Saudi Arabia"s gemstones market, particularly Lapis Lazuli, shows a dynamic import and export landscape. Recent years have witnessed significant fluctuations in trade volumes and values, reflecting broader economic conditions and the evolving demand for gemstones. In 2023, the import value for precious or semi-precious stones unworked stood at $13,632. 53, a notable decrease from $202,020. 26 in 2022. This drop suggests a declining demand or a strategic shift in import focus. Conversely, the import of articles of precious stones saw a substantial increase to $37,358,720. 67 from $27,385,635.

05 in 2022, indicating a growing preference for finished gemstone articles. The import of further worked precious stones has been notable, with 2021 seeing a massive 178,480,863. 39 carats imported, while 2022 imports dropped to 10,841,443. 13 carats. This drastic reduction in import volume, yet increased value, suggests a shift towards higher-quality stones or a focus on value addition domestically. Exports, particularly for further worked stones, have remained relatively low, reflecting either a strong domestic market consumption or challenges in penetrating global markets. In 2023, the export value for articles was $3,351,852. 98, consistent with re-export figures, suggesting limited new market reach.

Saudi Arabia continues to be a vital player in the global gemstones market with its strategic shifts towards value-added products. Aritral offers a powerful AI-driven B2B platform that can assist businesses in this sector by providing Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, simplifying international trade complexities and enhancing market reach. "