Canada - Diamonds And Other Precious Stones (Unworked) - Market Analysis, Forecast, Size, Trends and Insights
Diamond Prices in Canada Jump 10%, Averaging $592K per kg
Canada Diamond Export Price in October 2022
In October 2022, the diamond price amounted to $592K per kg (FOB, Canada), increasing by 10% against the previous month. Overall, export price indicated a slight increase from October 2021 to October 2022: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, diamond export price decreased by -9.0% against August 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 29% m-o-m. Over the period under review, the average export prices hit record highs at $739 thousand per kg in April 2022; however, from May 2022 to October 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($666 thousand per kg), while the average price for exports to India ($287 thousand per kg) was amongst the lowest.
From October 2021 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
|COUNTRY||Oct 2021||Nov 2021||Dec 2021||Jan 2022||Feb 2022||Mar 2022||Apr 2022||May 2022||Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022|
|Thousand USD Per Kg|
Canada Diamond Exports
In October 2022, overseas shipments of diamonds and other precious stones (unworked) increased by 32% to 321 kg for the first time since July 2022, thus ending a two-month declining trend. Over the period under review, exports, however, showed a slight reduction. The pace of growth was the most pronounced in July 2022 when exports increased by 242% against the previous month. The exports peaked at 370 kg in October 2021; however, from November 2021 to October 2022, the exports failed to regain momentum.
In value terms, diamond exports soared to $190M (IndexBox estimates) in October 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when exports increased by 308% against the previous month. Over the period under review, the exports reached the maximum at 202K tons in January 2022; however, from February 2022 to October 2022, the exports stood at a somewhat lower figure.
Canada Diamond Exports by Country
Belgium (228 kg) was the main destination for diamond exports from Canada, with a 71% share of total exports. Moreover, diamond exports to Belgium exceeded the volume sent to the second major destination, Botswana (62 kg), fourfold.
From October 2021 to October 2022, the average monthly rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Botswana (-2.3% per month) and India (-4.3% per month).
In value terms, Belgium ($152M) remains the key foreign market for diamond exports from Canada, comprising 80% of total exports. The second position in the ranking was held by Botswana ($26M), with a 14% share of total exports.
From October 2021 to October 2022, the average monthly rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Botswana (-1.8% per month) and India (-1.5% per month).
This report provides an in-depth analysis of the diamond market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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