In 2023, Switzerland's diamond exports stood at USD 2.140 billion. Forecasts predict this value will increase to USD 2.169 billion in 2024, representing a 1.35% year-on-year growth. The positive trend is expected to continue, with exports reaching USD 2.1987 billion in 2025 (up 1.37% from 2024), USD 2.2277 billion in 2026 (up 1.32% from 2025), USD 2.2562 billion in 2027 (up 1.28% from 2026), and USD 2.2841 billion in 2028 (up 1.24% from 2027). The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 1.31%.
Future trends to watch for include:
- Global economic conditions and their impact on the luxury goods market.
- Technological advancements in the diamond industry, specifically synthetic diamond production.
- Changes in trade policies and regulations, especially related to key markets for Swiss diamonds.
- Consumer preferences shifting towards ethically sourced and environmentally sustainable diamonds.