In recent years, the Philippines has seen significant fluctuations in its gemstones market, particularly in the importation and pricing of emeralds. The data from the past few years highlights these trends and offers insights into the market dynamics. In 2024, the Philippines imported 124,752. 55 carats of worked rubies, sapphires, and emeralds with a total value of $58,446, showing a remarkable increase from just 4,320. 52 carats valued at $3,310 in 2023. This increase indicates a growing demand and possibly a shift in consumer preferences or increased availability of these gemstones. Unworked or sawn precious stones also saw a notable trend in 2024, with imports reaching 3,001. 82 kg valued at $46,017.

This reflects a steady demand, given the previous year"s imports were 294. 366 kg valued at $43,451. Export volumes have also increased significantly in 2024 with 8490 kg being exported, valued at $10,000, compared to previous years where exports were minimal. The increase in value and volume of imported gemstones suggests a strengthening market with potential opportunities for suppliers and distributors. Articles of precious or semi-precious stones imported in 2024 reached a value of $204,731, which further emphasizes the rising demand within the Philippines" gemstones market. These trends are critical for businesses looking to enter or expand within the Philippines, offering opportunities for both local suppliers and international traders. For companies seeking to navigate these market dynamics effectively, platforms like Aritral provide comprehensive support. Aritral offers product listing capabilities, direct communication channels, global sales assistance, AI-powered marketing, and profile management, simplifying the complexities of international trade in gemstones and raw materials.