Overview of the Market for Precious Stone And Pearl in Iceland
The revenue of the precious stone and pearl market in Iceland rose modestly to $ in 2019, surging by % against 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). In general, consumption, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of % year-to-year. Over the period under review, the market attained the maximum level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.