Which Country Exports the Most Diamonds and Other Precious Stones in the World?
Other Mining And Quarrying May 28, 2018
In 2016, approx. 1.8K tonnes of diamond were exported worldwide; rising by 15% against the previous year figure. In general, diamond exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016, when export increased by 15% from the previous year level. Over the period under review, global diamond exports attained its maximum volume of 11K tonnes in 2007; however, from 2008 to 2016, it failed to regain its strength.
In value terms, diamond exports stood at $134B in 2016. Overall, it indicated a tangible growth from 2007 to 2016: the total exports value decreased at an average annual rate of -18.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, diamond exports decreased by -15.7% against its level of 2011. Global diamond export peaked of $158B in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.
Top Diamond Exporting Countries in the World
1. United Arab Emirates (12.8 billion USD)
2. Angola (1.1 billion USD)
3. Italy (0.1 billion USD)
4. Guinea (0.0 billion USD)
5. Central African Republic (0.0 billion USD)
6. Pakistan (0.0 billion USD)
7. Guatemala (0.0 billion USD)
Diamond Exports By Country
Guatemala (1.6K tonnes) prevails in diamond exports structure, amounting to 1.6K tonnes, which was approx. 89% of total exports in 2016. The following exporters - Central African Republic (42 tonnes), and Italy (36 tonnes) occupied near 4% of total exports, each. United Arab Emirates, Guinea, Angola, and Pakistan countries took the negligible share of total exports.
From 2007 to 2016, average annual rates of growth with regard to diamond exports from Guatemala stood at +20.0%. At the same time, Pakistan (+206.9%), Italy (+10.8%), and United Arab Emirates (+9.9%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest growing importer/exporter in the world, with a CAGR of +206.9% from 2007-2016. By contrast, Angola (-18.0%), Central African Republic (-22.5%), and Guinea (-50.7%) illustrated a downward trend over the same period. From 2007 to 2016, the share of Guinea, Central African Republic, and Angola increased by 559%, 21%, and 4% percentage points, while Guatemala (-72.2%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, United Arab Emirates ($13B) emerged as the largest diamond supplier in the world, making up 10% of global exports. The second position in the ranking was occupied by Angola ($1.1B), with the share of 0.8% of global exports. It was followed by Italy, with the share of 0.1%.
From 2007 to 2016, the average annual rate of growth in terms of value of diamond exports in United Arab Emirates stood at +14.2%. The remaining exporting countries recorded the following average annual rates: Angola (-1.0% per year) and Italy (+1.0% per year).
Diamond Export Prices By Country
Do you want to know more about global diamond market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- diamond market share
- diamond prices
- diamond industry
- diamond sales
- diamond import
- diamond export
- diamond market forecast
- diamond price forecast
- key diamond producers
All data provided in this article covers the following product: HS Code 7102 - Diamonds, whether or not worked, but not mounted or set.
Source: World: Diamonds And Other Precious Stones (Unworked) - Market Report. Analysis and Forecast to 2025
