Gold has proved itself that in times of difficulty it helps
The Art of Jewellery|May 2020
Chandu Siroya is Vice Chairman of Dubai Gold & Jewellery Group and Managing Director, Siroya Jewellers, Dubai. In an exclusive interview with Sumesh Wadhera, Managing Director and Chief Editor, The Art of Jewellery, he shares his view on the current business scenario in UAE and the way forward.
Sumesh Wadhera
Gold has proved itself that in times of difficulty it helps

Chandu Siroya

Vice Chairman of Dubai Gold & Jewellery Group and Managing Director, Siroya Jewellers, Dubai.

Most of the jewellery shops in Dubai are open now. Lockdown restrictions have been lifted, how is the response after the lockdown and how is Dubai market doing?

Chandu Siroya: Dubai Al Ras area, which is the place where the gold Souk is located, was actually one of the most severely hit during the COVID crisis. There was a complete long down meaning almost a curfew and nobody was allowed to leave their houses also. But government was very helpful at that time. They gave us limited access. 20 companies were allowed to visit offices; we were allowed access to our offices under police supervision. So, people could pay their margin calls and they did not suffer too much because otherwise the banks would have fixed their position if they could not do that margin cost. For last few weeks we are open gradually picking the trade. Initially we had 50 shops opened, then it reached a hundred. It reached 150. And today, almost all the shops are open.

AOJ: coming to the impact of the Coronavirus and also the various activities the government of Dubai has taken, please share if any CSR activity has been done by jewellers in Dubai and your members of jewellery group.

Chandu Siroya: The first and foremost is, we have requested all our members not to fire any staff. So, the number of job losses are still limited and that is as of today. But if the markets do not improve, it might change. Golden jewellery group, as such, has not done any CSR activities as yet because a lot of CSR activities are being done by the government themselves.

Bu hikaye The Art of Jewellery dergisinin May 2020 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye The Art of Jewellery dergisinin May 2020 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

THE ART OF JEWELLERY DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
HRD Antwerp opens diamond and jewellery grading Office in New Delhi
The Art of Jewellery

HRD Antwerp opens diamond and jewellery grading Office in New Delhi

НRD Antwerp celebrated the opening of its new office in New Delhi. Together with the Belgian embassy, a Puja ceremony was held in the new office on Bank Street in Naiwala, Karol Bagh.

time-read
1 min  |
April 2024
This Vishu, welcome the New Year on a special note with Platinum Jewellery
The Art of Jewellery

This Vishu, welcome the New Year on a special note with Platinum Jewellery

As Vishu, the cherished Malayali spring festival, approaches, the anticipation of new beginnings and fresh aspirations fills the air in Kerala and parts of Tamil Nadu.

time-read
2 dak  |
April 2024
Bharat Diamond Bourse Hosts Lunch meeting for the Cricket Legend Sir Geoffrey Boycott and UK Deputy High Commissioner Harjinder Kang
The Art of Jewellery

Bharat Diamond Bourse Hosts Lunch meeting for the Cricket Legend Sir Geoffrey Boycott and UK Deputy High Commissioner Harjinder Kang

The iconic Bharat Diamond TB Bourse (BDB) was honored to host an exclusive luncheon and conversation event featuring two distinguished guests: the legendary cricketer Sir Geoffrey Boycott and Harjinder Kang, UK Deputy High Commissioner for Western India &Trade Commissioner for South Asia.

time-read
1 min  |
April 2024
A Glimpse into the GIA Alumni Collective, Chennai Chapter "Meet and Greet" Event
The Art of Jewellery

A Glimpse into the GIA Alumni Collective, Chennai Chapter "Meet and Greet" Event

this insightful: evening featuring a aia discussion on Bridging Getections in the Jewelry Industry’ was hosted during the GJIIF 2024, Chennai.

time-read
2 dak  |
April 2024
Malabar Gold & Diamonds Achieves Record Annual Turnover Exceeding Rs 50,000 Crore Indian Rupees
The Art of Jewellery

Malabar Gold & Diamonds Achieves Record Annual Turnover Exceeding Rs 50,000 Crore Indian Rupees

Malaba alabar Gold & Diamonds announces a milestone achievement with an annual retail global turnover of Rs 51,218 Crore Indian Rupees in the last financial year.

time-read
2 dak  |
April 2024
Gold prices are on fire Gold prices have been on fire, jumping 20% in just the past 2 months.
The Art of Jewellery

Gold prices are on fire Gold prices have been on fire, jumping 20% in just the past 2 months.

That takes gold t toa near-doubling since pre-pandemic, when it was meandering aicnge at cil 1500. While going to press it closed above 2400.

time-read
3 dak  |
April 2024
Celebrate the auspicious occasion of Gudi Padwa with rare and precious Platinum
The Art of Jewellery

Celebrate the auspicious occasion of Gudi Padwa with rare and precious Platinum

As Maharashtra and other A western states of India rejoice in the festive spirit of Gudi Padwa, people embrace the rich traditions of the Marathi new year.

time-read
2 dak  |
April 2024
Divine Solitaires launches Solus, a range of premium yellow diamond jewellery
The Art of Jewellery

Divine Solitaires launches Solus, a range of premium yellow diamond jewellery

Divine Solitaires, launched its premium range of vivid and intense yellow diamond jewellery under the name of Solus by Divine Solitaires. These rare and premium, natural yellow diamonds evoke the warmth of the sun and brilliance of a stars.

time-read
1 min  |
April 2024
Shaping the Future of Gem & Jewellery Industry with Design Gallery Initiatives and Gem and Jewelry Career Center by GIA India
The Art of Jewellery

Shaping the Future of Gem & Jewellery Industry with Design Gallery Initiatives and Gem and Jewelry Career Center by GIA India

In an exclusive interview at IIJS Tritiya in Bangalore, Sriram Natarajan, Managing Director of GIA India speaks to Sumesh Wadhera, Chief Editor, AOJ about \"How Design Gallery initiative encourages Budding Designers\" and on the sideline he also talks about creating job opportunities through Gem and Jewelry Career Center by GIA India

time-read
2 dak  |
April 2024
GJEPC unveils exclusive Gem & Jewellery Show in Jaipur for international buyers
The Art of Jewellery

GJEPC unveils exclusive Gem & Jewellery Show in Jaipur for international buyers

GIBPC JEPC hosted the 3rd edition of International Gem & Jewellery Show (IGJS) in Jaipur. The event, powered by Gemfields, is being held from 12th to 14th April at Novotel Jaipur Convention Centre, Jaipur.

time-read
2 dak  |
April 2024