Al Ittihad newspaper – AED 4.5 billion from Abu Dhabi on the pearl trade within 8 months

The total value of the emerald's pearl, precious stones and precious metals trade amounted to 4.5 billion AED in the first eight months of 2018, up 7.1% compared to the same period in 2017.
The pearl and gemstone trade of the emirate since the beginning of this year and until the end of last August accounted for 57.6% of the total trade value of these produced by the emirate throughout 2017.

The Emirate of Abu Dhabi and the United Arab Emirates are generally ranked among the most famous pearl and gemstone trade countries, one of the oldest traditional occupations of the citizens in recent decades.

Traders in the sector said the demand for pearls and precious stones was still satisfactory, both inside and outside the United Arab Emirates. Expressing their confidence in the continuation of activity in the demand for these products during the next phase.
Official figures for this trade show that imports of pearls and precious stones in Abu Dhabi reached AED 3.7 billion, or 4.8% of total emirate imports in the first eight months of the year. 2018, for a total of 76.4 billion AED. Statistics of Abu Dhabi.

In terms of exchanges of re-exports of pearls, precious stones and precious metals, the value of exports for the period from January to August of this year amounted to 171 million dirhams, which represents 1 % of the total re-export trade of the emirate of Abu Dhabi, which reached about 16 billion dirhams.

On the export side, the value of AED 637 million represented 4% of Abu Dhabi's total exports during the same period.