Thursday, January 29, 2009

Damas joins hands with World Gold Council to offer enticing DSF deals; Proposes 20kg of grand gold promotions to lucky winners

Dubai, UAE (January 15, 2009) – Damas, the leading international jewellery retailer in the Middle East, in association with World Gold Council is offering 20kg gold in retail promotion during the 32-day Dubai Shopping Festival (DSF).

On every purchase of gold and jewellery worth Dh500 at one of the participating Damas stores, the customer will be entitled to one raffle coupon and enter into a daily draw to win gold. This mega promotion offered during the biggest regional shopping bonanza will give five shoppers the chance to win 100gm of gold every day, and four lucky winners will also get an opportunity to win the grand prize of 1kg gold each.

Tawhid Abdullah, Managing Director of Damas, said: "During DSF, we witness at least 40 per cent increase in retail activities across our outlets. Damas as a support sponsor of DSF has once again entered in this annual event with the commitment to support the initiatives of Dubai Government to promote tourism in the city. Thus on this occasion, on behalf of Damas, I wish to extend our felicitations to the DSF authorities and the government of Dubai for holding this mega event with a lot of success year-after-year and supporting our retail initiatives.”

He added Damas has He added Halways created a lot of buzz during DSF by providing shoppers a rewarding experience and an opportunity to win big. “Though the world is passing through an economic meltdown but I’m sure more and more people will buy gold as it still is considered to be the safest investment,” he said. “Being an enthusiastic partner of the Dubai government, every year during DSF we reward our shoppers through great offers and this year is no different. The festival has grown rapidly in size and scope to become the largest and most dynamic festival of its kind in the world. It organizes hundreds of events, which are enjoyed by people of all ages. Thus once again we are offering the best promotions to benefit our patrons during this shopping extravaganza.”

Dubai has earned the title of ‘City of Gold’, and the continuous marketing efforts of retailers such as Damas and the World Gold Council and the annual promotions of its partners play a large role in creating awareness of this prestigious title locally, and internationally. The council has worked closely with the DSF authorities to promote Dubai as the main centre of gold in the region, since the launch of DSF.

Yogaani Bhatia, World Gold Council’s Jewellery Marketing Manager, UAE commented: “Dubai’s growing international trade makes it a very attractive hub and the gold trade continues to gain from this escalation. Dubai Shopping Festival persists to lure residents and tourists with its comfortable opulence combining it with exciting activities and the World Gold Council is both proud and pleased to extend its participation with Damas for this successful endeavour.

“Moreover, we strongly believe that providing marketing opportunities through such events escorts the gold industry to seek new heights in showcasing innovative and stylish gold jewellery. Gold’s universal role as a store of value has shone through 2008 helping attract investors and consumers to all forms of gold ownership. This makes World Gold Council optimistic towards 2009 and we assure constant support to the gold trade and industry who share our objective leading to a further market growth and penetration.”

World Gold Council’s continued participation in DSF reiterates the success of the event in terms of promoting gold sales. Such promotions have perfectly complemented the shopping festival and provided added-value to shoppers.

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