In 2024, Sri Lanka"s gemstone market, particularly in the amber segment, demonstrates significant activity in both imports and exports. The data reveals that the country imported 23,253. 558 kg of precious stones, valued at $2,129,012. 38. This represents a substantial increase from 2023, where imports were 7,080. 57 kg with a value of $1,416,518. 44, indicating a strong upward trend in import activity and price per kilogram for unworked gemstones. Conversely, domestic exports in 2024 reached 223.

511 kg, valued at $705,187. 54, showing a notable increase from 21 kg in 2023 valued at $50,233. 87. This growth underscores an expanding capability and demand for amber and other gemstones in foreign markets. Additionally, the export value per kilogram has significantly increased, highlighting Sri Lanka"s enhanced positioning as a valuable player in the global gemstone market. Re-exports, however, have seen a dramatic decline from 6,761. 01 kg in 2023 to a mere 0. 145 kg in 2024, reflecting possibly stricter regulations or shifts in market dynamics influencing the re-export trade.

The trade data also highlights the robust activity in the further worked rubies, sapphires, and emeralds category, with exports reaching a staggering 1,642,325 carats, valued at $98,311,607. 52 in 2024. This sector is pivotal for Sri Lanka"s gemstone market, overshadowing the relatively smaller yet growing amber segment. For businesses looking to tap into this burgeoning market, identifying reliable suppliers and understanding market trends is crucial. Aritral. com, an AI-driven B2B platform, offers services such as product listing, direct communication, and AI-powered marketing tools to facilitate seamless international trade in commodities like amber. By leveraging these tools, businesses can effectively navigate the complexities of Sri Lanka"s gemstone market and capitalize on emerging opportunities.