Dubai-Jaipur Pact Boosts UAE-India Jewellery Trade

Klaus Schmidt · 2026-07-08

A new agreement between Dubai and Jaipur is set to strengthen the already strong jewellery trade ties between the UAE and India. The Dubai Jewellery Group (DJG) recently signed a Memorandum of Understanding (MOU) with the Jewellers Association Jaipur (JAS), marking a big step forward for both industries. This partnership isn't just a formality. It's about creating real opportunities for businesses on both sides. For US professionals working in the jewellery or gemstone sector, this deal could open up new supply chains and investment avenues. ### What the MOU Actually Means At its core, this agreement aims to make it easier for jewellers in Dubai and Jaipur to work together. We're talking about sharing market insights, collaborating on trade shows, and streamlining the process of buying and selling. Think of it like this: instead of each jeweler navigating a complex international market alone, they now have a formal framework to connect. That saves time, reduces risk, and builds trust. ### Who Was in the Room? The signing ceremony brought together some big names. The UAE delegation included: - Tawhid Abdullah, Chairman of Dubai Jewellery Group - K. P. Abdul Salam, Treasurer of DJG and Vice Chairman of Malabar Gold & Diamonds - Saeed Al Ghanim, CEO of Memoire Jewellery - Amit Dhamani, Joint Secretary of DJG and CEO of Dhamani Jewels - Mamta Maria, General Manager of DJG - Anurag Sinha and Ashish Garg, Board Directors of DJG On the Indian side, Raju Agarwal Mangodiwala, President of the Jewellers Association Jaipur, represented the Jaipur market. Jaipur is a major hub for gemstone cutting and jewellery manufacturing, so this connection is a big deal. ### Why This Matters for the US Market You might wonder how a deal between Dubai and India affects you. Here's the thing: Dubai is a global trading hub. A lot of the diamonds and gemstones that end up in US jewelry stores pass through Dubai first. By strengthening ties between Dubai and Jaipur, this MOU could lead to: - More competitive pricing on finished jewellery - Better access to unique, handcrafted pieces from India - Faster shipping times as trade routes become more streamlined - Increased transparency in the supply chain ### The Bigger Picture This isn't just about one agreement. It's part of a larger trend. The UAE and India have been deepening their economic relationship for years. Trade between the two countries is already worth billions of dollars annually. For jewellery specifically, Dubai acts as a bridge. It connects Indian craftsmanship with global buyers, including those in the United States. This MOU just makes that bridge a little stronger and a lot more reliable. ### What Comes Next Both groups have promised to follow up with concrete actions. Expect more joint trade missions, shared data on market trends, and maybe even some exclusive deals for members of the Dubai Jewellery Group and the Jewellers Association Jaipur. If you're in the jewellery business in the US, now might be a good time to start a conversation with your counterparts in Dubai or Jaipur. The door is opening wider, and the timing could be perfect.