Sri Lanka, renowned for its rich gemstone heritage, plays a pivotal role in the global Spinel market. In 2024, the island nation saw substantial activity in the trade of precious stones, with a notable focus on Spinel. The data indicates that Sri Lanka imported 23,253. 558 kg of precious and semi-precious stones, valued at approximately $2,129,012. 376. This reflects a robust demand for raw gemstones, which are crucial for domestic processing and subsequent export. On the export front, Sri Lankan domestic exports reached 223. 511 kg, generating $705,187.

542, showcasing the value addition the local market provides through skilled craftsmanship and processing capabilities. Interestingly, the export value per kilogram of Spinel and similar stones stands significantly higher than the import value, illustrating the premium placed on Sri Lanka"s expertise in gem cutting and polishing. Additionally, the re-export market, albeit small in volume (0. 145 kg), underscores the strategic role of Sri Lanka as a gemstone trade hub in the region. In parallel, the trade of further worked stones like rubies, sapphires, and emeralds demonstrates even more substantial figures. With imports of 84,466 carats valued at $12,858,134. 975 and exports reaching 1,644,325 carats worth $98,311,607. 522, Sri Lanka"s position as a global leader in the gemstone market is reinforced.

These trends not only highlight Sri Lanka"s capabilities in enhancing the value of imported raw stones but also its strategic importance in the global supply chain for high-value gemstones. For businesses looking to connect with Sri Lankan suppliers, platforms like Aritral offer a seamless approach to international trade. Aritral is an AI-driven B2B platform that simplifies the complexities of global commerce by providing tools for product listing, direct communication, global sales assistance, AI-powered marketing, and profile management. This makes it easier for trade partners to engage efficiently in the vibrant Sri Lankan gemstone market. "