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How much do those big necklaces in Dubai Gold Souq cost?

by | Feature

Feb. 27, 19 | 3:10 pm

Have you ever walked alleys of Dubai Gold Souq and noticed those enormous pieces of gold jewelry that are enough to cover a person’s entire torso?

Has it ever crossed your mind how much those cost? Or how much physical strength it would require to wear them because they do look heavy?

In a YouTube video by vlogger Sami Asim posted on February 1, he gave his viewers an idea about this as he toured the gold market with fashion blogger Juliah and they tried on some gold accessories.

They started to try out some of the usual necklace and earrings, but at one point of the video, Juliah and Sami transferred to a store to try on the big necklaces.

Juliah first tried on a gold necklace that goes from her neck all way down to her upper thighs. Sami held the necklace to find out how heavy it is and he was taken aback by its weight. The dealer said that the necklace alone is worth Dh115,000 (P1.6 million).

If the necklace that Juliah wore was made of 24K gold, it weighs around 720 grams based on current gold retail price. But if it’s made out of other types of gold, it would be heavier.

The dealer then asked Juliah to try on more accessories with her necklace, including a headpiece, cuffs, and earrings, which collectively costs Dh170,000 (P2.4 million).

Juliah and Sami also said in the video that, considering the size of those accessories, the price of gold in Dubai is cheap and buyer would get a good deal.

Another YouTube video from the channel Iram’s World of Jewellery showed a slideshow of the different necklaces sold in the Dubai Gold Souq, and they weigh from 205 grams to 800 grams. Assuming they are all made of 24K gold, these necklaces would cost from Dh33,000 (P465,000) to Dh128,600 (P1.8 million).

According to Dubai Gold and Jewellery Group, the current price of 24K, 22K, 21K, and 18K gold per gram is at Dh160.75, Dh151.00, Dh144.00, and Dh123.50, respectively.

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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