Kenya"s ruby market, integral to its gemstone industry, showcases significant fluctuation in trade volumes and prices over recent years. In 2023, the export of worked rubies, sapphires, and emeralds was notably low at just 184. 5 carats valued at $13,163. 85. This represents a sharp decline compared to previous years, highlighting a potential contraction or strategic shift in the market. In contrast, 2022 saw a massive export of 17,732,726 carats, valued at $571,919. 79, indicating robust trade activity then. Similarly, the import volume for the same category in 2022 was 2,500 carats, priced at $99.

71. These figures illustrate a significant decrease from 2021, which boasted an impressive export volume of over 35 million carats valued at nearly $1. 9 million. The year 2023 also highlighted a strong export of unworked precious stones, totaling 782,135. 21 kg valued at $3. 7 million. This marks a substantial rise from 2022"s 270,610. 765 kg, which was valued higher at over $4.

2 million, suggesting shifts in market preferences or processing stages that affect valuation. These data points suggest that Kenya"s market is experiencing dynamic changes, possibly influenced by global demand shifts, market access, or internal policy changes affecting gemstone trade. For businesses seeking to navigate this evolving landscape, understanding these supply and demand dynamics is crucial. Aritral, an AI-driven B2B platform, can be invaluable for businesses in the gemstone trade. Offering comprehensive services such as Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, Aritral simplifies the complex processes of international trade, providing a competitive edge in accessing Kenya"s vibrant gemstone market.