World - Non-Industrial Diamonds - Market Analysis, Forecast, Size, Trends and Insights
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World - Non-Industrial Diamonds - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Oct 8, 2021

U.S. Diamond Prices Jump Up Amid Acute Demand and Lack of Supply

IndexBox has just published a new report: 'World - Non-Industrial Diamonds - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

U.S. diamond prices continue to rise due to the demand remains solid while product supply is limited. Jewelry sales in the U.S. keep robust, but global diamond mining and cutting remain low compared to pre-pandemic levels, primarily due to the problematic epidemiological situation in India. The return of work at Indian processing plants should help increase supply in the global diamond market and limit the rise in product prices. The recovery in American tourism activity could lead to a decline in demand for jewelry and constrain the price growth.

Key Trends and Insights

According to Fairfield County Diamonds, diamond prices continue to rise. In September 2021, they grew by an average of 0.9% from August 2021. The average price per carat for all diamonds was $11,139.53, up from $11,039.49 a month prior.

The increase in diamond prices was driven by strong demand for jewelry in the U.S. and China set against limited supply as diamond mining and cutting remain low. In the first quarter, global production of rough diamonds fell by 22% to 24 million carats due to mine suspension at the Canadian Ekati diamond mine, the closure of Australia's Argyle mine, and the decrease in activity at other large mining companies.

American demand for jewelry remains strong this year. According to a report from Mastercard's '˜Spending Pulse', US jewelry sales in July 2021 were +82.6% higher than the same period in 2020 and +54.2% higher than those of July 2019.

The positive financial gains for global gem producers confirm the high demand for diamonds. Rough diamond sales from the world's leading supplier in the jewelry industry, De Beers Group, amounted to $3.5B in 2021 and exceeded sales from 2020 ($2.8B). Sales of rough diamonds from the Russian diamond producer Alrosa, in the first half of 2021 amounted to 15.5 million carats, which is 65% higher than last year and 47% higher than Q1 of 2019.

Along with the jump in the incidence of Covid-19, India introduced quarantine restrictions, which led to a drop in factory utilization down to 50-70%, an outflow of migrant workers, and a decrease in the volume of diamond cutting and polishing operations. As the incidence rate has declined since mid-2021, there has been a return to operations and an increase in diamond exports from India. According to the Gem & Jewelry Export Promotion Council (GJEPC), the total gross diamond export in July 2021 was $2.26B, which is up 146% compared to the previous year.

The recovery of large supplies of cut diamonds from India should help limit the rise in prices for the product. An additional factor for prices lowering in the medium term is the gradual recovery of tourist activity, which will contribute to the shift of the population's spending away from the jewelry sector and toward tourism and the entertainment industry.

Non-Industrial Diamond Production

In 2020, approx. 74M carats of non-industrial diamonds were produced worldwide, reducing by -10.6% against the previous year's figure.

The countries with the highest volumes of non-industrial diamond production in 2020 were Russia (24M carats), Canada (17M carats) and Botswana (13M carats), with a combined 65% share of global production. Angola, South Africa, Congo and Namibia lagged somewhat behind, together accounting for a further 35%.

In 2020, the most notable rate of growth in terms of non-industrial diamond production amongst the significant producing countries was attained by Congo, while non-industrial diamond production for the other global leaders experienced a decline in the production figures.

World's Largest Non-Industrial Diamond Importers

In value terms, non-industrial diamond imports reduced from $108.2B in 2019 to $67.9B (IndexBox estimates) in 2020.

China ($5.9B) constitutes the largest market for imported non-industrial diamonds worldwide, comprising 8.8% of global imports. The second position in the ranking was occupied by Thailand ($1.3B), with a 1.9% share of global imports.

In 2020, the value of Chinses imports dropped by -24.3% y-o-y.

World's Largest Non-Industrial Diamond Exporters

In value terms, Belgium ($8.2B) remains the largest non-industrial diamond supplier worldwide, comprising 13% of global exports. The second position in the ranking was occupied by China ($1.1B), with a 1.8% share of global exports.

In 2020, the average annual rate of growth in terms of value in Belgium totalled -29.5%. In the other countries, the average annual rates were as follows: China (-34.3% per year) and Thailand (-33.6% per year).

Source: IndexBox Platform

This report provides an in-depth analysis of the global non-industrial diamond market. 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 2025.


Product coverage:

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
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5. How to make your supply chain more sustainable
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8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Physical Terms, By Country, 2007–2021
Table 7:
Imports, In Value Terms, By Country, 2007–2021
Table 8:
Import Prices, By Country Of Destination, 2007–2021
Table 9:
Exports, In Physical Terms, By Country, 2007–2021
Table 10:
Exports, In Value Terms, By Country, 2007–2021
Table 11:
Export Prices, By Country Of Origin, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2021
Figure 17:
Production, In Value Terms, 2007–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2007–2021
Figure 20:
Imports, In Physical Terms, 2007–2021
Figure 21:
Imports, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2007–2021
Figure 24:
Imports, In Value Terms, By Country, 2007–2021
Figure 25:
Import Prices, By Country, 2007–2021
Figure 26:
Exports, In Physical Terms, 2007–2021
Figure 27:
Exports, In Value Terms, 2007–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2007–2021
Figure 30:
Exports, In Value Terms, By Country, 2007–2021
Figure 31:
Export Prices, 2007–2021
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