France: Diamond Market Overview 2020

Diamond Market Size in France

The revenue of the diamond market in France amounted to $X in 2018, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, diamond consumption, however, continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Diamond consumption peaked in 2018 and is likely to continue its growth in the immediate term.

Diamond Exports

Exports from France

Diamond exports from France totaled X tonnes in 2018, lowering by -X% against the previous year. In general, diamond exports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, diamond exports totaled $X in 2018. Overall, diamond exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, diamond exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

The U.S. (X tonnes) was the main destination for diamond exports from France, accounting for a X% share of total exports. Moreover, diamond exports to the U.S. exceeded the volume sent to the second major destination, China (X kg), fivefold. Switzerland (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the U.S. amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Switzerland (-X% per year).

In value terms, Switzerland ($X), the U.S. ($X) and Sri Lanka ($X) appeared to be the largest markets for diamond exported from France worldwide, with a combined X% share of total exports. These countries were followed by Turkey, Japan, China and Australia, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average diamond export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the diamond export price continues to indicate an extraordinary increase. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. In that year, the average export prices for diamonds and other precious stones (unworked) attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Diamond Imports

Imports into France

In 2018, approx. X tonnes of diamonds and other precious stones (unworked) were imported into France; rising by X% against the previous year. Overall, diamond imports, however, continue to indicate an abrupt downturn. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, diamond imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, diamond imports stood at $X in 2018. Overall, diamond imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, diamond imports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

Belgium (X tonnes), Brazil (X tonnes) and Madagascar (X tonnes) were the main suppliers of diamond imports to France, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of diamond to France, comprising X% of total diamond imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Brazil (+X% per year).

Import Prices by Country

The average diamond import price stood at $X per tonne in 2018, rising by X% against the previous year. Over the period under review, the diamond import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. The import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for Madagascar ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform