In Saudi Arabia, the jewellery market is currently buzzing with activity following the Saudi Founding Day (February 22) celebrations. As of February 23, 2026, many "Founding Day" offers have been extended through the end of the month, and retailers are already shifting focus toward Ramadan 2026 collections.
Top Brand & Retailer Offers
L’azurde Saudi Arabia
L’azurde is currently leading the market with significant price reductions across both their physical boutiques and online store.
* Unmissable Offer: They are offering 30% to 50% OFF on selected diamond and gold jewellery. This includes their high-end 18K gold "Floral" and "Link" collections.
* Founding Day Specials: For a limited time, traditional 21K gold sets (4-piece sets) are being showcased with heritage-inspired designs like the "Oval" and "Flower" sets, with prices starting around SAR 8,399.
* Miss L’ Promo: Use the online code LZ34 to get an additional 10% OFF on full-priced items from the contemporary Miss L’ line.
Al Romaizan Gold & Jewelry
* Heritage Focus: Following Founding Day, Al Romaizan is highlighting Najdi Style Jewelry. They are promoting 21K and 22K gold sets as both cultural staples and stable investments.
* Shipping Perk: They are currently offering fast 3-day shipping across KSA for all online orders, with guaranteed ethical sourcing for all gold and gemstones.
Damas Jewellery KSA
* Ramadan 2026 Preview: Damas has officially launched its Ramadan 2026 Collection, featuring the "Alif," "Amelia," and "Dome" motifs. Selected items in these collections are seeing introductory discounts of 20% OFF.
* Online Exclusive: You can use the promo code ACC90 or ALCOUPON at the Damas KSA checkout to receive a 5% discount on new-release collections and full-priced items.
Malabar Gold & Diamonds
* Price Lock: Given the recent volatility, Malabar is encouraging the 10% Advance Booking scheme. This allows you to pay 10% of the value now to lock in the current gold rate for a future purchase, protecting you from further price hikes.
Today's Gold Rates in KSA (February 23, 2026)
Gold prices in Saudi Arabia have reached their highest levels of the month this week. Approximate retail rates per gram in Saudi Riyal (SAR) are:
* 24K Gold: ~SAR 636.00
* 22K Gold: ~SAR 582.00
* 21K Gold: ~SAR 556.50 (The most popular standard for local shoppers)
* 18K Gold: ~SAR 476.00
Shopping Tips for Saudi Arabia
* The "Founding Day" Extension: Many independent shops in the Batha Gold Souq (Riyadh) or the Jeddah Gold Souq have extended their 22nd February discounts through the weekend. You can often find labor fees (making charges) reduced by 20–25% if you mention the holiday.
* Hallmarking: Saudi Arabia is famous for its high-purity gold. Always look for the Ministry of Commerce hallmark and the specific carat stamp (e.g., 875 for 21K).
* VAT Benefit: While there is a 15% VAT in KSA, buying gold here is still considered highly competitive globally due to the sheer volume of trade and low margins on the actual metal.
* Ramadan Prep: If you are looking for a gift for Ramadan or Eid, the final week of February is the best time to buy before the "Ramadan Rush" begins in March, which usually sees a spike in making charges due to high demand.
Top Brand & Retailer Offers
L’azurde Saudi Arabia
L’azurde is currently leading the market with significant price reductions across both their physical boutiques and online store.
* Unmissable Offer: They are offering 30% to 50% OFF on selected diamond and gold jewellery. This includes their high-end 18K gold "Floral" and "Link" collections.
* Founding Day Specials: For a limited time, traditional 21K gold sets (4-piece sets) are being showcased with heritage-inspired designs like the "Oval" and "Flower" sets, with prices starting around SAR 8,399.
* Miss L’ Promo: Use the online code LZ34 to get an additional 10% OFF on full-priced items from the contemporary Miss L’ line.
Al Romaizan Gold & Jewelry
* Heritage Focus: Following Founding Day, Al Romaizan is highlighting Najdi Style Jewelry. They are promoting 21K and 22K gold sets as both cultural staples and stable investments.
* Shipping Perk: They are currently offering fast 3-day shipping across KSA for all online orders, with guaranteed ethical sourcing for all gold and gemstones.
Damas Jewellery KSA
* Ramadan 2026 Preview: Damas has officially launched its Ramadan 2026 Collection, featuring the "Alif," "Amelia," and "Dome" motifs. Selected items in these collections are seeing introductory discounts of 20% OFF.
* Online Exclusive: You can use the promo code ACC90 or ALCOUPON at the Damas KSA checkout to receive a 5% discount on new-release collections and full-priced items.
Malabar Gold & Diamonds
* Price Lock: Given the recent volatility, Malabar is encouraging the 10% Advance Booking scheme. This allows you to pay 10% of the value now to lock in the current gold rate for a future purchase, protecting you from further price hikes.
Today's Gold Rates in KSA (February 23, 2026)
Gold prices in Saudi Arabia have reached their highest levels of the month this week. Approximate retail rates per gram in Saudi Riyal (SAR) are:
* 24K Gold: ~SAR 636.00
* 22K Gold: ~SAR 582.00
* 21K Gold: ~SAR 556.50 (The most popular standard for local shoppers)
* 18K Gold: ~SAR 476.00
Shopping Tips for Saudi Arabia
* The "Founding Day" Extension: Many independent shops in the Batha Gold Souq (Riyadh) or the Jeddah Gold Souq have extended their 22nd February discounts through the weekend. You can often find labor fees (making charges) reduced by 20–25% if you mention the holiday.
* Hallmarking: Saudi Arabia is famous for its high-purity gold. Always look for the Ministry of Commerce hallmark and the specific carat stamp (e.g., 875 for 21K).
* VAT Benefit: While there is a 15% VAT in KSA, buying gold here is still considered highly competitive globally due to the sheer volume of trade and low margins on the actual metal.
* Ramadan Prep: If you are looking for a gift for Ramadan or Eid, the final week of February is the best time to buy before the "Ramadan Rush" begins in March, which usually sees a spike in making charges due to high demand.
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