#AOJQuote of the day 7th March 2017:

“UAE introduced a 5% gold import duty from January 1, 2017. Hence, we imported the gold jewellery required to meet the demand for the Q1 of 2017 in Dec 2016. Our import of gold jewellery for the UAE market went up 400% in Dec 2016. Most companies operating in UAE would have done the same resulting in decline in Jan- Feb imports." -

 MP Shamlal, MD- International Operations, Malabar Gold & Diamonds