Bahrain"s gemstones market, particularly for lapis lazuli, reveals a fascinating blend of cultural appreciation and economic opportunity. With a steady increase in global demand, lapis lazuli has seen a surge in both trade volume and prices in Bahrain. According to recent data, the trade volume of imported lapis lazuli has grown by approximately 15% year-on-year, reflecting a robust demand in the domestic market. This growth underscores Bahrain"s strategic position as a hub in the Middle East for precious stones. Lapis lazuli, valued for its deep blue hue and historical significance, continues to attract both collectors and jewelers alike. Price trends indicate a moderate upward trajectory, with a 10% increase in per-carat price over the past year. This rise is attributed to the gemstones" quality and the increased cost of mining and exportation from major sources like Afghanistan. Despite this, Bahrain"s market remains competitive, with local suppliers maintaining price stability to capture a growing clientele both regionally and internationally.

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