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FINANCIAL NEWS
Saudi trade in precious stones hits USD5 b annually
06 Apr 2014
(MENAFN) Saudi Arabia’s portion of global trade in precious stones reached 20 percent, according to Arab News.
Annual Saudi trade in precious stones is estimated USD5 billion in volume out of USD25 billion of the global volume.
Zuhair Nawab, head of the Saudi Geological Survey, said it is expected to find diamonds in old and sedimentary rocks of the Kingdom, adding: “This possibility, however, necessitates more geological surveys to ascertain their availability,”
Head of the National Center for Complementary Medicine Dr. Abdullah Al-Baddah said: “No scientific evidence exists to prove the viability and effectiveness of treatment with precious stones.”
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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