UAE jewellers have launched Diwali promotions with cashbacks and discounts.
Shoppers can expect a range of incentives, from instant refunds to reduced making charges, as the market gears up for the festival of lights.
Cashback and discount details
Bafleh Jewellery is leading the pack, offering up to 10% instant cashback on every piece of jewellery, according to its managing director Chirag Vora. Diamond jewellery enjoys a 50% discount, with an extra 10% instant cashback on top of the price cut. The combined savings make high‑value pieces more accessible for budget‑conscious buyers.
Tanishq is also in the mix, promising up to 25% off the value of diamonds and reduced making charges on both gold and diamond items. Niraj Bhakare, AVP and chief sales and marketing officer for International Business at Titan Company Limited, added that customers who exchange old gold will receive an additional Dh15 per gram and a full 100% valuation of the exchanged items.
Gold rate protection and price context
Several retailers are letting customers lock in the prevailing gold rate by paying just 9% of the purchase price upfront. If gold prices rise, buyers continue to pay the lower, locked‑in rate; if prices fall, they benefit from the lower market rate at settlement. The same outlets are selling 24‑carat coins, bars and jewellery at wholesale‑type prices.