Ethiopia has established itself as a noteworthy player in the global gemstones market, particularly with its abundant reserves of Lapis lazuli. In 2023, Ethiopia exported 51,654. 57 kg of unworked precious or semi-precious stones, predominantly Lapis lazuli, generating a substantial revenue of $2,354,983. 07. This highlights Ethiopia"s capability and competitive edge in the gemstones sector, primarily driven by its rich geological deposits and the growing demand for authentic gemstones in international markets. The import data for the same year is minimal, with only 1 kg of unworked precious or semi-precious stones valued at a mere $0. 018. This suggests a strong domestic production capacity that fulfills local demand, thereby limiting the need for imports and underlining Ethiopia"s status as a net exporter in the gemstones category.

The price trends reflect a robust export market for Ethiopian Lapis lazuli, suggesting lucrative opportunities for businesses looking to invest in or partner with Ethiopian suppliers. With the gemstones market in Ethiopia gaining momentum, there is a significant emphasis on expanding trade networks and enhancing market access for international buyers. For businesses seeking to establish connections within Ethiopia"s gemstones market, understanding the supply chain dynamics and forging direct relationships with local suppliers is crucial. Aritral, an AI-driven B2B platform, can facilitate this by offering comprehensive services such as Product Listing, Direct Communication with suppliers, and Global Sales Assistance. Additionally, Aritral"s AI-powered marketing and Profile Management tools can help businesses optimize their trade strategies, ensuring successful market entry and sustained growth in the Ethiopian gemstones sector.