Abu Dhabi’s Pearl trade reaches AED 1.72 billion in January 2019

25-04-2019 Media in\ Abu Dhabi

The value of trade in the Emirate of Abu Dhabi from pearls, precious stones and precious metals reached AED 1.72 billion in January 2019, the same value as in the same month of 2018.

Figures from the Abu Dhabi Center for Statistics show that pearl and precious stones accounted for 9% of Abu Dhabi’s total non-oil trade in January, amounting to 19.2 billion dirhams.
The stability of Abu Dhabi’s trade at the previous levels reflects the continued demand for this type of commodity, according to traders working in the sector, stressing that the coming period will see demand growth at higher rates on this commodity.

The value of Abu Dhabi’s exports of pearls and precious stones reached AED 1.45 billion at the end of January, accounting for 26.5% of the Emirate’s total non-oil exports of AED 5.47 billion, according to figures released by the Abu Dhabi Statistics Center.

At the level of re-exports of pearls, precious stones and precious metals, the value of the re-exports of the Emirate of Abu Dhabi amounted to AED 16 million.
On the import side of the commodity, the value during January was AED 254 million of Abu Dhabi’s total imports during the same period of AED 9.44 billion.
It is noteworthy that specialized international institutions classify the Emirate of Abu Dhabi and the UAE as one of the most famous countries in the trade pearls and precious stones, knowing that the profession of diving pearl search is one of the oldest traditional occupations practiced by citizens.