Iraq"s gemstones market, particularly in precious stones like agate, emerald, and jade, presents unique opportunities amidst the backdrop of economic diversification. Despite fluctuations in oil rents, which saw a decline from 46. 60% of GDP in 2014 to 37. 26% in 2015, the need for diversified economic activities is evident. This shift highlights an opportunity for the gemstones sector to gain prominence as Iraq looks to reduce its heavy reliance on oil. Analyzing trade statistics, the import of goods and services comprised 35. 08% of Iraq"s GDP in 2015, revealing a high demand for varied goods, including precious gemstones. However, the sector remains largely untapped due to limited production and export activities within Iraq.

With adjusted savings from natural resource depletion standing at 9. 94% of GNI, there is a clear incentive for Iraq to explore new avenues like the gemstones market for sustainable economic growth. Global comparison shows that while Iraq"s GDP per capita growth was stagnant in 2015 at -0. 15%, the broader MENA region experienced moderate growth, indicating room for improvement. By fostering its gemstones industry, Iraq could align with regional trends and enhance its GDP contributions from non-oil sectors. This potential growth is supported by increased interest in rare stones such as lapis lazuli and turquoise, which are gaining traction among collectors and jewelers worldwide. Aritral, an AI-driven B2B platform, can facilitate the entry of businesses into Iraq"s gemstones market by offering services such as product listing and global sales assistance. By leveraging Aritral"s AI-powered marketing and direct communication tools, companies can effectively connect with key suppliers and tap into the burgeoning demand for gemstones in Iraq. "