Iran"s ruby market is a niche sector within the broader gemstone industry, characterized by its export activities. The market data from 2021 to 2022 indicates a consistent value of $300 for further worked rubies, sapphires, and emeralds. Despite the stable pricing, the trade volume for these specific processed gemstones remains minimal, suggesting a potential focus on value addition rather than volume. Conversely, the export of unworked precious or semi-precious stones, excluding diamonds, shows a significant trade volume of 192 kg in 2022, valued at $24,200. This suggests an active engagement in the export of raw gemstones, which could be attributed to Iran"s rich geological deposits and the global demand for such unprocessed materials. Price stability in worked rubies and other precious stones indicates a controlled market environment with established pricing benchmarks. This stability may be appealing to international buyers looking for predictable investment opportunities. For businesses looking to tap into Iran"s gemstone market, understanding these trends is crucial.

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