In 2023, Italy re-imported 86.5 kilograms of diamond jewelry that was worked but not mounted or set. The forecast for 2024 sees this volume at 88.15 kilograms, marking a 1.9% increase. Subsequently, the growth pattern continues with 90.17 kilograms in 2025, a 2.3% increase from 2024, followed by 92.15 kilograms in 2026, and further 2.2% in 2027 totaling 94.09 kilograms. By 2028, the forecast reaches 95.99 kilograms, reflecting a steady annual growth rate with a 2.5% compound annual growth rate (CAGR) from the base year of 2023.
Future trends to watch for:
- Monitor fluctuations in global diamond markets, which could impact Italy's import strategies.
- Pay attention to sustainability trends as ethical sourcing may influence demand and regulatory changes.
- Technological advancements in diamond working techniques that might affect import volumes.