International provider of gems rents three warehouses overlaying complete space of 12,000sqft

Saud Salim Al Mazrouei, director of Sharjah Airport Worldwide Free Zone Authority; and Dev Shetty, founder and CEO of Fura Gems, on the inaugration of the brand new facility. — Equipped photograph

Fura Gems, a number one international mining firm of colored gems, has formally inaugurated its new facility on the Sharjah Airport Worldwide Free Zone (Saif Zone)’s gold, diamonds and commodities Park, a full-fledged and extremely specialised jewelry manufacturing unit.

The worldwide mining firm introduced it’s increasing its operations in three warehouses, comprising a 12,000sqft space, with the brand new facility seen because the cornerstone of Fura’s regional and international enlargement plans and a base for development from the Sharjah Airport Worldwide Free Zone.

The brand new facility, which hires a extremely certified workforce with in depth expertise in sorting and grading gems in response to color, readability, and measurement, was opened by Saud Salim Al Mazrouei, director of Sharjah Airport Worldwide Free Zone Authority, and Dev Shetty, founder and CEO of Fura Gems, within the presence of senior officers from each side.

Accompanied by quite a few Saif Zone officers, Al Mazrouei toured the newly inaugurated grading plant and was briefed on the method of mining treasured gems, emeralds, rubies, and sapphires from Colombia, Mozambique, and Australia, along with the grading means of tough gems earlier than being provided on the market to potential clients.

International hub for gems

Commenting on the event, Al Mazrouei stated: “Having a number one firm like Fura Gems becoming a member of Saif Zone is one more testomony to the success of our technique aiming to make the Emirate of Sharjah a world centre for gems, diamonds, and gold by way of the Gold, Diamonds and Commodities Park, which provides world-class infrastructure that completely meets the wants of companies wanting ahead to increasing their operations into some of the essential markets on this planet.”

He went on to say that the UAE is the most important and quickest rising hub within the jewelry business, with its commerce in polished diamonds increasing by 52.5 per cent, and its general commerce reaching $19.8 billion within the first half of 2022, a rise of 24.7 per cent yearly.

Financial diversification

“Since day one, the Gold, Diamonds and Commodities Park has aimed to help Sharjah’s strategic goals of diversifying the financial system and creating new sectors that may cement the nationwide financial system and gasoline the event course of. Subsequently, we’re dedicated to strengthening the park’s place and enriching its conducive atmosphere with new amenities, logistical companies, and a easy and quick licensing system.

The park is just not solely distinctive for its world-class infrastructure and 24/7 safety companies, but in addition for its proximity to crucial diamond and gold manufacturing and manufacturing facilities in numerous continents of the world, along with its state-of-the-art transportation community that connects the complicated with main international markets. All these benefits made it a favoured vacation spot for corporations trying to develop and thrive within the gold and jewelry business,” Al Mazrouei acknowledged.

International hub for jewelry

For his half, Dev Shetty famous that the choice to open the group’s grading facility in Saif Zone was based mostly on a number of issues, together with the free zone’s strategic location and its main fame as a world hub for gold, diamonds, and gemstone commerce, along with the truth that it provides superior amenities and adopts a distinguished set of regulatory mechanisms and worldwide greatest practices.

“Fura’s enterprise entails a big quantity of imports and exports from mining areas to grading models and from grading models to respective worldwide clients. Fura wanted to be in a free zone that’s designed to supply such amenities. Saif Zone meets the standards and in addition provides high quality warehouses with ample pure mild and enhanced electrical energy provision,” Shetty stated.

He clarified that the brand new facility will present Fura’s purchasers with an built-in package deal of custom-made companies, including that the corporate employs a number of specialists with in depth expertise within the gemstone markets of Thailand, Sri Lanka, and different worldwide markets, and they’re certified as gemmologists from reputed establishments such because the Gemological Institute of America (GIA), Asian Institute of Gemological Sciences (AIGS).

Fura is right now a number one international provider of all of the three precious-colored gems, emeralds, rubies, and sapphires. Inside 6 years of operations, Fura constructed 3 mining operations in 3 nations and a world-class grading facility in Sharjah, UAE. Not too long ago, Fura introduced the most important gem-quality ruby ‘Estrela De Fura’, a whopping 101 carats in tough mined from its mining operations in Mozambique.

Along with providing limitless amenities and companies to buyers, Saif Zone’s gold, diamonds and commodities park additionally provides fast-business license issuance procedures (inside one hour), gives higher worth for cash, numerous banking companies, and a variety of areas to go well with all wants at reasonably priced costs, along with huge logistical and administrative companies that embrace safety, telecommunication, and visa companies, on-site lodging, along with 100 per cent company or private revenue tax exemptions, and 100 per cent import and export tax exemptions.

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