Georgia earned $111.44 million from unwrought gold exports in January-September, up 28.9% year on year, Georgian media reported, citing Geostat.

Export volume nevertheless fell from roughly 1.6 tonnes to one tonne. Revenue therefore increased despite a reduction in the quantity of metal sold.

Switzerland remained the largest buyer, taking approximately 900 kg worth $100.05 million. The United Arab Emirates followed with $8.67 million and Turkey with $1.81 million.