In 2024, Armenia"s fossil gemstones market has showcased significant activity, particularly in the import and export of diamond dust and silver powder. The data reveals that Armenia imported a substantial volume of diamond dust, amounting to over 2. 9 million carats across different transactions. The import value for this quantity reached $96,264. 76, highlighting a competitive average price per carat. In contrast, the export volume of diamond dust was markedly lower, with only 80,000 carats exported at a total value of $53,423. 60, indicating a focus on fulfilling domestic demand or a strategic build-up of inventory. Silver powder trade also demonstrated notable trends.

Armenia imported 1020. 74 kg of silver powder, valued at $696,130. 50, while exporting a mere 0. 08 kg valued at $620. 44. The disparity suggests a robust internal use or stockpiling strategy, perhaps due to industrial demands or a cautious approach to managing international commitments. The price trends reflect Armenia"s strategic positioning in the gemstones market, where the import prices of diamond dust and silver powder point to a competitive market environment. The significant import volumes suggest an active pursuit of raw materials to support local industries or to leverage future export opportunities.

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