U.S.: Diamond Market 2022

Diamond Market Size in the U.S.

The U.S. diamond market soared to $X in 2021, jumping 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). In general, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Diamond Exports

Exports from the U.S.

After two years of decline, overseas shipments of diamonds and other precious stones (unworked) increased by X% to X tons in 2021. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, diamond exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons) was the main destination for diamond exports from the United States, with a X% share of total exports. Moreover, diamond exports to Lithuania exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was held by Latvia (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Lithuania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Latvia (+X% per year).

In value terms, the largest markets for diamond exported from the United States were Macao SAR ($X), Lithuania ($X) and Indonesia ($X), together comprising X% of total exports.

Indonesia, 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

In 2021, the average diamond export price amounted to $X per kg, waning by -X% against the previous year. In general, the export price faced a sharp contraction. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per kg in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Macao SAR ($X per kg), while the average price for exports to Qatar ($X per kg) was amongst the lowest.

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

Diamond Imports

Imports into the U.S.

In 2021, diamond imports into the United States surged to X tons, rising by X% on the year before. In general, imports enjoyed significant growth. 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, recorded a mild curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Panama (X tons) constituted the largest diamond supplier to the United States, accounting for a X% share of total imports. Moreover, diamond imports from Panama exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Panama was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Tanzania (+X% per year).

In value terms, Tanzania ($X) constituted the largest supplier of diamond to the United States, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with less than X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Tanzania stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Panama (X% per year).

Import Prices by Country

In 2021, the average diamond import price amounted to $X per kg, falling by -X% against the previous year. Over the period under review, the import price faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Tanzania ($X per kg), while the price for Panama (less than $X per kg) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :