Key Market Indicators
The Russian diamond market is expected to grow steadily over the next five years. Imports are forecast to reach $178.6 million by 2026, a 3.7% increase on 2021. Since 2003, Russian diamond imports have grown by 14.6% a year. In 2021, Russia placed 22nd, with imports of $143.3 million. Armenia was in first place with $143.3 million, followed by the United States, Belgium and the United Arab Emirates. Exports are predicted to hit $6.3 billion in 2026, a 2.3% rise from 2021. Since 2003, Russian diamond exports have increased by 2.6% a year. In 2021, Russia was seventh, with exports of $5.5 billion. Botswana was in first place with $5.5 billion, followed by the United States, Belgium and Israel.
