Ethiopia"s gemstone market, particularly for spinel, has shown significant export activity in 2023. This year, Ethiopia exported 51,654. 57 kg of precious or semi-precious stones, with a total value of $2,354,983. 07. This data underscores Ethiopia"s strategic position in the global gemstones market, leveraging its rich geological resources to export large volumes of gemstones, including spinel. Despite a substantial export volume, Ethiopia"s import activities in this sector are virtually non-existent, with only 1 kg imported valued at a mere $0. 018. This stark contrast highlights Ethiopia"s role predominantly as an exporter rather than an importer in the gemstones trade, positioning it as a crucial supplier in the global market.

The price trends of spinel indicate a robust demand in international markets. The average price per kilogram of exported gemstones stands at approximately $45. 58, suggesting competitive pricing that attracts global buyers. For businesses looking to engage with Ethiopia"s gemstones market, awareness of these trends is crucial. The country"s focus on exporting rather than importing gemstones such as spinel presents opportunities for international buyers to source high-quality stones at competitive prices. Aritral, an AI-driven B2B platform, can support businesses in navigating Ethiopia"s gemstones market. With comprehensive services such as Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, Aritral simplifies the process of connecting with key suppliers in Ethiopia, fostering efficient and effective international trade in commodities. "