The forecast for US imports of rubies, sapphires, and emeralds worked but not set shows a steady growth from 2024 to 2028, increasing from $2.0055 billion to $2.2938 billion. This indicates a consistent upward trend with a year-on-year increase rate of approximately 3.3%. As of 2023, the imports stood at a slightly lower level, driving a positive compound annual growth rate (CAGR) of about 3.3% over the five-year forecast period.
Future trends to watch for include:
- Fluctuations in global gemstone supply and demand.
- Impact of economic factors and consumer preferences on luxury items.
- Evolving trade policies that could affect import costs.
