ICA Dubai Opens

More than 100 exhibitors from the colored stones industry representing more than 20 countries converged Monday in Dubai for the ICA International Gem Show Dubai 2008.

Held for the first time in the Middle East, this three-day exhibition, held under the patronage of the Dubai Multi Commodities Centre, is organized by the International Colored Gemstone Association and supported by the Middle East GemBureau. It is being held at the Al Bustan Hotel and features leading names from the colored stones industry such as K Brunini Jewels, JOEB Enterprises, Canelhas, Pink Stone, and Tavares Gems.

Gemstones buyers and manufacturers from Australia, Brazil, China, Colombia, France, Germany, Hong Kong, India, Japan, Tanzania, Thailand, Turkey Russia, and the U.S. ate attending the show, show organizers said in a statement. Exhibitors have to be members of ICA or Dubai Gems Club and sign an ethics agreement to attend. While the first two days are dedicated to trade, a consumer day will be held on the last day of the exhibition where the general public can view and purchase jewelry pieces.

“We are very pleased with the response received for this gem show which underlines Dubai’s position as a new global hub for the trade of cut and rough coloured gemstones,” said Gaiti Rabbani, Executive Director, Coloured Stones and Pearls Division, DMCC.

Andrew Cody, ICA president, added: “Being strategically located amidst international trade flows, Dubai has emerged as an important center for precious commodities trade. In addition, the Government of Dubai and DMCC’s role in particular in further developing the colored stones trade has clearly positioned Dubai as the ideal location for a dedicated trade fair.

He added, “In spite of the uncertainty in the world’s financial markets, we had an excellent turn out. Colored gemstones are in high demand and I am confident we will see increased demand going forward as major fashion houses and designers around the world focus on color.”

Caption: Gaiti Rabbani (center), Executive Director, Coloored Stones and Pearls Division, DMCC, and Andrew Cody (at her right), ICA president, inaugurating the region’s first Gem Show in Dubai.