World - Diamonds And Other Precious Stones (Unworked) - Market Analysis, Forecast, Size, Trends and Insights

Global Diamond Market Overview 2018

Diamond Market Size

The global diamond market revenue amounted to $X in 2017, rising 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, diamond consumption continues to indicate a deep reduction. The growth pace was the most rapid in 2017, when the market value increased by X% year-to-year. Global diamond consumption peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Diamond Production

In 2017, approx. X tonnes of diamonds and other precious stones (unworked) were produced worldwide; jumping by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2015, when it surged by X% y-o-y. Over the period under review, the global diamond production attained its peak figure volume in 2017, and is likely to see steady growth in the near future.

Diamond Exports

In 2017, approx. X tonnes of diamonds and other precious stones (unworked) were exported worldwide; coming up by X% against the previous year. Overall, diamond exports continue to indicate a strong growth. The pace of growth was the most pronounced in 2017, when the exports increased by X% against the previous year. In that year, the global diamond exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, diamond exports stood at $X in 2017. Overall, the total exports indicated a measured expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the diamond exports increased by +X% against 2015 indices. Global exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Diamond Exports by Country

Central African Republic dominates diamond exports structure, reaching X tonnes, which was near X% of total exports in 2017. The United Arab Emirates (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Belgium (X%). The following exporters - Russia (X tonnes), and India (X tonnes) each accounted for a X% share of total exports.

Exports from Central African Republic increased at an average annual rate of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%), India (+X%), Belgium (+X%), and Russia (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Belgium (-X%), the United Arab Emirates (-X%), and Central African Republic (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diamond markets worldwide were Belgium ($X), the United Arab Emirates ($X), and Russia ($X), with a combined X% share of global exports.

Among the main exporting countries, the United Arab Emirates (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other global leaders experienced more modest paces of growth.

Diamond Export Prices by Country

The average diamond export price stood at $X per kg in 2017, dropping by -X% against the previous year. In general, diamond export price continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2010, when the average export prices increased by X% year-to-year. Global export price peaked of $X per kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Russia ($X per kg), while Central African Republic ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Russia (+X% per year), while the other global leaders experienced more modest paces of growth.

Diamond Imports

In 2017, approx. X tonnes of diamonds and other precious stones (unworked) were imported worldwide; rising by X% against the previous year. Overall, diamond imports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2017, when the imports increased by X% year-to-year. In that year, the global diamond imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, diamond imports amounted to $X in 2017. Overall, the total imports indicated a temperate increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the diamond imports increased by +X% against 2015 indices. Global imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Diamond Imports by Country

Botswana prevails in diamond imports structure, resulting at X tonnes, which was near X% of total imports in 2017. India (X tonnes) occupied the second position in the ranking, followed by the United Arab Emirates (X tonnes). All these countries together occupied approx. X% share of total imports. Belgium (X tonnes), Qatar (X tonnes), and China (X tonnes) took the weak share of total imports.

From 2007 to 2017, average annual rates of growth with regard to diamond imports into Botswana stood at +X%. At the same time, Qatar (+X%), the United Arab Emirates (+X%), China (+X%), Belgium (+X%), and India (+X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Belgium, Qatar, the United Arab Emirates, India, and Botswana decreased by -X%, -X%, -X%, -X%, and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported diamonds and other precious stones (unworked) worldwide, making up X% of global imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in India amounted to +X%. Belgium (-X% per year) and the United Arab Emirates (+X% per year).

Diamond Import Prices by Country

In 2017, the average diamond import price amounted to $X per kg, falling by -X% against the previous year. Overall, diamond import price continues to indicate an abrupt slump. The growth pace was the most rapid in 2014, when it surged by X% against the previous year. Global import price peaked of $X per kg in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Belgium ($X per kg), while Qatar ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other global leaders experienced mixed trends in the import price figures.