The Saudi Arabia’s Ministry of Industry and Mineral Resources has established a non-profit association focused on precious metals and gemstones, aimed at developing the industry and its products, encouraging innovation, empowering designers and artisans, and supporting their creative solutions.
This initiative to form association for precious metals and gemstones aligns with the efforts of Ministry of Industry and Mineral Resources to empower non-profit organizations in the industry and mining sectors, by recognizing their role in supporting the economic and social development of the kingdom.
The strategic objectives of the association for non-profit precious metals, gemstones support the goals of Saudi Vision 2030. This includes the development of local content in gemstones and precious metals, support for creative industries, empowerment of women and youth, and raising professional standards for designers through training programs, workshops, and professional certifications.
The precious metals and gemstones association will also provide technical and financial support, production grants to local stakeholders, and enhance the participation of Saudi Arabian artisans and designers in specialized exhibitions both locally and internationally.
The organization further aims to promote sustainability and encourage compliance with responsible environmental practices in the precious metals and gemstones industry. This move is expected to not only increase global visibility for Saudi designers but also support the growth of a vibrant and innovative jewelry and gemstone industry rooted in local heritage.
Additionally, the precious metals and gemstones association seeks to build a unified professional community through a digital platform that connects investors and practitioners in the metals industry within an interactive environment, while linking artisans and designers to value chains.
