Armenia"s gemstone market, particularly focusing on rubies, presents intriguing trade dynamics. In 2024, Armenia"s import of rubies and related gemstones amounted to 1,150,546. 54 carats, valued at $16,304,142. 65, indicating a robust appetite for these precious stones. This volume shows a significant increase from 2023, which saw imports totaling 313,559. 1 carats for $6,455,214. 43. The surge in quantity juxtaposed with the high value underscores Armenia"s strategic position in the global gemstone market, likely driven by both consumption and re-export motives.

On the export front, Armenia shipped 147,626. 25 carats of rubies and similar gemstones in 2024, generating $6,456,915. 77. This compares to 2023"s exports of 388,502. 66 carats valued at $16,272,906. 95. The drop in export volume but steady high value suggests a shift towards trading higher-quality, more valuable stones, possibly due to changing global demand or improved processing techniques enhancing stone quality. Price trends reflect an intriguing aspect of the market.

The average price per carat for imports hovered around $14. 16 in 2024, while exports averaged $43. 72 per carat, indicating a substantial markup that highlights Armenia"s role as a value-adding hub in the gemstone supply chain. These trends suggest that Armenia is not only a significant consumer of precious stones but also a critical player in their global distribution. Businesses seeking to navigate this market can enhance their operations through platforms like Aritral. com. As an AI-driven B2B platform, Aritral facilitates international trade of commodities, offering services such as product listing, direct communication with suppliers, and AI-powered marketing, making it a valuable tool for anyone looking to engage with Armenia"s gemstone industry.