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Who buys Russia’s diamonds? Export destinations 2024

In 2024, Russia exported $1.7 billion of diamonds (4 tonnes), 2.4% of the world total. Its main destinations were Hong Kong (46%), India (38%) and Armenia (16%). Russia was the world’s 11th-largest exporter of diamonds.

Summary

Value
$1.7billion
Tonnes
4tonnes
Share of world total
2.4%
World rank
11th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 10 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Hong Kong re-exports803Tonnes: 2USD per tonne: $429,439,25746.3%Air
India653Tonnes: 1USD per tonne: $566,593,51037.6%Air
Armenia271Tonnes: 1USD per tonne: $488,592,13715.6%Air
China4.8Tonnes: 0USD per tonne: $109,567,5230.28%Land
Kazakhstan2.1Tonnes: 0USD per tonne: $35,707,3620.12%Land
France1.4Tonnes: 0USD per tonne: $94,573,6670.08%Air
Japan0.59Tonnes: —USD per tonne: —0.03%Sea
Belgium re-exports0.21Tonnes: 0USD per tonne: $8,523,2800.01%Air
Thailand0.07Tonnes: —USD per tonne: —0%Sea
Switzerland0.04Tonnes: —USD per tonne: —0%Sea

Trend

Who it sells to

Hong Kong has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • Hong Kong 0.8
  • India 0.65
  • Armenia 0.27
  • China < 0.01
  • Kazakhstan < 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
Hong Kong0.020.8
India< 0.010.65
Armenia00.27
China< 0.01< 0.01
Kazakhstan0< 0.01

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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