Upcoming Trade Shows in Spain for Gems

Spain’s gemstone industry ended 2022 with a strong finish as it registered a significant upturn from previous years, especially when looking at the precious stone and pearl sectors combined. Over the course of ten years from 2012 to 2022, the market proved itself to be lucrative and robust, demonstrating sustained growth, albeit with occasional fluctuations in consumption patterns, which reached a peak in 2016. Subsequent years saw consumption figures stabilize at slightly lower levels. In 2022, Spain saw an increase in shipments abroad of cultured pearls, precious or semi-precious stones, following a two-year decline. This has been the first strong return after notable spikes back in 2014 and a peak in 2017. From 2018 to 2022, exports failed to regain the same momentum, although still showing an overall increase. This growth trend was also reflected in the value of exports, which soared in 2022. The United States, Panama, and Hong Kong SAR were the primary destinations for Spain’s precious stone and pearl exports with Qatar, Greece, France, Mexico, Portugal, the UK, Israel, Peru, and Switzerland following closely behind. Although most leading destinations experienced stable growth rates, Greece ranked first in shipments from 2012 to 2022. In terms of export value, Hong Kong SAR, Israel and Switzerland stood out as the largest markets for Spain’s gemstone exports, with the United States, France, Mexico, Portugal, Panama, the UK, Qatar, Greece and Peru also contributing to the market. It’s worth noting that Greece demonstrated the highest growth rates in export value over the review period, yet again, cementing itself as a major partner for Spain’s gemstone industry. Overall, Spain is expected to continue its upward trajectory and thrive amidst global demand surges.