Kenya has positioned itself as a significant player in the global gemstone market, particularly in the export of meteorites and other precious stones. In 2023, Kenya"s export of unwrought precious stones, excluding diamonds, saw a significant increase compared to previous years. The domestic export volume soared to 782,135. 21 kg, generating $3,720,881. 07, marking a volume increase from the 270,610. 765 kg exported in 2022, which was valued higher at $4,203,091. 27. This shift indicates a possible increase in export quantity alongside a decrease in unit price, driven by an expanded market reach or changes in international demand.

Concurrently, imports of similar stones dropped significantly in weight, from 33. 65 kg in 2022 to a mere 0. 8 kg in 2023, valued at $222. 44, suggesting a reduction in local demand or increased self-sufficiency. The import of diamond dust and other precious stones remained relatively stable in 2023, with diamond dust imports recorded at 4,000 carats valued at $504. 79. This figure is a stark contrast to 2022"s exports of 30,030 carats, indicating a major shift in the sourcing strategy or market demands. Moreover, the import of natural or synthetic precious stones also saw a substantial increase in 2023 with 2,040 kg imported, valued at $4,648.

98. This uptick could be attributed to burgeoning local industry needs or the development of new technologies requiring such materials. For businesses looking to engage with Kenya"s gemstone market, understanding these trends is crucial. Aritral provides an AI-driven platform offering services such as Product Listing and Direct Communication to simplify international trade. With Global Sales Assistance and AI-Powered Marketing, Aritral is well-equipped to assist companies in navigating the complexities of the gemstone trade, from sourcing contacts to managing supplier relationships. "