The Increase in Exports of Gold Jewelry And Precious Stones

Egypt‘s exports of gold, jewelry and precious stones increased during the period from “January to November” of 2020, up about 56%, recording $ 2.791 billion compared to $ 1.790 billion during the same period in 2019.

The monthly report issued by the Export Council for Building Materials, Refractories and Metal Industries stated that during the 11 months of 2020 exports were made to about 30 countries, and there are nearly 5 countries that accounted for 98.8% of the sector’s total exports, which were led by the “United Arab Emirates“, which ranked first from Where countries importing jewelry and precious stones possessed 69.6% of the total exports of the sector with a value of $ 1.943 billion compared to about $ 1.198 million during the same period in 2019, with an increase of 62%, followed by Canada, which acquired 21.1% of the sector’s total exports with a value of 591 A million dollars compared to 563 million dollars, an increase of 5%, and “Australia” came in third place, for which exports witnessed a remarkable rise, registering a value of 187 million dollars against 2000 dollars.

Exports to “Switzerland” also increased, recording a value of 39 million dollars against 8 thousand dollars during the same period of the previous year. Egyptian jewelery and gem stones exports to “Turkey” amounted to about 12 million dollars compared to 108 thousand dollars, while “Bahrain” ranked The sixth in terms of importing countries with a value of 10 million dollars compared to 4 thousand dollars, followed by Lebanon with 5 million dollars compared to 1.03 million dollars, and the Kingdom of Saudi Arabia ranked eighth with a value of 3 million dollars compared to 27 million dollars, a decline of 88% .

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