The United States leads diamond imports with $24.42 billion, marking a steady increase over recent years. India follows with $18.97 billion, closely trailing Hong Kong's $18.85 billion. Belgium, United Arab Emirates, and China form a significant cluster, reflecting robust demand. Israel, Switzerland, United Kingdom, and Singapore form the tail, showing varied but stable imports.
Noteworthy is the robust growth observed in China's imports, with an annual growth trend, while other mature markets like Belgium and the United Arab Emirates show moderate increases. The CAGR for the top ten importers reflects a diverse demand trajectory, propelling future market dynamics.
Future trends to watch include:
- Increasing importance of China and India due to emerging middle classes.
- Potential fluctuations in demand driven by economic conditions and luxury spending trends.
- Technological advancements in lab-grown diamonds affecting natural diamond imports.
Top countries in Top Importers of Diamonds
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 24,420 | 2016 | |
| 2 | 2 India | 18,970 | 2016 | |
| 3 | 3 Hong Kong | 18,850 | 2016 | |
| 4 | 4 Belgium | 15,360 | 2016 | |
| 5 | 5 United Arab Emirates | 12,540 | 2016 | |
| 6 | 6 China | 7,660 | 2016 | |
| 7 | 7 Israel | 7,140 | 2016 | |
| 8 | 8 Switzerland | 2,510 | 2016 | |
| 9 | 9 United Kingdom | 2,210 | 2016 | |
| 10 | 10 Singapore | 1,730 | 2016 |
