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

In 2024, stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set trade exhibited significant decline, with global flows reaching $2,391,685,907 and a three-year compound annual growth rate of +0.3% (five-year: +0.5%). The all-time peak of $20,246,493,513 was recorded in 2014; the current level is 88% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+19.6% acceleration).

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

The supply side is diversified (Herfindahl-Hirschman Index 0.082). The three largest exporters — Thailand ($408.5M), Hong Kong ($302.9M), and United States ($242.3M) — collectively dominate supply flows. The leading exporter has grown at +36.3% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.124). The three largest import markets are United States ($586.8M), Hong Kong ($424.1M), and Thailand ($279.2M). The largest importing market sources from 88 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 Thailand → Hong Kong at $118.9M, representing 28.0% of the importer's total demand.

The volatility score for stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set is 37 out of 100, classified as low. Trade flows are moderately variable, typical for goods with seasonal or cyclical demand patterns.

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.