The import of diamonds to Vietnam is forecasted to reach USD 509.37 million in 2024, up 4% from the actual value of USD 489.00 million in 2023. The trend continues with imports rising to USD 528.24 million in 2025, a 3.71% increase year-on-year, and USD 546.74 million in 2026, up 3.51%. For 2027, the figure is projected at USD 564.87 million, a 3.31% rise, culminating at USD 582.64 million in 2028 with a 3.15% increase.
Future trends to watch for:
- Global economic conditions impacting luxury goods demand.
- Exchange rate fluctuations affecting import costs.
- Potential regulatory changes in the gemstone trade.
- Increased competition from synthetic diamonds.
