Diamonds and Gold Top UAE's trade
Source: Middle East Media LLC (6/6/11)
"Diamonds were the UAE's top import by value in the month. . ."
According to the new trade statistics, more than a third of the country's imports by value in February consisted of diamonds, gold and finished jewelry. The brisk trade in luxury goods comes as commodity prices rise across the board and gold trades at above $1,500 an ounce. Diamonds were the UAE's top import by value in the month, with Dh7.5B ($2.04B) of the stones brought in. Gold followed at Dh6.9B of imports and finished jewelry came in at Dh1.9B.