The export of diamonds from Italy in 2023 stood at 197 million USD. From 2024 to 2028, the forecasted values show a gradual increase, starting from 202.54 million USD in 2024 to 223.12 million USD in 2028. The year-on-year percentages from 2024 to 2028 reflect a steady upward trend. Specifically, the variations show a 2.6% increase from 2023 to 2024, 2.6% from 2024 to 2025, 2.5% from 2025 to 2026, 2.4% from 2026 to 2027, and 2.3% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is calculated at approximately 2.5%.
Future trends to watch for include:
- Potential shifts in global demand for luxury goods, particularly diamonds, which could be influenced by economic changes or new market entrants.
- The impact of technological advancements in diamond manufacturing and how this affects both the supply chain and market prices.
- Geopolitical factors that could interfere with trade routes and agreements, thereby influencing export volumes and values.
