Key Market Indicators
The diamond market in Bahrain is projected to grow steadily in the coming years. Exports are expected to reach almost $4.7 million by 2026, with a compound annual growth rate (CAGR) of 3.5%. This is a decrease of 17.9% from 2017. Austria surpassed Bahrain in 2021 to become the 34th largest exporter of diamonds, with exports of $3.8 million. The United States, Belgium and Israel ranked second, third and fourth respectively. Imports of diamonds into Bahrain are expected to reach $2.6 million by 2026, with a CAGR of 3.4%. This is an increase of 7.5% since 2005. Jamaica overtook Bahrain in 2021 to become the 52nd largest importer of diamonds, with imports of $2.1 million. The United States, Belgium and the United Arab Emirates ranked second, third and fourth respectively.
