International News
Sharjah Jewellery Expo Shines with Guinness World Record Gold Gown as Global Designers Gather
“World’s heaviest gold gown unveiled as over 500 global exhibitors and 1,800 designers gather at Sharjah’s premier jewellery showcase.”
The 56th edition of the Watch & Jewellery Middle East Show opened in dazzling style at Expo Centre Sharjah, unveiling a historic centrepiece — the “Dubai Dress,” a luxurious gown crafted entirely from 21-karat gold that has officially set a Guinness World Record as the heaviest gold dress in the world.
Weighing an impressive 10.0812 kilograms and valued at AED 4.6 million, the gold masterpiece was created by Al Romaizan Gold & Jewellery and features four intricate components: a crown, necklace, earrings, and a traditional “Hiyar” piece. The ensemble instantly captivated visitors, becoming the marquee attraction of the five-day show.
The prestigious opening ceremony was attended by leading dignitaries, including Abdallah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce & Industry, and Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah. Guests toured the expansive 30,000 sqm exhibition space, which showcases a curated selection of high-end jewellery, watches, diamonds, and gemstones.
With participation from over 500 exhibitors and 1,800 designers, the event reinforces Sharjah’s growing status as a global hub for jewellery trade. Exhibitors hail from around the world, with new additions from Australia, Myanmar, and Pakistan, joining returning luxury brands from Italy, India, Türkiye, China, the UK, and the United States. Notably, 68% of the exhibitors are from outside the UAE, underlining the show’s international appeal.
Chairman Al Owais praised the event for its role in positioning the UAE as a leading gold and jewellery destination and for its support of local talent through the “Emirati Goldsmiths” initiative. CEO Midfa highlighted the exhibition as a vital platform for networking, innovation, and expansion in the region’s thriving jewellery market.
As the exhibition continues, the glittering “Dubai Dress” is expected to draw thousands of visitors, setting the tone for a show rich in artistry, craftsmanship, and global connections.
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- Gold and silver surged to new all-time highs, with gold crossing $4,600 and silver moving past $86, as investors rushed toward safe-haven assets. The rally was driven by rising concerns over the independence of the U.S. Federal Reserve, escalating geopolitical tensions, and renewed trade-related uncertainty.
- Market sentiment was rattled after U.S. federal prosecutors reportedly threatened action against Fed Chair Jerome Powell over comments made to Congress regarding a building renovation project. Powell has described the move as a “pretext” aimed at pressuring the central bank to cut interest rates, raising serious concerns about policy independence.
- Geopolitical risks continue to mount, with the U.S. stepping up its involvement in Venezuela, President Donald Trump warning of possible military action amid unrest in Iran, ongoing conflict in Ukraine, tensions between China and Japan, and renewed insistence by the White House on acquiring Greenland. Adding to the uncertainty, Trump warned that any country doing business with Iran could face a 25% tariff on all U.S. trade.
- U.S. officials also confirmed that President Trump will be briefed on Tuesday on potential responses to Iran, including sanctions, cyber measures, and military options—keeping global risk sentiment fragile and supportive for precious metals.
Technical Triggers
- Gold has decisively broken above its earlier resistance at $4,570, opening the door to higher levels. The next key targets are $4,745–4,750 (78.6% Fibonacci extension, ~Rs. 1,46,000) and $4,966–4,970 (100% Fibonacci extension, ~Rs.1,52,500).
- Silver’s rally also looks set to extend further. Fibonacci projections point toward $88 (~Rs.2,78,000) and $93 (~Rs.2,93,000) in the coming weeks, while $70 remains a strong support zone.
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4,300 / oz | $4,750 / oz |
| Gold | Indian | ₹1,34,000 / 10 gm | ₹1,46,000 / 10 gm |
| Silver | International | $70 / oz | $88 / oz |
| Silver | Indian | ₹2,25,000 / kg | ₹2,78,000 / kg |
Source:Augmont Bullion Report
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