In 2023, the United States natural diamond exports stood at a significant market position. The forecast from 2024 onward shows a consistent decline, with exports decreasing from 2.91 million carats to 2.26 million carats by 2028. This declining trend represents a year-on-year reduction, highlighting specific economic, geopolitical, or technological factors influencing the diamond industry. The compound annual growth rate over this period suggests a notable downward trajectory in the volume of exports.
Future trends to watch for include:
- Technological advancements in synthetic diamond production impacting demand for natural diamonds.
- Changes in global trade policies affecting US exports.
- Shifts in consumer preferences towards sustainable and ethical sourcing.
