The forecast for the import of industrial diamonds unworked or simply sawn, cleaved, or bruted to Canada from 2024 through 2028 indicates a slight downward trend. Starting at 50.83 kilograms in 2024, the expected imports decrease steadily each year, reaching 50.21 kilograms by 2028. This trend represents a gradual year-on-year decrease of about 0.3% to 0.5%. In 2023, the import volume was recorded at a similar level as the starting forecast for 2024, reflecting a consistent demand with slight fluctuations.
Future trends to watch for include evolving industrial applications of diamonds, potential trade agreements affecting import tariffs, and technological advancements in synthetic diamond production, which might impact natural diamond imports to Canada.
