Saudi Arabia"s diamond market has shown varied trends in 2021, with significant activity in both imports and exports. The primary focus has been on non-industrial and industrial diamonds, as well as diamond dust, revealing interesting dynamics in trade volume and pricing. In 2021, the import of unsorted diamonds, whether or not worked, reached a substantial 110,000 carats, valued at approximately $240,885. This indicates robust demand for raw diamonds in the Saudi market. Industrial diamonds, though less in quantity at 5,000 carats, had a value of just over $302, highlighting their lower market price compared to non-industrial diamonds. Notably, Saudi Arabia imported 549,370. 796 carats of diamond dust in 2021, marking a significant increase from the previous year"s 65,000 carats. The value for diamond dust imports also rose from $15,857.
60 in 2020 to $23,102. 13 in 2021, suggesting a growing industrial use or processing capability within the kingdom. Re-exports and exports of non-industrial diamonds were recorded at 5,000 carats each, with a total value of around $10,100. This reflects a niche but consistent re-export market, possibly serving neighboring regions with processed or refined products. Overall, the data demonstrates Saudi Arabia"s strategic positioning in the diamond market, balancing between raw imports and selective exports. As the demand for gemstones grows, businesses can explore opportunities in this market. Aritral, an AI-driven B2B platform, offers valuable resources for companies looking to expand in the diamond sector. With tools like Product Listing, Direct Communication, and AI-Powered Marketing, Aritral facilitates efficient international trade and helps businesses connect with suppliers across Saudi Arabia"s dynamic gemstones market.
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