Cut rubies, sapphires and emeralds trade by country: top importers, exporters and prices
World trade in cut rubies, sapphires and emeralds was worth $5.58 billion in 2024, about 63 tonnes. That is a fall of 1% since 2017, and down 15% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $5.58B | 63 t |
| 2023 | $6.60B | 68 t |
| 2022 | $4.97B | 100 t |
| 2021 | $4.24B | 299 t |
| 2020 | $2.78B | 81 t |
| 2019 | $5.19B | 95 t |
| 2018 | $5.59B | 14.6K t |
| 2017 | $5.65B | 50 t |
Top cut rubies, sapphires and emeralds exporting countries
The United States is the largest exporter with 21% of world exports, followed by Thailand and Switzerland. The top three supply 46% between them, out of 109 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| United States | $1.15B | 21% |
| Thailand | $844.4M | 15% |
| Switzerland | $546.5M | 9.8% |
| Hong Kong | $517.7M | 9.3% |
| India | $327.2M | 5.9% |
| Sri Lanka | $293.6M | 5.3% |
| France | $267.8M | 4.8% |
| Mozambique | $234.8M | 4.2% |
| Zambia | $228.4M | 4.1% |
| Colombia | $183.8M | 3.3% |
| United Kingdom | $137.4M | 2.5% |
| Israel | $134.8M | 2.4% |
Top importing countries and buyer markets
Hong Kong is the biggest buyer with 27% of world imports, ahead of the United States and Switzerland. Demand is concentrated: the top three take 64% across 121 importing countries.
| Importer | Value | Share |
|---|---|---|
| Hong Kong | $1.51B | 27% |
| United States | $1.26B | 23% |
| Switzerland | $784.4M | 14% |
| Thailand | $592.9M | 11% |
| France | $364.9M | 6.5% |
| Italy | $219.7M | 3.9% |
| United Arab Emirates | $170.8M | 3.1% |
| United Kingdom | $168.5M | 3% |
| India | $83.5M | 1.5% |
| China | $76.6M | 1.4% |
| Germany | $51.1M | 0.9% |
| Japan | $48.8M | 0.9% |
Average price per kg
The world average declared value was about $88,221.98 per kg in 2024. Among the main exporters, Thailand averaged $68,199.98 per kg and India $52,264.62 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Related product types
Who is behind these numbers in this market?
The shipment records behind Cut rubies, sapphires and emeralds (HS 7103.91) importers and exporters, worldwide: companies, dates, quantities and declared values.
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7103.91: Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set. HS 7103 codes.
Common questions
Which countries export the most cut rubies, sapphires and emeralds?
The United States exported $1.15 billion in 2024, 21% of the world total, followed by Thailand (15%) and Switzerland (10%). In all, 109 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most cut rubies, sapphires and emeralds?
Hong Kong imported $1.51 billion in 2024, 27% of world imports, ahead of the United States (23%) and Switzerland (14%). The top three importers together take 64%. Each country with its own page is linked from the table.
How big is the world trade in cut rubies, sapphires and emeralds?
It was worth $5.58 billion in 2024, about 63 tonnes. That is a fall of 1% since 2017. The peak year was 2023 at $6.60 billion. 109 countries reported exports and 121 reported imports.
What is the average price of cut rubies, sapphires and emeralds per kg?
The world average declared value was about $88,221.98 per kg in 2024. Among the main exporters, Thailand averaged $68,199.98 per kg and India $52,264.62 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for cut rubies, sapphires and emeralds?
The HS code for cut rubies, sapphires and emeralds is subheading 7103.91, in chapter 71 (natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 7103 page.
How can I find cut rubies, sapphires and emeralds buyers and suppliers?
The rankings here stop at countries; EximDataX goes down to the companies trading cut rubies, sapphires and emeralds, from direct customs feeds and mirror data. Tell us your markets to see them live.
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