Overview of the Market for Precious Stone And Pearl in Cyprus
The revenue of the precious stone and pearl market in Cyprus reached $ in 2019, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a perceptible reduction. The growth pace was the most rapid in 2014 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to 2019, consumption stood at a somewhat lower figure.