When the crown prince of Saudi Arabia was crowned King Salman in June, the kingdom’s crown and crown jewels were auctioned off for an unprecedented $10.2 billion.
The crown prince, Mohammed bin Salman, has been the crown’s chief economic adviser since the fall of the Soviet Union, and he is widely expected to lead the country through a financial crisis that could cost the crown its entire revenue.
The kingdom’s finances are already struggling.
In 2016, it cut the price of its national currency by 10% for the first time in years, and that was followed by a $6 billion devaluation of the local currency in January 2017, causing the price to plunge again.
The devaluation was caused in part by a tax on imported Chinese goods.
The price of a crown has been falling since at least 2013, when it reached $1,400.
But it’s still more than $100,000 in 2017, and the kingdom is trying to get its budget back into balance.
In May 2018, the crown decided to cut the cost of a wedding dress by 15% for a prince, crown prince and a crown princess.
But many other royals have also been forced to reduce their prices.
“I am afraid it is going to be a long time before we can find an affordable price for our crown jewels,” says Anjan Das, a senior associate at the London-based consultancy Mintel.
“It’s going to have to go up, but it will have to be in the $100-200,000 range.”
This week, in response to the sharp devaluation, the prince of Qatar announced a price reduction of 25% for all his guests and his own crown jewels.
(A crown jewel is a piece of jewelry that belongs to the crown, and is typically valued at more than the entire value of the country’s economy.)
In April, Saudi Arabia’s crown prince announced a cut in prices for other products in an attempt to save money.
“We are working to save as much as possible,” Prince Mohammed bin Abdulaziz al-Saud said in an interview with the BBC.
“What we are working on is to make sure that we have the most cost-effective price for the crown jewels.”
The government also lowered the price for crowns by 10%.
However, the cost for other items was also raised.
For example, crowns and jewels that had been sold for $400,000 were now being sold for less than $350,000.
The prince of Bahrain has also reduced the price his guests can receive from $400 to $270 a head.
This comes after the prince was criticized by some for charging his guests for a “dignity ring” that would have cost $500 to $700.
The government of Bahrain also cut prices on its royal dress, crown and jewels by 30%.
In the kingdom, royal guards have also cut the prices of their uniforms and coats by 40% and 40%, respectively.
The Saudi royal family has also begun to lower the prices for certain products, such as its traditional dresses, shoes and jewelry.
The United Arab Emirates cut the dress price in 2017 by 20%, but in 2018 it also lowered its price for royal regalia by 10%, to $2,000, from $5,000 a piece.
In the past, the United Arab Emirates royal family had always kept its royal prices below $5 million.
However, in 2018, royal price cuts started to come back to haunt the royal family.
In June 2018, Dubai’s royal market was one of the most popular for its prices.
The market’s most popular item was the royal robe.
According to Dubai authorities, the robe cost $2 million to make, and it took six months to make.
“When you have a royal, the price depends on the quality and the style of the garment,” says Ayoub Ali, director of the Royal and Crown Princely Market, a government-run market that sells the regalia and other items at the market.
“The royal is a symbol of wealth, so the price has to be as high as possible.”
The royal crown price has been declining over the past decade.
In 2018, it was $1.6 million.
In 2017, it reached a record low of $7,400, according to a report by the Economic Times.
However the royal price has since risen and is now higher than the U.S. dollar, according for example to a recent article in the Financial Times.
In 2020, it hit a record high of $10,600, according the Financial Daily Times.
“A royal crown is not just an expensive piece of clothing, it’s a symbol that the royal families wealth can be measured in the world,” says Jasmine Ozer, senior editor at Quartz.
“So it’s not surprising that the crown price is so high.
The value of crown