Overview This page contains the latest trade data of Precious Stones. In 2020, Precious Stones were the world's 522nd most traded product, with a total trade of $4.37B. Between 2019 and 2020 the exports of Precious Stones decreased by -50.2%, from $8.78B to $4.37B. Trade in Precious Stones represent 0.026% of total world trade.
Precious Stones are a part of Precious stones, metals, & pearls. They include Rubies, sapphires and emeralds worked but not set, Precious & semi-precious stones, nes, worked, not set, and Precious, semi-precious stones unworked, partly worke.
Exports In 2020 the top exporters of Precious Stones were United States ($788M), Thailand ($591M), Switzerland ($491M), India ($326M), and Hong Kong ($275M).
Imports In 2020 the top importers of Precious Stones were Hong Kong ($924M), United States ($785M), Switzerland ($469M), France ($383M), and Thailand ($371M).
Tariffs In 2018 the average tariff for Precious Stones was 8.2%, making it the 526th lowest tariff using the HS4 product classification.
Ranking Precious Stones ranks 841st in the Product Complexity Index (PCI).
Description Precious stones and semi-precious stones are used in jewelry, such as rings, necklaces, earrings, bracelets, and other items. They can be made from a variety of materials, including diamonds, rubies, sapphires, emeralds, opals, amethysts, garnets and tourmalines.