Egypt’s exports of bijou and valuable stones elevated throughout H1 of 2022 by about 30% to about $827 million in comparison with $638 million, year-on-year.

The month-to-month report issued by the Export Council for Constructing Supplies, Refractory & Metallurgy Industries (ECBM) said that through the first 6 months of 2022, Egypt exported jewellery and valuable stones to 38 international locations, of which 18 weren’t included final yr. These new markets embody Tanzania, Algeria, China, Singapore, Serbia, Japan, Netherlands, Switzerland, Togo, Qatar, Greece, Czech Republic, Cyprus, Madagascar, Hong Kong, Austria, Belgium, and Morocco.
The report identified that the United Arab Emirates and Canada accounted for 99.6% of the whole exports of bijou and valuable stones, noting that exports to the UAE rose through the H1 of 2022 by about 60% to $442 million in comparison with $276 million, year-on-year.
Final yr, exports to Canada additionally grew by about 50% to $382 million, in comparison with $255 million.
However, Egypt’s exports of bijou and valuable stones to Germany fell inside 6 months by about 55% to report $273,000, in comparison with $603,000.
Exports to Italy elevated by 2% to report $247,000 in comparison with $242,000, whereas it achieved an enormous progress of 1556% to america to about $68,000, in comparison with $4000 throughout the identical interval final yr, the report added.