Archive · 24 Sep 2025
Dubai Jeweler Cuts Imports as Gold Prices Rise
Bafleh Jewellery, a big importer of Indian jewelry in Dubai, is buying less jewelry.
They've reduced their imports by 20-30% because gold prices have gone up a lot.
The price of gold jumped from $2,200 to $3,600 per ounce.
They are also planning to sell jewelry made with less gold (14-karat) to make it more affordable.
Bafleh has many customers in Africa who prefer heavier, traditional designs.
The company still values Indian craftsmanship.
Rising gold prices are making it harder for jewelry businesses to make a profit.
Bafleh Jewellery, a Dubai-based importer, reduced its Indian jewelry imports by 20-30% .
Gold prices surged from USD 2,200-2,500 to USD 3,600 per ounce.
The company plans to introduce 14-karat jewellery.
African buyers prefer heavy jewellery sets with traditional designs.
Bafleh Jewellery has won awards for the highest imports from India.
- Who
- Bafleh Jewellery
- What
- Reduced import volumes of Indian jewellery
- When
- First eight months of the current financial year
- Where
- Dubai
- Why
- Due to rising gold prices
- Company
- Bafleh Jewellery
- Location
- Dubai
- Import Reduction
- 20-30%
- Gold Price Surge
- USD 2,200-3,600 per ounce
- New Product
- 14-karat jewellery
- African Market Focus
- Heavy, traditional designs