Specie

The Gold & Jewellery Market

Dubai is a major player in the world gold market. Several refiners are present in both Dubai and other Emirates in addition to major importers and import/re-exporters of both bullion and scrap gold.

In addition to trade in the physical metal, Dubai boasts by far the largest concentration of Jewellers in the wider Middle East region who encompass both wholesale and retailers of gold and diamond jewellery, other gem dealers, and jewellery manufacturing units.

PWS Gulf Capability

PWS Gulf has long been an active player in the Specie (re)insurance market and is also able to offer specialist coverages for melting, casting, and refining companies. In addition, PWS Gulf has certain overseas clients in producer countries who ship gold to Switzerland, London, and other international destinations.

The placement of risks in the jewellery industry is facilitated through the use of PWS Gulf’s in-house binding authority arrangements. This enables a quick response time on quotations for Stock, local and international Sendings, Entrustments, Exhibitions, and Fidelity risks.

PWS Gulf provides both wholesale services to insurers and brokers as well as a retail service.

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