Which Country Imports the Most Diamonds and Other Precious Stones in the World?

Other Mining And Quarrying May 28, 2018
Author: Anna Sergeeva
Market Analyst

Which Country Imports the Most Diamonds and Other Precious Stones in the World?

IndexBox has just published a new report "World: Diamonds And Other Precious Stones (Unworked) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of diamond imported worldwide totaled 1.2K tonnes, remaining stable against the previous year level. In general, diamond imports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2015, an increase of 67% from the previous year level. In that year, global diamond imports reached its maximum volume of 1.2K tonnes, falling back in the following year.

In value terms, diamond imports totaled $120B in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total imports value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, diamond imports decreased by -20.9% against its level of 2011. Over the period under review, global diamond imports reached its maximum level of $152B in 2011- however, from 2012 to 2016, it failed to regain its strength.

Top Diamond Importing Countries in the World

1. United Arab Emirates (12.5 billion USD)

2. United Kingdom (2.2 billion USD)

3. France (0.8 billion USD)

4. Italy (0.8 billion USD)

5. Zambia (0.0 billion USD)

Diamond Imports By Country

The UK (808 tonnes) represented the main importing country with an import of about 808 tonnes, which resulted at 67% of total imports. It was distantly followed by Italy (203 tonnes), committing 17% share of total diamond imports. France (41 tonnes), United Arab Emirates (27 tonnes), and Zambia (19 tonnes) occupied the mild share of total imports.

From 2007 to 2016, average annual rates of growth with regard to diamond imports into the UK stood at +32.0%. At the same time, Zambia (+78.8%), France (+13.7%), and Italy (+8.6%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest growing importer/exporter in the world, with a CAGR of +78.8% from 2007-2016. By contrast, United Arab Emirates (-3.5%) illustrated a downward trend over the same period. While the share of Zambia (-1.5%), France (-2.3%), Italy (-8.8%), and the UK (-61.4%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, United Arab Emirates ($13B) constitutes the largest market for imported diamond worldwide, making up 10% of global imports. The second position in the ranking was occupied by the UK ($2.2B), with the share of 2% of global imports. It was followed by France, with the share of 0.7%.

In United Arab Emirates, diamond imports expanded at an average annual rate of +11.7% over the period from 2007-2016. In the other countries, the average annual rates were as follows: the UK (-14.7% per year) and France (+3.7% per year).

Diamond Import Prices By Country

In 2016, the average import price for diamond amounted to $100K per kg, growing by 4% against the previous year. Overall, diamond import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, an increase of 134% from the previous year level. Global diamond import peaked of $384K per kg in 2011- however, from 2012 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was United Arab Emirates ($465K per kg), while Zambia ($3,186 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of diamond import prices was attained by United Arab Emirates (+15.8% per year), while the other global leaders experienced mixed trends in the import price figures.

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