Industrial Diamond Market - U.S. Exports of Diamonds Increased by 4% to $23.3M in 2014

Other Mining And Quarrying July 20, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

industrial diamond market

The U.S. moved up to the 3rd spot in the global diamond trade. In 2014, the U.S. exported 800 kg of diamonds totaling 23.3 million USD, 4% over the previous year. Its primary trading partner was Japan, where it supplied 35.5% of its total diamond exports in value terms, accounting for 31.4% of Japan's total imports.

From 2007 to 2014, the U.S. was a net importer on the industrial diamond market. Over this period, imports consistently exceeded exports in value terms. The difference in physical terms was even more pronounced in 2014.

Botswana and Zimbabwe were among the other main global suppliers of diamonds in 2014. However, the fastest growing exporters from 2007 to 2014 were Thailand (+33.0% per year) and Singapore (+51.3% per year). Both of these countries were thus able to significantly strengthen their positions in the global export structure.

The U.S.'s top 5 trading partners in 2014 were Japan, Belgium, the United Kingdom, India and the Republic of Korea, with a combined 87.4% share of U.S. diamond exports. The share of Japan increased (+6.9 percentage points), while the share of Belgium illustrated negative dynamics (-2.6 percentage points).

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Source: World: Diamonds (Industrial) - Market Report. Analysis and Forecast to 2020