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 $203 million in pearl sales in January and over $192 million 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 $974.342 million.
Egypt's pearl exports reached $149.627 million in March, $250.518 million in April and $178.17 million in May. The sale of pearls in May 2020 increased by $90 million since May of 2019.