In 2023, the UAE's import of diamonds was valued at 12.276 billion US dollars. The forecasts for the years 2024 through 2028 show a gradual decline in imports, with values dropping from 12.255 billion US dollars in 2024 to 12.17 billion US dollars by 2028. This represents a consistent year-on-year decline of approximately 0.18%. Over the five-year period, the average annual decrease (CAGR) in the value of diamond imports is 0.17%.
Future trends to watch for include fluctuations in global diamond supply and demand, potential shifts in trade policies, and emerging preferences for synthetic diamonds. Monitoring these factors will be crucial for projecting more accurate future trends in diamond imports to the UAE.
