Egypt gold, jewelry exports surge 157% in 1st 10 months of 2025
Ehab Wassef, head of the division, attributed the spike to a comprehensive export strategy that prioritizes targeted market analysis, expanded participation in international exhibitions, and broadening Egypt’s export footprint across Asia, Europe, and the Arab region.
Wassef noted that the division has been working to upgrade product quality to meet global standards, support research and development (R&D) in jewelry design and manufacturing, expand financing for small and medium-sized enterprises (SMEs), and establish training centres to enhance the skills of local workers.
These efforts, he said, are helping reinforce the sector’s competitiveness in international markets.
The division’s plans also focus on easing logistical procedures and cutting bureaucracy for exporters, with a commitment to sustaining annual growth of at least 15 percent in gold jewelry exports through 2030.
Wassef said this aligns with an ambitious vision to position Egypt as a regional hub for gold and jewelry production.
Record export levels expected by year-end
Wassef projected that sector exports will exceed $7.05 billion by the end of 2025, reaching the highest level in the history of Egypt’s gold and jewelry industry.
He added that Egypt aims to shift all gold exports toward finished jewelry products and step up global marketing efforts, including through international marketing offices if needed.
He stressed that Egyptian jewelry has reached high-quality levels, driven by rapid growth in local manufacturing.
Since the start of 2025, gold prices in Egypt have shown significant volatility and an overall upward trend.
The price for 24-karat gold rose from a low of about EGP 133,355 per ounce at the beginning of the year to a peak of EGP 207,675 per ounce by 20 October 2025, reflecting an increase of approximately 44.55 percent over the year.
Throughout 2025, prices fluctuated in response to global market conditions and currency exchange rates.
Local gold prices, such as 21K and 24K, also followed strong upward momentum during the first half of the year, with 21K gold increasing from about EGP 3,720 per gram early in the year to nearly EGP 5,000.
Toward November, gold prices experienced some minor corrections and fluctuations driven by shifts in local demand and global bullion market movements.