Pakistan"s gemstone market, particularly amber, is experiencing significant shifts, reflecting broader global trends. In 2024, Pakistan"s export of precious and semi-precious stones, excluding diamonds, reached 734. 301 kg, valued at approximately $4. 52 million. This marks a noticeable decline from 2023"s 1,917. 593 kg and its $5. 2 million valuation, indicating a contraction in export volume but an increase in export value per kg, showcasing a potential rise in amber prices. The import side tells a different story; the quantity of imported amber in 2024 was 879.

543 kg, valued at $928,143. 54, a substantial increase from 2023"s 136. 113 kg and $177,772. 84. This suggests that while Pakistan is reducing its export volumes, it is simultaneously increasing its import volumes, potentially to meet domestic demand or to re-export after further processing. Price per unit of imported stones also highlights a growing cost, moving from approximately $1,306 per kg in 2023 to over $1,055 per kg in 2024. In contrast, export unit prices increased from $2,711 per kg in 2023 to $6,158 in 2024, illustrating a significant value addition or price inflation in the international market. These dynamics indicate a shift in Pakistan"s strategy towards enhancing its role as a processing hub, possibly exploiting its strategic location in West Asia.

The focus might be on importing raw materials, adding value through local craftsmanship, and exporting higher-value products. For businesses aiming to explore the burgeoning opportunities in Pakistan"s gemstones market, platforms like Aritral. com can be invaluable. Aritral offers an AI-driven ecosystem for B2B trade, facilitating product listings, direct communication with suppliers, and leveraging global sales assistance and AI-powered marketing strategies to navigate the complex international trade landscape.