Key Market Indicators
Namibia's diamond exports are projected to reach $2 billion by 2026, up from $1.8 billion in 2021. On average, the sector has grown by 2.2% each year since 2005. In 2021, Namibia ranked 12th in the world, overtaken by Thailand at $1.8 billion. The United States, Belgium and Israel were the top three countries in this ranking. Meanwhile, Namibian diamond imports are forecast to reach $469 million by 2026, up from $406 million in 2021. Over the past 16 years, the sector has decreased by 5.2% year on year. In 2021, Namibia was ranked 17th, overtaken by Australia at $406 million. The United States, Belgium and the United Arab Emirates were the top three countries in this ranking.
