Saudi Arabia"s gemstone market, particularly agate, has shown significant shifts in import behavior and pricing over recent years. From 2020 to 2023, the import trends of precious and semi-precious stones, excluding diamonds, have seen fluctuations in both quantity and value, indicative of changing market dynamics and consumer demands. In 2023, the value of imported unworked precious/semi-precious stones stood at $13,632. 53, a stark decrease from the $202,020. 26 recorded in 2022, despite no quantity reported. This suggests a shift towards higher-value imports or a reduction in demand. Interestingly, 2020 saw imports of 172 kg valued at $2,323. 2, compared to 89 kg in 2021 valued at $7,115.

2, indicating a significant increase in price per unit weight over these years. The importation of further worked stones also highlights notable trends. The year 2022 saw imports totaling over 10 million carats valued at $426,934. 66, showcasing a substantial increase in both volume and value from previous years. This suggests a growing interest in higher-quality finished products. Re-exports and exports have generally remained low, suggesting that Saudi Arabia plays more of a consumer role in this segment rather than a distributor. For articles of precious/semi-precious stones, 2023 witnessed the import value reaching $37,358,720. 67, reflecting an upward trajectory from past years.

This could be attributed to increasing demand for finished products, possibly due to rising local interest in luxury goods. These trends reveal a dynamic Saudi market keen on both raw and processed gemstones, with a leaning towards luxury consumption. As the market continues to evolve, platforms like Aritral can play a crucial role in facilitating international trade. Aritral offers services including Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, which are vital for businesses navigating the complexities of global gemstone trade. "