The Dubai Jewellery Group (DJG) has signed a Memorandum of Understanding (MoU) with the Gold Association of Guangdong Province in China.

The agreement aims to strengthen the cooperation between the gold and jewellery sectors in Dubai and China, including Mainland China, Hong Kong, and Macao, by facilitating market access for companies represented by both entities and creating new opportunities for commercial collaboration.

The MoU was signed by Tawhid Abdullah, Chairman of the Dubai Jewellery Group, and YE Yongguang, Vice President of the Gold Association of Guangdong Province, during the Dubai Business Forum – China, organised recently by Dubai Chambers in Shenzhen.

The MoU covers several areas of cooperation, including exploring ways to support Chinese member companies of the Gold Association of Guangdong Province in promotional activities in international markets, as well as strengthening communication and collaboration across the gold and jewellery sector.

It aims to leverage Guangdong’s manufacturing and processing strengths to support jewellery production and related trade activities in Dubai.

In addition, the MoU promotes cooperation across the jewellery sector’s value chain, including the supply of raw materials such as precious metals, diamonds and gemstones, as well as jewellery manufacturing, processing, distribution and trade facilitation.

Established in 1996, the Dubai Jewellery Group comprises approximately 600 companies representing various segments of the gold and jewellery sector, including bullion and precious metals trading, gold and diamond jewellery manufacturing, wholesale and retail, and the trading of diamonds and pearls.

Courtesy: AOJ DESK NEWS