Egypt has exported large quantities of pearls and precious stones to the United Arab Emirates (UAE) since the beginning of 2020, the Egyptian government revealed in a statement according to RT News.
The statement noted that pearls topped the list of Egyptian exports to the UAE in 2020, resulting in over US$203M in pearl sales in January and over US$192M in February.
Official figures issued by the state-run Central Agency for Public Mobilisation and Statistics (CAPMAS) put the total for Egyptian exports of pearls and precious stones in five months at US$974.342M.
Egypt’s pearl exports reached US$149.627M in March, US$250.518M in April and US$178.17M in May. The sale of pearls in May 2020 increased by US$90M since May of 2019.
Source: Middle East Monitor