Key Market Indicators
Diamond exports from Cyprus are expected to drop 14.2% over the next five years, from $332,540 in 2021 to $140,630 in 2026. Since 1994, the country’s supplies have increased by 6.6% year-on-year. In 2021, Cyprus was ranked 52nd, with Luxembourg overtaking it at $332,540. The US, Belgium, and Israel came in 2nd, 3rd, and 4th place respectively. Diamond imports to Cyprus are predicted to decrease by 2.6% in the same period, from $3,145,400 in 2021 to $2,703,000 in 2026. Since 1994, the country’s demand for diamonds has risen 2.1% year-on-year. In 2021, Cyprus ranked 48th, with Andorra ahead at $3,145,400. The US, Belgium, and the United Arab Emirates were placed 2nd, 3rd, and 4th respectively.
