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Qatar's Business Power Praised

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  • Qatar's Business Power Praised

    QATAR'S BUSINESS POWER PRAISED

    Gulf Times
    http://www.gulf-times.com/site/topics/articl e.asp?cu_no=2&item_no=201635&version=1&amp ;template_id=36&parent_id=16
    Feb 14 2008
    Qatar

    CLARITY, colour, weight and cutting are the four factors that influence
    the decision of buyers in diamond business, feels Lutwik Chakerdemeon,
    a trader representing a Lebanese ornament manufacturer at the Doha
    Jewels and Watches exhibition.

    Sharing his views on the growing jewels business in the GCC states,
    the Lebanese trader, whose Yeprem Jewellery is taking part in the
    exhibition for the first time, said few other countries of the region
    had the kind of business potential that Qatar has at the moment.

    Like in any business, every jewel customer is looking for discounts
    for his purchase and this is more discernible in virtually every deal
    executed at exhibitions like this.

    "However, no one would compromise on the quality of jewels at events
    like this even if discounts are given,"~] said Chakerdemeon, whose
    father started trading of jewels in 1964 in Beirut.

    "Like India, craftsmen from Armenia are in great demand in the diamond
    industry and you would come across artisans from the erstwhile Russian
    republic everywhere in the region's countries," said the trader.

    The Lebanese businessman feels that in the GCC states, in particular
    in Qatar and the UAE, there is no specific season for business.

    "Almost throughout the year, GCC nationals make purchases and now the
    tendency is to buy ornaments well in advance for daughters' marriage."

    A number of marriages take place at the advent of summer and actually
    many parents, especially mothers make purchases here for such weddings,
    pointed out Chekerdemeon.

    The trader feels that business is booming in Qatar in recent years
    and a number of manufacturers are focusing their attention these
    days on the country's ornaments market than ever before. 'Only when
    events like exhibitions are hosted, customer gets opportunities to
    know about more products available in the jewel industry,"~] he said.

    The trader, who employs more than 50 Armenian designers at his Beirut
    firm feels the participation at the Doha event would make his brand
    of ornaments popular among the clientele in Qatar.
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