EU: Diamond Market 2022

Diamond Market Size in the EU

The EU diamond market reduced notably to $X in 2021, waning by -X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Diamond Production in the EU

In value terms, diamond production rose markedly to $X in 2021 estimated in export price. In general, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Diamond Exports

Exports in the EU

In 2021, approx. X tons of diamonds and other precious stones (unworked) were exported in the European Union; increasing by X% on the year before. Overall, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, diamond exports surged to $X in 2021. In general, exports, however, saw a noticeable decline. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Germany (X tons) was the largest exporter of diamonds and other precious stones (unworked), creating X% of total exports. The Czech Republic (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%), Italy (X%), Belgium (X%) and the Netherlands (X%). Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to diamond exports from Germany stood at -X%. At the same time, the Czech Republic (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2012-2021. By contrast, Belgium (-X%), France (-X%), Italy (-X%) and Spain (-X%) illustrated a downward trend over the same period. While the share of the Czech Republic (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Spain (-X p.p.), France (-X p.p.), Germany (-X p.p.) and Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest diamond supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Italy, with less than X% share.

In Belgium, diamond exports shrank by an average annual rate of -X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and Italy (-X% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per kg, growing by X% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per kg in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was Belgium ($X per kg), while Germany ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the other leaders experienced more modest paces of growth.

Diamond Imports

Imports in the EU

In 2021, supplies from abroad of diamonds and other precious stones (unworked) was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, diamond imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons), distantly followed by the Czech Republic (X tons), the Netherlands (X tons), France (X tons), Austria (X tons), Italy (X tons) and Spain (X tons) were the major importers of diamonds and other precious stones (unworked), together comprising X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to diamond imports into Germany stood at -X%. At the same time, the Netherlands (+X%), the Czech Republic (+X%), Austria (+X%), France (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2012-2021. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of the Czech Republic (+X p.p.), the Netherlands (+X p.p.), Austria (+X p.p.), France (+X p.p.) and Spain (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Germany (-X p.p.) and Italy (-X p.p.) displayed negative dynamics.

In value terms, the largest diamond importing markets in the European Union were Italy ($X), France ($X) and Germany ($X), together accounting for X% of total imports. These countries were followed by Spain, the Netherlands, Austria and the Czech Republic, which together accounted for a further X Netherlands, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per kg, with a decrease of -X% against the previous year. Overall, the import price saw a perceptible downturn. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per kg. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per kg), while the Czech Republic ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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