Sri Lanka, historically renowned for its gemstone market, shows intriguing trends in the turquoise trade. The 2024 data highlights a notable increase in imports of "Precious stones (excl diamonds), unworked or simply sawn," totaling 23,254 kg valued at $2. 12 million. This marks a significant increase from 2023"s import of 7,081 kg worth $1. 42 million, indicating a robust demand and a nearly threefold rise in imports by volume. On the export front, 2024 witnessed a moderate export volume of 224 kg valued at $705,647, compared to 2023"s larger export volume of 6,782 kg, albeit at a lower value of $87,258. This suggests that while the volume of exports has decreased, the value per kg in 2024 has risen, indicating a possible shift towards exporting higher quality or more processed turquoise, which commands a premium price. The re-export figures also present an interesting contrast.

In 2023, 6,761 kg were re-exported at a value of $37,024, while 2024 shows a drastic drop to 0. 145 kg valued at $459. This sharp decline reflects a strategic shift perhaps to retain more turquoise for domestic processing and export. Price trends for turquoise are significantly influenced by global demand for precious stones and local market dynamics. The increase in import value suggests rising costs or demand for higher-grade raw turquoise, potentially prompted by the global luxury market"s recovery. For businesses seeking to capitalize on Sri Lanka"s growing gemstone market, platforms like Aritral offer invaluable tools. Aritral"s services, including Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, equip businesses to efficiently navigate and thrive in the international trade of turquoise and other precious stones. "