The United States leads global imports of worked rubies, sapphires, and emeralds, emphasizing its enduring market demand despite the global decline. Significant growth in India (16.41%) and the Czech Republic (66.34%) illustrates potential new supply chain dynamics. Although Switzerland faced a minor decline of 0.4%, France and China demonstrated substantial year-on-year growth. Notable fluctuations include Costa Rica's remarkable increase and Saudi Arabia's steep decline. In recent years, emerging markets have experienced impressive growth, whereas traditional luxury markets have shown slight declines or steady trends.
Future trends to watch include:
- Continued growth in emerging markets, potentially challenging traditional luxury strongholds.
- Increased scrutiny in global trade policies potentially affecting import dynamics.
- Sustainability and transparency considerations in gemstone sourcing becoming more critical for market competitiveness.
Top countries in Import of Rubies, Sapphires and Emeralds Worked But Not Set by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,928,700,000 | 2023 | +3.76% | +4.03% | View data |
| 2 | 2 Switzerland | 876,370,000 | 2023 | +2.22% | -0.4% | View data |
| 3 | 3 India | 501,100,000 | 2023 | +0.3% | +16.41% | View data |
| 4 | 4 Italy | 446,440,000 | 2023 | +5.12% | +1.86% | View data |
| 5 | 5 Thailand | 436,670,000 | 2023 | +4.28% | +4.36% | View data |
| 6 | 6 France | 429,650,000 | 2023 | +3.84% | +3.57% | View data |
| 7 | 7 China | 312,260,000 | 2023 | -2.6% | +8.71% | View data |
| 8 | 8 United Arab Emirates | 170,290,000 | 2023 | +1.53% | +4.73% | View data |
| 9 | 9 Germany | 159,140,000 | 2023 | +4.27% | +4.05% | View data |
| 10 | 10 United Kingdom | 93,748,000 | 2023 | -5.86% | -2.19% | View data |
