Monday, January 9, 2012

Gold, diamonds remain second best in UAE 2012-2013

Continuing its golden tradition, the United Arab Emirates (UAE ) said gold and diamonds remained its most-traded goods outside oil.
DUBAI(BullionStreet): Continuing its golden tradition, the United Arab Emirates (UAE ) said gold and diamonds remained its most-traded goods outside oil.
According to country's Federal Customs Authority, UAE's gold imports for the first seven months stood at $2.53 billion, while gold exports for the same period totaled $1.6 billion.
Diamonds were the second-biggest non-oil import, with Emirate traders importing $1.11 billion worth of diamonds through July 2011.
Diamonds were also the top re-exported good (excluding oil) for the period, with diamond re-exports reaching $1.25 billion.

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