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Saudi Arabia Launches the 'Precious Metals and Gemstones Association' to Support Innovation and Empower Artisans

Waleed Farouk 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. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results