The export value of diamonds from Canada shows a gradual declining trend over the forecasted period from 2024 to 2028. In 2023, the value stood at $1.820 billion. The year-on-year variation from 2024 to 2028 reflects a consistent decline, with a minimal average annual decrease of approximately 0.27%. Over the last two years, diamond exports are projected to decrease by around 0.71% from 2026 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is estimated at -0.35% per year.
Future trends to watch for include potential fluctuations in global diamond demand, advancements in synthetic diamond production, and geopolitical factors. Market conditions such as changes in trade policies, emerging technologies in diamond mining, and evolving consumer preferences towards sustainable and ethically sourced diamonds could significantly impact the forecasted values.
