Stones: precious (other than diamonds) and semi-precious stones, unworked or simply sawn or roughly shaped, not strung, mounted or set

In 2024, stones: precious (other than diamonds) and semi-precious stones, unworked or simply sawn or roughly shaped, not strung, mounted or set trade exhibited slight decline, with global flows reaching $1,192,602,815 and a three-year compound annual growth rate of +10.1% (five-year: -1.7%). The all-time peak of $2,018,684,710 was recorded in 2014; the current level is 41% below that high-water mark.

Over the 30-year observation window (1995–2024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+15.2% acceleration).

The World Trade Flows Characterization classifies stones: precious (other than diamonds) and semi-precious stones, unworked or simply sawn or roughly shaped, not strung, mounted or set as "Two-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.068). The three largest exporters — Singapore ($160.5M), Zambia ($150.9M), and Hong Kong ($117.4M) — collectively dominate supply flows. The leading exporter has grown at +31.7% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.187). The three largest import markets are India ($361.2M), China ($275.3M), and Hong Kong ($192.9M). The largest importing market sources from 68 different supplying countries.

Estimated substitution elasticity: -17.16. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Zambia → India at $119.8M, representing 33.2% of the importer's total demand.

The volatility score for stones: precious (other than diamonds) and semi-precious stones, unworked or simply sawn or roughly shaped, not strung, mounted or set is 8 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.