Global Diamond Market Overview 2021

Diamond Market Size

The global diamond market fell to $X in 2020, declining by -X% against the previous year. In general, consumption, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the global market remained at a lower figure.

Diamond Production

In value terms, diamond production shrank to $X in 2020 estimated in export prices. Overall, production saw a abrupt decline. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Production By Country

The countries with the highest volumes of diamond production in 2020 were the United Arab Emirates (X tonnes), Russia (X tonnes) and Botswana (X tonnes), together accounting for X% of global production.

From 2007 to 2020, the most notable rate of growth in terms of diamond production, amongst the leading producing countries, was attained by the United Arab Emirates, while diamond production for the other global leaders experienced more modest paces of growth.

Diamond Exports

Exports

In 2020, after two years of growth, there was significant decline in overseas shipments of diamonds and other precious stones (unworked), when their volume decreased by -X% to X tonnes. Over the period under review, exports saw a slight downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, global exports attained the peak figure at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, diamond exports dropped remarkably to $X in 2020. Overall, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, global exports reached the peak figure at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, the United Arab Emirates (X tonnes), Belgium (X tonnes) and Botswana (X tonnes) was the major exporter of diamonds and other precious stones (unworked) in the world, making up X% of total export. It was distantly followed by Russia (X tonnes), generating an X% share of total exports. Namibia (X tonnes), Brazil (X tonnes), Canada (X tonnes), Israel (X tonnes), Singapore (X tonnes), South Africa (X tonnes) and Switzerland (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Singapore, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United Arab Emirates ($X) and Botswana ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of global exports. Russia, South Africa, Namibia, Israel, Canada, Singapore, Switzerland and Brazil lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Singapore recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average diamond export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price, however, showed a mild setback. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. Global export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was South Africa ($X per tonne), while Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other global leaders experienced a decline in the export price figures.

Diamond Imports

Imports

Global diamond imports shrank rapidly to X tonnes in 2020, dropping by -X% on the previous year. Over the period under review, imports saw a slight reduction. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. from 2009 to 2020, the growth of global imports remained at a somewhat lower figure.

In value terms, diamond imports contracted sharply to $X in 2020. In general, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Global imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, India (X tonnes), distantly followed by Belgium (X tonnes), China (X tonnes), the Dominican Republic (X tonnes), the United Arab Emirates (X tonnes), Botswana (X tonnes) and Lebanon (X tonnes) represented the key importers of diamonds and other precious stones (unworked), together constituting X% of total imports.

From 2007 to 2020, the biggest increases were in Lebanon, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, India ($X), Belgium ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of global imports. Botswana, China, Lebanon and the Dominican Republic lagged somewhat behind, together comprising a further X the main importing countries, Botswana saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average diamond import price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Over the period under review, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% y-o-y. Global import price peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was India ($X per tonne), while the Dominican Republic ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Botswana, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for diamonds and other precious stones (unworked) in the world?

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India (104K tonnes) remains the largest diamond consuming country worldwide, comprising approx. 26% of total volume. Moreover, diamond consumption in India exceeded the figures recorded by the second-largest consumer, China (50K tonnes), twofold. The third position in this ranking was occupied by the Dominican Republic (47K tonnes), with a 12% share.

What are the largest producers of diamonds and other precious stones (unworked) in the world?

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The countries with the highest volumes of diamond production in 2020 were the United Arab Emirates (57K tonnes), Russia (51K tonnes) and Botswana (46K tonnes), together accounting for 48% of global production.

What are the leading exporters of diamonds and other precious stones (unworked) in the world?

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In value terms, the largest diamond supplying countries worldwide were Belgium ($5.6B), the United Arab Emirates ($5.3B) and Botswana ($3.2B), with a combined 57% share of global exports. Russia, South Africa, Namibia, Israel, Canada, Singapore, Switzerland and Brazil lagged somewhat behind, together accounting for a further 29%.

What are the leading importers of diamonds and other precious stones (unworked) in the world?

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In value terms, India ($9.7B), Belgium ($5.6B) and the United Arab Emirates ($3B) constituted the countries with the highest levels of imports in 2020, together accounting for 72% of global imports. These countries were followed by Botswana, China, Lebanon and the Dominican Republic, which together accounted for a further 9.2%.

What is the average export price for diamonds and other precious stones (unworked) in the world?

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The average diamond export price stood at $81,404 per tonne in 2020, rising by 1.7% against the previous year.

What is the average import price for diamonds and other precious stones (unworked) in the world?

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In 2020, the average diamond import price amounted to $66,171 per tonne, shrinking by -13.5% against the previous year.