Key Market Indicators
Jamaica's diamond exports are expected to reach $368,510 by 2026, up from $288,040 in 2021. This growth is projected to average 4.1% year-on-year. Since 2011, Jamaican supply has decreased by an average of 4.9% year-on-year. In 2021, Jamaica was the 53rd largest exporter of diamonds, behind Cyprus, at $288,040. The United States, Belgium, and Israel were the top three exporters, respectively. Jamaica is also projected to reach diamond imports of $2,539,200 by 2026, up from $2,342,900 in 2021. This growth is projected to average 1.4% year-on-year. Since 2008, Jamaican demand has increased by a remarkable 64.5% year-on-year. In 2021, Jamaica was the 51st largest importer of diamonds, coming in behind Luxembourg at $2,342,900. The United States, Belgium, and the United Arab Emirates were the top three importers, respectively.
