Sri Lanka, renowned for its rich gemstone heritage, plays a significant role in the global charoite market. This rare semi-precious stone has seen fluctuating trade dynamics in recent years. Analyzing the data from 2022 to 2024 provides a comprehensive view of market trends and price movements. In 2022, Sri Lanka imported approximately 6,847 kg of precious and semi-precious stones (excluding diamonds) valued at $624,479. 22. By 2023, imports surged to 7,081 kg, with a substantial value increase to $1,416,518. 44, indicating rising demand and possibly higher prices in the international market. In 2024, imports further escalated to 23,254 kg, with a corresponding value of $2,129,012.

38. This sharp increase reflects a robust growth trajectory in the import sector, possibly driven by increased domestic processing capabilities or heightened demand for charoite in local and international markets. On the export side, domestic exports also showed a promising rise. In 2022, exports totaled 176 kg, valued at $369,202. 53, which increased modestly to 6782 kg in 2023, worth $87,257. 97. By 2024, exports slightly decreased to 224 kg, but the value soared to $705,646. 57, suggesting a significant appreciation in charoite"s market value, potentially due to enhanced quality or global demand shifts.

Despite these promising trends, the re-export figures display a contrasting narrative. Re-exports plummeted in volume from over 6,761 kg in 2023 to a mere 0. 145 kg in 2024. This decline might indicate a strategic shift towards retaining more raw materials for domestic processing or a change in international trade partnerships. For businesses seeking to capitalize on these trends, Aritral provides an AI-driven platform to streamline international trade in commodities like charoite. With features such as Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, Aritral empowers businesses to navigate the complex gemstone market efficiently and effectively. "