Asia: Diamond Market 2022

Diamond Market Size in Asia

After two years of decline, the Asian diamond market increased by X% to $X in 2021. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Diamond Production in Asia

In value terms, diamond production declined to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Diamond Exports

Exports in Asia

In 2021, the amount of diamonds and other precious stones (unworked) exported in Asia skyrocketed to X tons, rising by X% on 2020 figures. Over the period under review, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, diamond exports surged to $X in 2021. Total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United Arab Emirates (X tons) represented the major exporter of diamonds and other precious stones (unworked), generating X% of total exports. It was distantly followed by Israel (X tons), mixing up a X% share of total exports. China (X tons), Lebanon (X tons) and India (X tons) took a relatively small share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +X% from 2012 to 2021. At the same time, China (+X%), Lebanon (+X%), India (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates and China increased by +X and +X percentage points, respectively. Israel (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest diamond supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with an X% share of total exports. It was followed by India, with an X% share.

In the United Arab Emirates, diamond exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (-X% per year) and India (-X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-X%), while the other leaders experienced a decline in the export price figures.

Diamond Imports

Imports in Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of diamonds and other precious stones (unworked), when their volume increased by X% to X tons. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diamond imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) represented the key importer of diamonds and other precious stones (unworked), mixing up X% of total imports. China (X tons) held the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together took near X% share of total imports. Israel (X tons) took a little share of total imports.

India was also the fastest-growing in terms of the diamonds and other precious stones (unworked) imports, with a CAGR of +X% from 2012 to 2021. At the same time, the United Arab Emirates (+X%) and China (+X%) displayed positive paces of growth. By contrast, Israel (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +X percentage points. Israel (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported diamonds and other precious stones (unworked) in Asia, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Israel (-X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, dropping by -X% against the previous year. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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