The Saudi Arabian market for turquoise and other precious stones reflects intriguing trends over the past few years. As of 2023, the import value for unworked or simply sawn precious stones excluding diamonds reached $13,632. 53, a significant decline from the $202,020. 26 recorded in 2022. This suggests a fluctuating demand or a shift in sourcing strategies among Saudi importers. In 2021, Saudi Arabia imported 89 kg of unworked precious stones at a value of $7,115. 20, a noticeable decrease in volume from 172 kg in 2020, which was valued at $2,323. 20.

This indicates not only a qualitative shift in the sourcing of gemstones but also possibly increasing costs per unit, reflecting global price pressures or a pivot towards higher quality imports. The market for further worked precious and semi-precious stones shows a different pattern. In 2022, imports amounted to 10,841,443 carats valued at $426,934. 66, while exports were virtually nonexistent. This contrasts sharply with 2021, where imports skyrocketed to 178,480,863 carats valued at $278,624. 53. The massive volume but lower value per carat suggests a focus on lower-grade or different types of stones. These figures highlight Saudi Arabia"s dynamic gemstone market, where import values and volumes reflect broader economic trends and shifting strategic interests in the global gemstone supply chain.

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