Sri Lanka"s gemstone market, particularly in precious stones like lapis lazuli, has seen significant shifts in trade dynamics over recent years. In 2024, foreign imports of unworked precious stones, including lapis lazuli, reached 23,253. 558 kg, valued at approximately $2. 13 million. This marks a substantial increase compared to 2023, where imports were 7,080. 57 kg at $1. 42 million. The rising import volumes suggest a growing demand for raw materials in the local market, potentially driven by increased processing and exporting capacities.

Conversely, domestic exports of unworked stones have seen a slight increase in weight but a more pronounced rise in value. In 2024, exports were recorded at 223. 657 kg with a value of $705,646. 573, compared to 175. 93 kg at $369,202. 526 in 2022. This suggests that processed stones are fetching higher prices, reflecting either an improvement in the quality of stones being exported or an increase in global market prices. Additionally, the re-export of worked gemstones like rubies, sapphires, and emeralds highlights Sri Lanka"s role as a key player in the global gemstone market.

In 2024, the value of these re-exports amounted to $163,882. 938 for 2,139 carats, indicating a niche market for high-value, processed gemstones. Aritral is poised to support businesses navigating these complex trade dynamics. With its AI-driven platform, Aritral offers comprehensive B2B services such as Product Listing, Direct Communication with buyers and sellers, Global Sales Assistance, AI-Powered Marketing, and Profile Management. By leveraging Aritral"s services, businesses in the gemstone sector can enhance their trade efficiency and capitalize on price trends effectively. "