In 2023, the US imported $655 million worth of worked precious and semi-precious stones. Forecasted data suggest a steady growth in imports, reaching $734.32 million by 2028. Year-on-year growth is estimated at 2.5% to 2.9% from 2024 to 2028, emphasizing a consistent upward trend. The compound annual growth rate (CAGR) over the forecast period is approximately 2.79%, indicating a stable increase in demand for these stones in the US market.
Future trends to watch for include potential changes in consumer preferences, the impact of economic conditions on luxury spending, and developments in alternative materials. Additionally, geopolitical factors and trade policies may influence import levels and market dynamics.
