In 2023, the import of diamond jewelry classified as unworked or simply sawn, cleaved, or bruted to Canada stood at approximately 34.8 million USD. From 2024 to 2028, there is a projected declining trend, with imports decreasing from 33.541 million USD in 2024 to 28.566 million USD by 2028. This translates to an average year-on-year decrease of about 3.76% annually, showcasing a consistent reduction over the forecasted period.

Future trends to watch for:

Global economic conditions impacting consumer spending on luxury items like diamond jewelry.
Trade policies and tariffs that could affect the import costs and demand within Canada.
Technological advancements and consumer preferences shifting towards alternative luxury products.