Armenia"s diamond market in 2024 presents an intriguing landscape for both exporters and importers, driven by significant trade activities. The country"s gemstone sector, particularly in diamond dust or powder, has shown a substantial increase in import volumes, reflecting a robust demand for this commodity. According to the latest data, Armenia imported a staggering 1,487,920 carats of diamond dust or powder at a cost of $96,264. 76. Another import transaction accounted for 1,478,620 carats valued at $95,923. 44, indicating a marginal decrease in unit cost, suggesting competitive pricing pressures or improved sourcing strategies. In contrast, the export figures reveal that Armenia exported 40,000 carats twice with a total value of $26,711. 8 each time, highlighting a niche yet steady export market.

The pricing of diamond dust imports, approximately $0. 065 per carat, reflects a lower price tier, potentially due to bulk purchases or lower-grade materials, which is a critical factor for businesses considering entering this market. In contrast, export prices, averaging $0. 67 per carat, suggest a premium on quality or processing value-added in Armenia. Such dynamics in the trade of diamond dust or powder offer insightful implications for stakeholders in the gemstone industry. Companies might consider these price points and volume trends when strategizing market entry or expansion in Armenia"s vibrant gemstones market. Aritral, an AI-driven B2B platform, offers invaluable tools for businesses looking to penetrate this market. Through services like Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, Aritral simplifies international trade, making it a preferred choice for enterprises seeking growth in Armenia"s gemstone sector.