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Diamonds: top exporters and importers (2024)

In 2024, world trade in diamonds totaled $73.9 billion (8 thousand tonnes). The top exporters were India (23%), Belgium (12%) and the United Arab Emirates (11%); the top importers were the United States (20%), India (19%) and Hong Kong (17%). Compared with 2019, the value fell 31%.

Summary

World trade
$73.9billion
Tonnes
8thousand tonnes
Price per tonne
$8,679,634
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. India$17.3 billion · 23.4%
    see destinations
  2. Belgium$8.9 billion · 12%
    re-exports · see destinations
  3. United Arab Emirates$7.8 billion · 10.5%
    see destinations
  4. Israel$6.3 billion · 8.6%
    see destinations
  5. United States$5 billion · 6.7%
    see destinations
  6. Hong Kong$4.8 billion · 6.5%
    re-exports · see destinations
  7. South Africa$4.7 billion · 6.4%
    see destinations
  8. Angola$3.4 billion · 4.6%
    see destinations
  9. Botswana$2.7 billion · 3.7%
    see destinations
  10. Canada$2 billion · 2.7%
    see destinations
  11. Russia$1.7 billion · 2.4%
    see destinations
  12. China$1.2 billion · 1.6%
  13. Switzerland$1.1 billion · 1.5%
  14. Namibia$1.1 billion · 1.5%
  15. Thailand$789 million · 1.1%
  16. Democratic Republic of the Congo$523 million · 0.71%
  17. United Kingdom$492 million · 0.67%
  18. Armenia$491 million · 0.66%
  19. Lesotho$415 million · 0.56%
  20. France$377 million · 0.51%

Top importers

  1. United States$14.7 billion · 19.8%
    see sources
  2. India$13.8 billion · 18.6%
    see sources
  3. Hong Kong$12.2 billion · 16.5%
    re-exports · see sources
  4. United Arab Emirates$10.2 billion · 13.7%
    see sources
  5. Belgium$6.3 billion · 8.5%
    re-exports · see sources
  6. Israel$3.2 billion · 4.3%
    see sources
  7. China$3 billion · 4%
    see sources
  8. Switzerland$1.7 billion · 2.4%
    see sources
  9. Botswana$1.4 billion · 1.9%
  10. United Kingdom$995 million · 1.4%
  11. Thailand$908 million · 1.2%
  12. France$891 million · 1.2%
  13. Italy$711 million · 0.96%
  14. Japan$587 million · 0.79%
  15. Armenia$524 million · 0.71%
  16. Singapore$319 million · 0.43%
    re-exports
  17. Vietnam$274 million · 0.37%
  18. Australia$183 million · 0.25%
  19. Canada$180 million · 0.24%
  20. Turkey$171 million · 0.23%

Trend

Who sells it

India has been the top exporter since 2008

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

  • India 17.3
  • Belgium 8.9
  • United Arab Emirates 7.8
  • Israel 6.3
  • United States 5

Source: CEPII BACI

Show the numbers
Country19952024
India4.717.3
Belgium9.68.9
United Arab Emirates0.017.8
Israel5.46.3
United States1.85

Price

Implied price

The price per tonne rose 56% since 2000

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $8,679,634

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995—
1996—
1997—
1998—
1999—
2000$5,572,985
2001$2,698,799
2002$8,205,847
2003$8,407,648
2004$5,223,877
2005$3,171,385
2006$1,790,282
2007$10,345,905
2008$12,275,879
2009$31,739,872
2010$117,710,035
2011$60,597,232
2012$134,623,190
2013$176,717,313
2014$47,114,714
2015$43,010,284
2016$35,658,802
2017$8,132,912
2018$25,524,022
2019$41,452,927
2020$168,000,168
2021$300,336,649
2022$633,046,396
2023$652,208,062
2024$8,679,634

What it includes

Rough and polished, including industrial diamonds.

  • 7102 · Diamonds

Products in the same chapter

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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