CIS: Precious Stones Market 2020

Precious Stones Market Size in CIS

The revenue of the precious stones market in CIS amounted to $X in 2017, going down by -X% against the previous year. The precious stones consumption continues to indicate an abrupt descent. The most prominent rate of growth was recorded in 2009, with an increase of X% against the previous year. In that year, the precious stones market attained their peak level of $X. From 2010 to 2017, growth of the precious stones market failed to regain its momentum.

Precious Stones Production in CIS

In 2017, production of precious and semi-precious stones in CIS stood at X tons, approximately mirroring the previous year. The precious stones production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when the output figure increased by X% year-to-year. The volume of precious stones production peaked in 2017, and is expected to retain its growth in the immediate term.

Precious Stones Exports in CIS

The exports totaled X tons in 2017, surging by X% against the previous year. The precious stones exports continue to indicate a remarkable growth. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. The volume of exports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, precious stones exports stood at $X in 2017. The precious stones exports continue to indicate a prominent growth. Over the period under review, the precious stones exports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Precious Stones Exports by Country in CIS

In 2017, Russia (X tons) was the key exporter for precious and semi-precious stones, mixed up X% of total exports. It was distantly followed by Kazakhstan (X tons), creating X% share of total exports. Armenia (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Armenia (+X%) and Kazakhstan (+X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest growing exporter in CIS, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Armenia, Kazakhstan and Russia decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest precious stones supplier in CIS, making up X% of global exports. The second position in the ranking was occupied by Armenia ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

In Russia, precious stones exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Armenia (+X% per year) and Kazakhstan (+X% per year).

Precious Stones Export Prices by Country in CIS

In 2017, the precious stones export price in CIS amounted to $X per kg, dropping by -X% against the previous year. The export price indicated a measured increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the precious stones export price decreased by -X% against 2011 indices. The pace of growth appeared the most rapid in 2009, when the export prices increased by X% year-to-year. Over the period under review, the export prices for precious and semi-precious stones attained its maximum level of $X per kg in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Russia ($X per kg), while Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Russia (+X% per year), while the other leaders experienced a decline in the export price figures.

Precious Stones Imports in CIS

In 2017, precious stones imports in CIS amounted to X tons, coming up by X% against the previous year. The precious stones imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017, with an increase of X% y-o-y. In that year, the precious stones imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, precious stones imports totaled $X in 2017. The precious stones imports continue to indicate a moderate deduction. Over the period under review, the precious stones imports reached its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Precious Stones Imports by Country in CIS

Russia represented the major importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Armenia (X tons), committing X% share of total imports. Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest growing in terms of the precious and semi-precious stones imports, with a CAGR of +X% from 2007 to 2017. At the same time, Kazakhstan (+X%) displayed positive paces of growth. By contrast, Armenia (-X%) illustrated a downward trend over the same period. Armenia (X%) significantly strengthened its position in terms of the global imports, while Russia saw its share reduced by -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest precious stones markets worldwide were Russia ($X), Armenia ($X) and Kazakhstan ($X), with a combined X% share of total imports.

In terms of the main importing countries , Kazakhstan (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced mixed trends in the imports figures.

Precious Stones Import Prices by Country in CIS

In 2017, the precious stones import price in CIS amounted to $X per kg, lowering by -X% against the previous year. The precious stones import price continues to indicate a deep descent. The growth pace was the most rapid in 2011, when the import prices increased by X% against the previous year. In that year, the import prices for precious and semi-precious stones reached their peak level of $X per kg. From 2012 to 2017, growth of the import prices for precious and semi-precious stones stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Armenia ($X per kg), while Kazakhstan ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kazakhstan (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform