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Synthetic gemstones: top exporters and importers (2024)

In 2024, world trade in synthetic gemstones totaled $4.6 billion (7 thousand tonnes). The top exporters were India (39%), China (14%) and Hong Kong (13%); the top importers were India (24%), the United States (24%) and Hong Kong (15%). Compared with 2019, the value rose 101%.

Summary

World trade
$4.6billion
Tonnes
7thousand tonnes
Price per tonne
$675,223
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. India$1.8 billion · 38.6%
  2. China$663 million · 14.5%
  3. Hong Kong$606 million · 13.3%
    re-exports
  4. United States$514 million · 11.2%
  5. United Arab Emirates$272 million · 5.9%
  6. Thailand$134 million · 2.9%
  7. Zambia$119 million · 2.6%
  8. Belgium$64 million · 1.4%
    re-exports
  9. Japan$42 million · 0.91%
  10. Israel$41 million · 0.91%
  11. Austria$40 million · 0.88%
  12. Switzerland$38 million · 0.84%
  13. Russia$37 million · 0.8%
  14. United Kingdom$29 million · 0.63%
  15. Germany$28 million · 0.6%
  16. France$19 million · 0.41%
  17. Canada$14 million · 0.31%
  18. Malaysia$13 million · 0.29%
  19. Netherlands$13 million · 0.29%
    re-exports
  20. Armenia$12 million · 0.26%

Top importers

  1. India$1.1 billion · 24%
  2. United States$1.1 billion · 24%
  3. Hong Kong$709 million · 15.5%
    re-exports
  4. United Arab Emirates$560 million · 12.2%
  5. Thailand$237 million · 5.2%
  6. China$186 million · 4.1%
  7. Belgium$55 million · 1.2%
    re-exports
  8. Ireland$52 million · 1.1%
  9. United Kingdom$51 million · 1.1%
  10. South Korea$50 million · 1.1%
  11. Israel$48 million · 1.1%
  12. Switzerland$43 million · 0.94%
  13. Canada$40 million · 0.87%
  14. Germany$34 million · 0.75%
  15. Vietnam$33 million · 0.71%
  16. Australia$32 million · 0.69%
  17. Japan$29 million · 0.64%
  18. Singapore$21 million · 0.45%
    re-exports
  19. France$19 million · 0.41%
  20. Taiwan$19 million · 0.41%

Trend

Who sells it

India has been the top exporter since 2020

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

  • India 1.8
  • China 0.66
  • Hong Kong 0.61
  • United States 0.51
  • United Arab Emirates 0.27

Source: CEPII BACI

Show the numbers
Country19952024
India< 0.011.8
China0.030.66
Hong Kong0.010.61
United States0.040.51
United Arab Emirates< 0.010.27

Price

Implied price

The price per tonne rose 497% since 2000

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

  • 2024: $675,223

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995—
1996—
1997—
1998—
1999—
2000$113,183
2001$115,743
2002$110,532
2003$104,257
2004$98,128
2005$88,486
2006$81,141
2007$95,870
2008$121,037
2009$53,326
2010$98,232
2011$211,090
2012$202,699
2013$231,877
2014$351,331
2015$324,298
2016$370,800
2017$315,202
2018$305,325
2019$602,751
2020$519,476
2021$1,194,541
2022$1,460,686
2023$1,620,278
2024$675,223

What it includes

  • 7104 · Synthetic 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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