The 2023 data indicates that the United States leads the global market for worked but unset rubies, sapphires, and emeralds, followed by Thailand, Switzerland, and India. The U.S. saw a year-on-year growth of over 4%, while notable annual growth rates were observed in emerging markets like Tanzania and the Czech Republic. Switzerland experienced a slight decline, whereas countries like Belgium, Canada, and Austria faced sharper decreases. The industry showcases robust expansions in non-traditional markets, even amidst slight contractions in other areas.
Looking ahead, the global gems market is expected to witness further diversification as developing countries increase their market share. Technological advancements in gem processing and sustainable mining practices could drive future growth, while geopolitical and economic shifts may alter trade dynamics. Additionally, increasing consumer demand for ethically sourced gemstones will likely influence trading patterns and export figures.
Top countries in Export 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 | 2,291,600,000 | 2023 | +4.43% | +4.45% | View data |
| 2 | 2 Thailand | 1,032,900,000 | 2023 | +3.93% | +4.43% | View data |
| 3 | 3 Switzerland | 781,390,000 | 2023 | +1.95% | -1.85% | View data |
| 4 | 4 India | 297,880,000 | 2023 | +2.57% | +3.34% | View data |
| 5 | 5 France | 251,100,000 | 2023 | +3.93% | +4.41% | View data |
| 6 | 6 Mozambique | 237,800,000 | 2023 | +5.75% | +3.77% | View data |
| 7 | 7 United Arab Emirates | 226,790,000 | 2023 | +2.05% | +3.25% | View data |
| 8 | 8 Italy | 191,140,000 | 2023 | +4.49% | +2.83% | View data |
| 9 | 9 Germany | 151,200,000 | 2023 | +3.78% | +3.41% | View data |
| 10 | 10 United Kingdom | 151,090,000 | 2023 | -1.17% | +1.94% | View data |
