In 2023, the value of natural diamond exports from the US was estimated before 2024 data. From 2024 onwards, the forecast indicates a gradual decline, with values decreasing from 2.72 million USD in 2024 to 2.33 million USD in 2028. The year-on-year percentage decrease is consistent, highlighting a downward trend in the US export market for natural diamonds. Over the five years, the compound annual growth rate (CAGR) portrays an average annual decline, reflecting challenges in maintaining export momentum.
Future trends to watch for:
- Shifts in global consumer preferences, possibly increasing demand for lab-grown diamonds.
- Impacts of trade policies and tariffs affecting the US's competitiveness in the natural diamond market.
- Technological advancements in the diamond industry, potentially altering production and export dynamics.
- Economic factors influencing luxury goods spending power across different regions.