Armenia"s gemstone market, particularly amber, showcases a dynamic trade environment. In recent years, Armenia has shown a marked emphasis on the import and export of precious and semi-precious stones, although not directly in amber. However, analyzing trade trends provides insights into the broader gemstones sector, which can impact amber trade indirectly. In 2024, Armenia"s import of precious and semi-precious stones showed a considerable volume of 69,493. 02 kg, valued at approximately $108,820. 30. This indicates a significant decline in import volume compared to 2023, which saw imports of 275,166. 19 kg at a cost of $59,459.

69. This drop suggests a shift in sourcing strategy or domestic market adjustments. On the export front, 2024 experienced substantial exports totaling 1,419,298. 893 kg, valued at $7,382,588. 30, marking a robust export volume, although the precise figures for amber specifically are not isolated. This substantial export volume signifies Armenia"s strong positioning in the gemstones market, with significant sales recorded in further-worked stones like rubies, sapphires, and emeralds. Price trends reflect a complex interplay of supply chain dynamics and market demand. For example, the average price per kg of exported stones was higher than imported, indicating a focus on value-added products, driving profitability in Armenia’s gemstone sector.

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