China: Diamond Market 2022

Diamond Market Size in China

After two years of decline, the Chinese diamond market increased by X% to $X in 2021. In general, consumption, however, showed a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Diamond Exports

Exports from China

Diamond exports from China surged to X tons in 2021, with an increase of X% against 2020. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, diamond exports soared to $X in 2021. Overall, exports, however, continue to indicate a noticeable setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Belgium (X tons) and Australia (X tons) were the main destinations of diamond exports from China, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diamond exported from China were Belgium ($X), Japan ($X) and Australia ($X), together comprising X% of total exports.

Australia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average diamond export price stood at $X per ton in 2021, shrinking by -X% against the previous year. Over the period under review, the export price faced a dramatic setback. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-X%), while the prices for the other major destinations experienced a decline.

Diamond Imports

Imports into China

Diamond imports into China skyrocketed to X tons in 2021, picking up by X% compared with 2020 figures. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, diamond imports surged to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Botswana (X tons) constituted the largest supplier of diamond to China, with a X% share of total imports. Moreover, diamond imports from Botswana exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. Brazil (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Botswana totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Brazil (+X% per year).

In value terms, South Africa ($X), Botswana ($X) and Myanmar ($X) appeared to be the largest diamond suppliers to China, together accounting for X% of total imports.

Botswana, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average diamond import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was South Africa ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Madagascar (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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