The Gold & Jewellery Market
Dubai is a major player in the world gold market. Several refiners are present in both Dubai and other Emirates in addition to major importers and import/re-exporters of both bullion and scrap gold.
In addition to trade in the physical metal, Dubai boasts by far the largest concentration of Jewellers in the wider Middle East region who encompass both wholesale and retailers of gold and diamond jewellery, other gem dealers, and jewellery manufacturing units.
PWS Gulf Capability
PWS Gulf has long been a significant regional player in both the Jewellers insurance and reinsurance market as well as being able to offer special coverages for melting and casting and refining companies. In addition, PWS Gulf has certain overseas clients in producer countries who ship gold to Switzerland, London, and Dubai.
The placement of risks in the Jewellery industry is facilitated through the use of the PWS Gulf’s in house binding authority arrangements. This enables a quick response time on quotations for Stock, local and international Sendings, Entrustments, Exhibitions, and Fidelity risks. Please note a proposal form is always required prior to quoting/binding.
PWS Gulf provides both wholesale services to insurers and brokers as well as a retail service.
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