewels wins 'Retail Jeweller Middle East Contemporary Diamond Jewellery Award 2025'
Kanz Jewels, a renowned name in the UAE's jewelry industry, has once again solidified its reputation as a leader in fine jewellery by winning the Retail Jeweller Middle East Contemporary Diamond Jewellery Award 2025. This prestigious accolade recognises Kanz Jewels' dedication to exceptional design, meticulous diamond selection, and masterful craftsmanship, reinforcing its position at the forefront of the industry. This achievement is a testament to Kanz Jewels' relentless pursuit of innovation and perfection, ensuring that every diamond piece reflects the highest standards of artistry and quality. With an unwavering commitment to creating stunning, timeless designs, the brand continues to captivate jewelry lovers across the region. The awards ceremony, held in Dubai, brought together the most distinguished names in the jewellery industry. Arjun Dhanak, director of Kanz Jewels, proudly accepted the award on stage, emphasizing the brand's dedication to pushing the boundaries of fine jewellery. Expressing his gratitude, Dhanak stated: "Winning this prestigious award is a true honor for Kanz Jewels. It reflects our passion for fine craftsmanship and our commitment to delivering designs that truly resonate with our customers. This recognition inspires us to continue setting new benchmarks in the world of diamond jewellery." With a legacy built on excellence, Kanz Jewels remains a trusted name in gold and diamond jewellery, offering masterfully crafted pieces that seamlessly blend tradition with modern elegance. As the brand continues to innovate and refine its artistry, Kanz Jewels reaffirms its position as a powerhouse in the world of fine jewellery.
