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Gemstones: top exporters and importers (2024)

In 2024, world trade in gemstones totaled $9.5 billion (200 thousand tonnes). The top exporters were Thailand (14%), the United States (12%) and India (9%); the top importers were Hong Kong (25%), the United States (23%) and Switzerland (9%). Compared with 2019, the value rose 16%.

Summary

World trade
$9.5billion
Tonnes
200thousand tonnes
Price per tonne
$41,173
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Thailand$1.3 billion · 14.1%
  2. United States$1.2 billion · 12.1%
  3. India$852 million · 8.9%
  4. Hong Kong$768 million · 8.1%
    re-exports
  5. Switzerland$633 million · 6.6%
  6. Zambia$504 million · 5.3%
  7. Sri Lanka$478 million · 5%
  8. Mozambique$360 million · 3.8%
  9. Brazil$351 million · 3.7%
  10. France$347 million · 3.6%
  11. Colombia$323 million · 3.4%
  12. China$250 million · 2.6%
  13. Myanmar$210 million · 2.2%
  14. Israel$203 million · 2.1%
  15. Germany$200 million · 2.1%
  16. Singapore$191 million · 2%
    re-exports
  17. Madagascar$188 million · 2%
  18. Italy$172 million · 1.8%
  19. United Arab Emirates$146 million · 1.5%
  20. United Kingdom$127 million · 1.3%

Top importers

  1. Hong Kong$2.4 billion · 25.4%
    re-exports
  2. United States$2.2 billion · 22.7%
  3. Switzerland$882 million · 9.3%
  4. Thailand$828 million · 8.7%
  5. India$529 million · 5.6%
  6. China$495 million · 5.2%
  7. France$454 million · 4.8%
  8. Italy$324 million · 3.4%
  9. United Arab Emirates$234 million · 2.5%
  10. Israel$213 million · 2.2%
  11. United Kingdom$184 million · 1.9%
  12. Singapore$176 million · 1.9%
    re-exports
  13. Japan$122 million · 1.3%
  14. Germany$107 million · 1.1%
  15. Australia$52 million · 0.54%
  16. Belgium$38 million · 0.4%
    re-exports
  17. Russia$35 million · 0.37%
  18. Armenia$26 million · 0.27%
  19. Sri Lanka$20 million · 0.21%
  20. Canada$19 million · 0.2%

Trend

Who sells it

Thailand has been the top exporter since 2019

Value in USD billions. The five largest exporters in 2024.

  • Thailand 1.3
  • United States 1.2
  • India 0.85
  • Hong Kong 0.77
  • Switzerland 0.63

Source: CEPII BACI

Show the numbers
Country19952024
Thailand0.51.3
United States0.231.2
India0.20.85
Hong Kong0.280.77
Switzerland0.220.63

Price

Implied price

The price per tonne rose 76% since 2000

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $41,173

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995—
1996—
1997—
1998—
1999—
2000$23,433
2001$23,131
2002$20,116
2003$14,726
2004$20,018
2005$23,395
2006$16,410
2007$27,604
2008$31,654
2009$14,038
2010$13,215
2011$22,133
2012$34,284
2013$45,734
2014$51,328
2015$14,604
2016$24,795
2017$20,089
2018$17,808
2019$31,167
2020$19,497
2021$37,371
2022$59,295
2023$58,900
2024$41,173

What it includes

  • 7103 · Gemstones

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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