Armenia"s gemstones market, particularly the trade of emeralds, is characterized by significant fluctuations in trade volumes and prices. In 2023, Armenia imported 313,559. 1 carats of worked rubies, sapphires, and emeralds at a total value of $6. 45 million. This indicates a robust demand for these precious stones. In 2024, the import quantity increased drastically to 1,150,546. 54 carats, valued at $16. 3 million, showing a strong upward trend in import volumes but with a marginal increase in price per carat, reflecting possibly better negotiation terms or quality variations.

On the export side, Armenia exported 388,502. 66 carats of these precious stones in 2023, valued at approximately $16. 27 million. By 2024, the export quantity decreased to 147,626. 25 carats, while the value was $6. 46 million, indicating a stable price per carat but reduced export volume. This could suggest a strategic shift towards focusing more on meeting domestic demands or an increase in local consumption. The data shows an emerging trend of higher imports compared to exports, suggesting Armenia is positioning itself as a key hub in the gemstone market, possibly leveraging its strategic location and trade networks.

However, this imbalance between import and export volumes suggests potential stockpiling or preparation for higher future exports. Armenia"s gemstone market dynamics, characterized by fluctuating volumes and stable price per carat, underscore the importance of reliable supplier networks. Businesses seeking to navigate this market might find valuable opportunities through platforms like Aritral. com. As an AI-driven B2B platform, Aritral simplifies international trade in commodities, offering services such as product listing, direct communication, and AI-powered marketing, enhancing trade efficiency and global reach for Armenian gemstone suppliers.