The Philippines" gemstones market, notably Spinel, reveals intriguing trends in pricing and trade volumes. In 2024, the export volume for precious or semi-precious stones, which includes Spinel, reached 8,490 kg valued at $10,000. This marks a significant increase compared to the 1,626 kg export in 2022, valued at only $2,920, indicating a burgeoning export market. Conversely, imports of similar stones have also surged. The import volume in 2024 stands at 3,001. 82 kg, valued at $46,017, a stark rise from 294. 37 kg in 2023, valued at $43,451. This increase in both import volume and value suggests a rising domestic demand, potentially driven by a growing local jewelry industry.

Analyzing the broader gemstone category, imports of other precious stones further worked have decreased from 1,149,705. 46 carats in 2022 to 442,357. 93 carats in 2024, reflecting a possible shift towards preferring raw over processed stones. Prices for these commodities have shown volatility. For instance, the import of synthetic stones further worked peaked at 313. 91 kg in 2021, with a value of $658,043, but has since decreased significantly. This volatility indicates a dynamic market that may be influenced by global gemstone trends and local economic conditions. For businesses looking to capitalize on these trends, Aritral offers a comprehensive suite of tools designed to streamline the international trade of commodities like Spinel.

The platform provides services such as Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, ensuring businesses can efficiently navigate the complexities of the global gemstone market. "