Precious metal tattoos catch on in Dubai
One of the United Arab Emirates hosts a business that creates temporary tattoos consisting of gold, according to Reuters.
Though temporary, the tattoos consist of 99.9 percent gold or platinum and are suited for special occasions such as weddings. Charges for the service, which is available from two locations in Dubai, start at the equivalent of $50.
The past year's rise in gold prices sets the charge for the tattoo at a competitive rate. The idea derives from Japan and the business owner believed the idea would catch on in the UAE as women often take on henna tattoos for their weddings and other notable life experiences.
"It's a revolution in the body art business, it's the first time we can use 24 karat gold and platinum on skin," managing director Arnaud Flambeau with Flambeau Luxury Trading and Precious Skin told the news service. "We have had a lot of interest so far because it's a new idea and a new product that's between jewelry, makeup and accessories and it's a lot easier to make the decision to get a gold tattoo than buy new jewelry."
Lasting roughly one week, the tattoos are applied via a thin film of gold or platinum that later is affixed to flesh.
Flambeau said bigger, more detailed tattoo designs run significantly more expensive yet the popularity is key since the idea is novel.
He also said success thus far demands growth and development of the business, which he has planned.
"We plan to have a total of 25 branches in Dubai over the coming year and by January we will be in Saudi Arabia, Qatar and Bahrain," he told the publication.
MarketWatch reports the performance of gold prices on Monday was strong enough to push the precious metal to its top value in one week of trading sessions.
Drivers of the precious metal's climb in value on Monday include following global equity markets' upward swing and hopes the holiday shopping season in the U.S. will be strong after vibrant sales on Black Friday, the traditional kick-off for gift buying.
The value of the U.S. dollar also dipped on Monday, which typically means gold prices will climb.
"Gold prices rose in tandem with gains in the broad commodity space as a weaker dollar aided the demand for the bullion," stated a client note from analysts at India’s ICICI Bank according to MarketWatch.
At 4:11 p.m. on Monday, gold prices gained 1.72 percent, a $29 lift to $1,717.50 per troy ounce.





