Key Market Indicators
South Africa is set to be a major player in the diamond market by 2026, with imports and exports estimated to reach $604 million and $2.1 billion respectively. Since 2005, demand and supply have grown at an average rate of 3.2% and 1.2% year-on-year respectively. In 2021, South Africa ranked 15th in diamond imports with an estimated figure of $602.9 million, while Russia took the lead. The United States, Belgium and the United Arab Emirates came in 2nd, 3rd and 4th respectively. In terms of exports, South Africa ranked 8th with an estimated figure of $2.09 billion, with the United States, Belgium and Israel ranking 2nd, 3rd and 4th respectively.
