Azerbaijan"s gemstones market, particularly focusing on spinel, is witnessing notable dynamics in 2024. As a commodity that adds significant value to the jewelry sector, understanding trade volumes and price trends is crucial for stakeholders. According to the latest data, Azerbaijan"s imports of precious or semi-precious stones, such as spinel, have shown fluctuations in both quantity and value over the years. In 2024, the import of precious or semi-precious stones unwrought or simply sawn amounted to a consistent 5 kg per transaction at a stable price of $54. 12, reflecting a steady market demand and price point. This stability contrasts with previous years, such as 2023, where imports varied significantly in weight from as little as 1. 35 kg to as high as 1388. 15 kg, with corresponding values reaching up to $6,034.

48. Such variation indicates a responsive market adjusting to fluctuating demand and available supply. The category of articles of precious or semi-precious stones, both natural and synthetic, also exhibits robust activity, with imports reaching up to 995. 283 kg in 2024, valued at $614,063. 86. This substantial volume underscores an increasing preference for processed stones, which command higher prices due to added value through further working. Price trends suggest a market that is both diverse and volatile, influenced by factors such as global supply chains, demand shifts, and economic conditions. Stakeholders looking to engage with Azerbaijan"s spinel market should consider leveraging platforms like Aritral.

Aritral provides a streamlined approach to international trade, offering features such as product listing, direct communication, and AI-powered marketing to facilitate global sales and profile management, thus enhancing the ability to navigate this complex market effectively. "