Persian amber

Not many people know, but Russia has 95% of all explored amber reserves in the world. Moreover, all these 95% are located on the territory of the Russian exclave – the Kaliningrad region. According to industry experts, amber is one of the most underrated semi-precious stones. However, the situation may change. Following China, the countries of the Persian Gulf show particular interest in amber.

From June 16 to June 18, the International Economic Forum of the Amber Industry will be held in Kaliningrad, Russia. The key participants of the Forum will be the countries of the Middle East and the Persian Gulf. Representatives of these countries are interested in industrial supplies of semi-precious stone. Now is the best time to redirect supplies of amber from Russia, since most of the contracts between the Amber Combine and European buyers have either not been extended or terminated. The reason for this is quite obvious – Moscow’s military campaign in Ukraine. Against this background, the countries of the Middle East and the Persian Gulf can intercept the entire flow of amber exports that was mined at the deposits in Kaliningrad for the needs of European companies. As a result of the Forum, a large number of agreements and contracts will be signed. It is on the basis of these signings that it will become clear which countries will become the largest buyers of amber, in addition to China.