The UK imported 3.04 thousand kilograms of unworked or simply sawn, cleaved, or bruted diamond jewelry in 2023. From 2024 to 2028, this is forecasted to decline steadily from 2.69 thousand kilograms to 1.34 thousand kilograms. The year-on-year decrease from 2024 to 2025 is approximately 12.64%, followed by a 14.89% drop in 2026, a 16.5% decline in 2027, and a further 19.76% decrease in 2028. The compound annual growth rate (CAGR) over the five-year period is -14.97%.

Future trends to watch for include:

Substitution with synthetic diamonds and lab-grown alternatives influencing demand.
Potential trade policy shifts or economic conditions impacting import volumes.
Technological advancements in cutting and processing that may alter sourcing strategies.