Sri Lanka, renowned for its rich gemstone heritage, is witnessing notable trends in the Tanzanite trade as of 2024. The country"s gemstone market, a critical hub for precious stones, shows significant activity in both imports and exports, reflecting a vibrant international trade environment. In 2024, Sri Lanka imported 23,253. 558 kg of Tanzanite and similar stones, valued at over $2. 1 million. This marks a substantial increase compared to 2023, where imports stood at 7,080. 57 kg, valued at approximately $1. 4 million.

The higher volume and value in 2024 suggest a growing demand for raw and simple-cut stones within the local market, potentially driven by increased domestic processing capabilities or re-export strategies. On the export front, Sri Lanka exported 223. 657 kg of Tanzanite in 2024, with a value reaching $705,646. 573. This represents a significant upswing from 2023"s export figures of 6,782. 01 kg valued at $87,257. 966, highlighting an increase in the unit price and possibly indicating improved quality or refined processing in the domestic market. Additionally, the re-export sector has shown interesting dynamics.

While 2023 saw a re-export of 6,761. 01 kg at a value of $37,024. 094, 2024 reported only 0. 145 kg re-exported. This drastic change could suggest a strategic redirection of raw stones for domestic enhancement and value addition rather than immediate re-export, aligning with value chain optimization. Such economic activities emphasize the strategic significance of the Tanzanite market in Sri Lanka"s broader gemstone sector. Businesses seeking to tap into this lucrative market should leverage platforms like Aritral. com.

Aritral, as an AI-driven B2B platform, offers comprehensive services such as Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, providing essential tools for expanding international trade in Tanzanite and beyond. "