The Pakistani gemstone market, particularly the trade of rubies, has shown interesting dynamics in 2024. With its rich deposits, Pakistan continues to be a significant player in the global gemstones market, particularly in West Asia. In 2024, Pakistan"s export of worked rubies, sapphires, and emeralds reached an impressive 3,475 carats, valued at $86,067. 55. This indicates a strategic focus on exporting higher-value gemstones. In contrast, the import volume was significantly lower at 5 carats, valued at $203. 60. This disparity highlights Pakistan"s role as a net exporter, leveraging its natural resources for economic gains.

Examining the unworked precious stones category, which includes rubies, the export volume in 2024 was 734. 301 kg, generating revenue of $4. 52 million. This represents a reduction compared to the 2023 export volume of 1,917. 593 kg valued at $5. 21 million. The 2024 import volume of 879. 543 kg, $928,143.

54, indicates a robust demand for raw gemstones, likely for further processing and re-export. The trend from 2021 to 2024 shows a decline in both export volume and value, signaling potential challenges in sustaining export levels. This could be attributed to increased competition, changes in global demand, or internal market adjustments. For businesses exploring opportunities in Pakistan’s ruby market, understanding these dynamics is crucial. Access to reliable supplier information and market trends is essential for making informed decisions. For businesses seeking to explore trade opportunities in Pakistan’s vibrant gemstone sector, Aritral offers an AI-driven B2B platform that simplifies international trade. From product listings to AI-powered marketing, Aritral provides comprehensive tools to connect with key suppliers and manage profiles effectively, facilitating global sales and direct communication.