Egypt’s gold and jewelry exports recorded an exceptional leap in 2025, rising 157% year-on-year during the first 10 months, according to data released by the Gold and Precious Metals Division at the Federation of Egyptian Industries. Export proceeds reached $6.76 billion between January and October 2025, compared to $2.63 billion in the same period last year—marking the sector’s strongest performance on record.
Ehab Wassef, head of the division, said the surge reflects a fully integrated export strategy built over the past year, centred on targeted market research, diversified global outreach, and increased participation in major international trade fairs. Egypt has also broadened its export destinations across Asia, Europe, and the Arab region, significantly expanding its commercial footprint.
Wassef explained that the division has placed heavy emphasis on elevating product standards to meet international specifications, supporting R&D in jewelry design and manufacturing, expanding financing to SMEs, and launching specialised training centres to upskill local talent. These steps, he noted, have sharpened Egypt’s competitive edge and strengthened the industry’s presence in global markets.
The division’s roadmap also prioritizes simplifying export procedures and cutting bureaucratic hurdles, with an eye toward sustaining at least 15% annual growth in gold jewelry exports through 2030. The long-term vision, Wassef said, aims to position Egypt as a leading regional hub for gold manufacturing and design.
He projected that sector exports are on track to exceed $7.05 billion by the end of 2025—a new all-time high for the national gold and jewelry industry. Egypt is increasingly shifting toward exporting finished jewelry products rather than raw materials, supported by wider global marketing campaigns and the potential establishment of international promotion offices.
On the domestic market, gold prices have shown significant volatility throughout 2025. The price of 24-karat gold climbed from EGP 133,355 per ounce at the start of the year to EGP 207,675 per ounce by 20 October, an increase of roughly 44.55%. Local retail prices followed the same upward trajectory, with 21-karat gold rising from about EGP 3,720 per gram to nearly EGP 5,000 by mid-year. Prices later saw mild corrections toward November, reflecting shifts in local demand and fluctuations in international bullion markets.
The combination of rising external demand, improving product quality, and continued expansion of local manufacturing capacity is reinforcing Egypt’s emergence as a growing force in the global gold and jewelry economy.
