Pakistan"s gemstones market, particularly focusing on lapis lazuli, shows dynamic trade activities and fluctuating price patterns. As of 2024, the import volume for unworked precious stones, including lapis lazuli, stood at 879. 543 kg valued at $928,143. 54. This evidences a significant increase compared to 2023, reflecting a growing demand and possibly an uptick in local processing or re-export activities. In terms of exports, Pakistan shipped 734. 301 kg of unworked stones in 2024, amounting to $4,521,931. 63.

This data indicates a decrease from 2023"s 1,917. 593 kg, valued at $5,206,014. 79, suggesting a tightening in supply or a strategic shift towards value addition through local craftsmanship. The trend for further worked stones, however, paints a different picture. In 2023, Pakistan exported 351,000 carats of further worked stones for $126,466. 19. This is a considerable decline from 2021"s volume of 638,770 carats, indicating fluctuations in demand or a strategic focus on quality over quantity. Overall, the market exhibits a volatile yet promising landscape, driven by both domestic capabilities and international demand.

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