In an unexpected turn, Georgia"s gemstones market is facing a transformative period, fueled by both internal economic dynamics and international demand shifts. The export of ores and metals constituted 33. 1% of total merchandise exports in 2022, a slight increase from the previous year, highlighting a robust export sector supporting the gemstone industry. However, the import of ores and metals has seen a consistent decline, from 8. 5% in 2020 to 7. 5% in 2022, indicating a potential shift towards self-sufficiency or increased local sourcing. The data on Georgia’s economic indicators presents a mixed picture. While the country enjoys full access to electricity, aiding industrial and jewelry production, inflation rates have surged, with the GDP deflator increasing by 8.

1% in 2022. This inflationary pressure could impact production costs for gemstones such as Lapis lazuli and Spinel. Furthermore, the significant growth in GNI per capita by over 10% in 2022 signals increased domestic purchasing power, potentially boosting local demand for luxury items like gemstones. Globally, Georgia faces competition from traditional gemstone powerhouses but presents unique opportunities due to its diverse mineralogical deposits, including Agate and Amber. The challenge remains in navigating trade barriers and optimizing production costs amidst fluctuating energy levels, as indicated by the energy intensity level of primary energy which stands at 3. 64 MJ/$2017 PPP GDP. The strategic focus for businesses should be on enhancing export strategies and leveraging the strong secondary income inflows, which rose to $3 billion in 2022, to invest in gemstone processing capabilities. To address these market challenges and optimize trade operations, platforms like Aritral.

com offer valuable services. Aritral is an AI-driven B2B platform that simplifies international trade in commodities and raw materials. Businesses in the gemstones sector can benefit from services such as Product Listing and AI-Powered Marketing to enhance visibility and connect with global buyers. Direct Communication and Global Sales Assistance further enable seamless transactions and market expansion, supporting growth in the competitive gemstone market. "