In 2023, Singapore led the global export market for worked industrial diamonds with a significant share, although experiencing a slight decline. The United States and Italy followed but had contrasting trends, with Italy experiencing growth. India's market surged due to substantial investments and export initiatives. Switzerland and Malaysia faced declines, while countries like France displayed notable gains. Australia, Canada, Denmark, and Norway experienced modest growth, whereas Japan saw a significant decrease in its export share. Over the last five years, the compound annual growth rate highlights these trends, especially the robust rise of India in the market.
Future trends to monitor include:
- The recovery or further decline of traditionally strong markets like Singapore and the United States.
- India’s potential to sustain its growth trajectory and become a more dominant player.
- The impact of economic shifts and technological advancements on smaller contributors like Canada and Denmark.
- Emerging technological innovations and shifts in global production strategies influencing diamond processing and exports.
Top countries in Export of Worked Industrial Diamonds Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Singapore | 69.06 | 2023 | -11.62% | -3.8% | View data |
| 2 | 2 United States | 10.23 | 2023 | -3.27% | -3% | View data |
| 3 | 3 Italy | 8.51 | 2023 | +4.74% | +6.91% | View data |
| 4 | 4 Belgium | 6.4 | 2023 | +4.39% | +5.11% | View data |
| 5 | 5 Switzerland | 3.61 | 2023 | +0.13% | -5.92% | View data |
| 6 | 6 Malaysia | 3.43 | 2023 | -2.34% | -5.88% | View data |
| 7 | 7 United Kingdom | 3.08 | 2023 | -8.98% | -7.58% | View data |
| 8 | 8 Thailand | 3.06 | 2023 | +2.76% | -2.06% | View data |
| 9 | 9 Germany | 2.88 | 2023 | -0.12% | -0.37% | View data |
| 10 | 10 India | 2.83 | 2023 | +1.05% | +141.98% | View data |
