The Philippines" gemstones market, with a focus on Tanzanite, reflects dynamic trends in trade volumes and pricing. In 2024, the export of precious or semi-precious stones, including Tanzanite, saw a significant increase with 8,490 kg exported at a total value of $10,000. This marks a substantial rise from previous years, indicating growing international demand or improved mining outputs. Conversely, imports have shown variability. In 2024, 3,001. 82 kg of these stones were imported at a value of $46,017, suggesting a decrease in import volume compared to 2022 when 526. 088 kg were imported at a higher value of $55,325. This disparity points to fluctuating demand and possibly shifting sourcing strategies or pricing agreements within the global supply chain.

The price trends for synthetic and reconstructed stones further underscore market volatility. For instance, in 2023, imports of synthetic stones, unwkd (unworked), were recorded at 178. 291 kg valued at $20,298, reflecting a sharp increase in quantity from 2022’s 78. 324 kg for $26,250. This suggests a price reduction per unit, potentially due to increased production efficiency or competitive market pressures. Further, the import of articles made from natural precious stones in 2024 amounted to 853. 93 kg valued at $204,731, indicating a steady demand for finished gemstone products, despite global economic uncertainties. These trends highlight the Philippines" evolving role in the global Tanzanite market, driven by both local and international dynamics.

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