The import of diamonds to the US is forecasted to grow steadily from 2024 to 2028, with values rising from $27.282 billion to $29.172 billion. In 2023, actual diamond imports were approximately $26.832 billion, indicating a gradual growth trajectory. Year-on-year growth is estimated between 1.8% and 1.6% over the period, with a compound annual growth rate (CAGR) of around 1.9% over five years.
Future trends to watch for include:
- Changing consumer preferences towards sustainably sourced diamonds.
- Potential geopolitical or economic impacts affecting global diamond supply.
- Technological advancements in diamond production and synthetic alternatives.
