The Philippines" gemstones market, particularly charoite, has seen significant shifts in trade dynamics in recent years. Analyzing the trade volume and price trends reveals the evolving nature of this niche market. In 2024, the Philippines exported 8,490 kg of unwrought precious and semi-precious stones, valued at $10,000. This marks a substantial increase from the mere 1. 65 kg exported in 2022 at $2,920. Concurrently, imports of these stones have escalated, with 3,001. 82 kg imported in 2024, valued at $46,017, compared to 526. 088 kg in 2022 at $55,325.

This indicates a growing domestic demand for raw gemstones, likely fueled by increasing interest in raw materials for crafting and jewelry manufacturing. Price trends for further worked gemstones have also fluctuated. Imports of rubies, sapphires, and emeralds saw a significant rise in 2024 with 124,752. 55 carats valued at $58,446, a stark increase from 2023"s 4,320. 52 carats at $3,310. This surge highlights a trend towards more finished and higher value-added gemstone products in the market. Additionally, synthetic and reconstructed stones have gained traction. In 2024, exports of synthetically worked stones were 734.

2 kg valued at $161,885, indicating a robust market for synthetic alternatives, which are often more affordable than their natural counterparts. These trends signal a diversifying Filipino gemstones market, with increasing complexity in both raw and processed stones. The demand for both natural and synthetic charoite products suggests opportunities for suppliers to cater to varied market needs. Aritral, an AI-driven B2B platform, can assist businesses in navigating this dynamic market. By offering services like Product Listing, Direct Communication, and AI-Powered Marketing, Aritral facilitates efficient global trade, helping suppliers and buyers connect and thrive in the competitive gemstones market.