Saudi Arabia Launches the 'Precious Metals and Gemstones Association' to Support Innovation and Empower Artisans
In a strategic move aimed at advancing the jewelry and ornament sector, the Ministry of Industry and Mineral Resources in Saudi Arabia announced the establishment of the non-profit Precious Metals and Gemstones Association, with the goal of supporting local industry, encouraging innovation, and empowering national talent — including designers and artisans.
In an official statement issued on Monday, the ministry emphasized that the launch of the association falls within broader efforts to enable non-profit organizations in the industrial and mining sectors, based on a firm belief in their role in driving economic and social development, in line with the objectives of Saudi Vision 2030.
Strategic Goals: Sector Growth and Talent Empowerment
The newly established association is designed to fulfill several key strategic goals, including:
Enhancing local content in the jewelry, precious metals, and gemstone industries.
Supporting creative industries and strengthening their presence in local and international markets.
Empowering women and young talents in the fields of craftsmanship and design.
Raising professional standards through specialized training programs, workshops, and accredited certifications.
Providing technical and financial support to Saudi designers and artisans, and boosting their participation in local and global exhibitions.
Focus on Sustainability and the Digital Ecosystem
One of the association's main priorities is to promote sustainability, particularly by encouraging environmentally responsible practices in the gemstones and precious metals sector. It also aims to build a unified professional community through a digital platform that connects stakeholders and investors within an interactive and collaborative environment.
This digital platform will feature tools to link artisans and designers with value chains, contributing to greater integration and a broader impact across the sector.
Aligned with Vision 2030 Objectives
The creation of the association is part of the ministry's roadmap to activate the non-profit sector's role in industrial and mining growth, increasing its contribution to the gross domestic product through initiatives grounded in innovation, capacity-building, and community engagement.
The association is expected to enhance the competitiveness of Saudi-made jewelry and ornaments, while opening new horizons for local designers to market their creations both domestically and globally — reflecting the Kingdom's cultural identity and rich heritage.
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