Overall, the value of diamonds bought by all importing countries dropped by an average -7.6% since five years earlier in 2019 when diamond purchases totaled $109.5 billion.
Year over year, the dollar sum paid for imported diamonds fell by -22.5% compared to the $130.5 billion starting from 2022.
Collectively, the top 5 buyers of imported diamonds are India, United States of America, Hong Kong, United Arab Emirates then Belgium. Added together, that cohort of major diamond imports purchased over three-quarters (76.4%) of internationally sold diamonds in 2023.
From a continental perspective, Asian countries spent the most on imported diamonds during 2023 with purchases amounting to $64.3 billion or 63.5% of the global total. In second place were North American importers at 19.2% while another 14.9% of worldwide diamond imports went to European countries.
Smaller percentages went to buyers in Africa (1.9%), Oceania (0.4%) led by Australia and New Zealand, and Latin America (0.1%) excluding Mexico but including the Caribbean.
For research purposes, the 4-digit Harmonized Tariff System code prefix is 7102 for non-mounted and unset diamonds.
Diamond Imports by Country
Below are the 15 countries that imported the highest dollar value worth of diamonds during 2023.
- India: US$22 billion (21.7% of total imported diamonds)
- United States: $19 billion (18.8%)
- Hong Kong: $15.5 billion (15.4%)
- United Arab Emirates: $11.6 billion (11.5%)
- Belgium: $9.1 billion (9%)
- mainland China: $6 billion (5.9%)
- Israel: $4.1 billion (4.1%)
- Switzerland: $2.1 billion (2%)
- Thailand: $1.8 billion (1.8%)
- France: $1.3 billion (1.3%)
- United Kingdom: $993.6 million (1%)
- Botswana: $948.3 million (0.9%)
- Italy: $921.2 million (0.9%)
- Japan: $717.4 million (0.7%)
- South Africa: $578.4 million (0.6%)
By value, the listed 15 countries purchased 95.6% of all diamonds imported in 2023.
Among the above countries, the growth markets for diamonds since 2022 were Japan (up 16.3%) and France (up 12.6%).
Those countries that posted declines in their imported diamonds purchases were led by: Botswana (down -57.1% from 2022), United Kingdom (down -38.2%), Israel (down -34.4%) and the United Arab Emirates (down -34.1%).
Searchable List of Diamonds Importing Countries in 2023
The top 100 importers of diamonds listed in the following database contributed 99.999% of the overall value of diamonds imported during 2023.
| Rank | Importer | Diamond Imports | 2022-3 |
|---|---|---|---|
| 1. | India | $21,990,469,000 | -19.5% |
| 2. | United States | $18,992,487,000 | -19.8% |
| 3. | Hong Kong | $15,547,069,000 | -1.1% |
| 4. | United Arab Emirates | $11,613,270,000 | -34.1% |
| 5. | Belgium | $9,132,878,000 | -28.8% |
| 6. | mainland China | $5,972,060,000 | -29.5% |
| 7. | Israel | $4,128,687,000 | -34.4% |
| 8. | Switzerland | $2,070,317,000 | -14.9% |
| 9. | Thailand | $1,771,328,000 | -24.1% |
| 10. | France | $1,280,222,000 | +12.6% |
| 11. | United Kingdom | $993,577,000 | -38.2% |
| 12. | Botswana | $948,260,000 | -57.1% |
| 13. | Italy | $921,189,000 | -5% |
| 14. | Japan | $717,383,000 | +16.3% |
| 15. | South Africa | $578,446,000 | -31.1% |
| 16. | Singapore | $577,608,000 | -61.9% |
| 17. | Armenia | $560,774,000 | +43.8% |
| 18. | Australia | $387,031,000 | -10.4% |
| 19. | Vietnam | $342,108,000 | -48.5% |
| 20. | Namibia | $329,241,000 | +23.5% |
| 21. | Canada | $277,591,000 | -31.4% |
| 22. | Sri Lanka | $248,343,000 | +31.1% |
| 23. | Russia | $242,719,000 | +20.4% |
| 24. | Germany | $181,135,000 | -35.8% |
| 25. | Türkiye | $149,575,000 | -18.9% |
| 26. | Cambodia | $148,031,000 | -15.2% |
| 27. | Mexico | $126,196,000 | -3.2% |
| 28. | South Korea | $91,831,000 | -25.4% |
| 29. | Indonesia | $89,956,000 | +43.3% |
| 30. | Mauritius | $75,687,000 | -29% |
| 31. | Malaysia | $68,242,000 | -22.3% |
| 32. | Taiwan | $67,197,000 | -30.4% |
| 33. | Spain | $58,978,000 | -14.1% |
| 34. | Netherlands | $44,731,000 | +69.7% |
| 35. | Curaçao | $40,112,000 | -15.2% |
| 36. | Lebanon | $36,852,000 | -92.7% |
| 37. | New Zealand | $23,366,000 | -19.5% |
| 38. | Nepal | $23,161,000 | +82.8% |
| 39. | Oman | $22,060,000 | +963.6% |
| 40. | Saudi Arabia | $20,453,000 | -3% |
| 41. | Bahrain | $19,656,000 | -15.5% |
| 42. | Brazil | $18,909,000 | -9% |
| 43. | Czech Republic | $17,113,000 | -18.5% |
| 44. | Laos | $17,104,000 | +37.7% |
| 45. | Austria | $16,729,000 | -47.9% |
| 46. | Poland | $14,393,000 | +7.9% |
| 47. | Ireland | $14,244,000 | -38.4% |
| 48. | Qatar | $12,833,000 | +2392% |
| 49. | Denmark | $12,449,000 | -36.6% |
| 50. | Cyprus | $11,363,000 | +65% |
| 51. | Macao | $9,708,000 | -44.5% |
| 52. | Sweden | $9,072,000 | -21.4% |
| 53. | Greece | $8,316,000 | -9% |
| 54. | Portugal | $7,535,000 | +61% |
| 55. | Norway | $6,965,000 | -20.1% |
| 56. | Morocco | $5,809,000 | -28.1% |
| 57. | British Virgin Islands | $5,788,000 | -94.1% |
| 58. | Finland | $5,010,000 | -10% |
| 59. | Jordan | $3,799,000 | -26.2% |
| 60. | Latvia | $3,167,000 | +645.2% |
| 61. | Tunisia | $3,011,000 | +17.6% |
| 62. | Dominican Republic | $2,954,000 | +20.2% |
| 63. | Kazakhstan | $2,523,000 | +41.9% |
| 64. | Kuwait | $2,446,000 | +30.2% |
| 65. | Croatia | $2,212,000 | +7.7% |
| 66. | Cayman Islands | $2,166,000 | -96.9% |
| 67. | Panama | $2,152,000 | -25.5% |
| 68. | Peru | $2,067,000 | -12.8% |
| 69. | Malta | $1,949,000 | -75.4% |
| 70. | Slovenia | $1,810,000 | +9% |
| 71. | US Minor Outlying Is | $1,739,000 | +3944% |
| 72. | Ukraine | $1,492,000 | +635% |
| 73. | Luxembourg | $1,288,000 | +52.8% |
| 74. | Liberia | $1,187,000 | +9.4% |
| 75. | Belarus | $1,037,000 | -83.2% |
| 76. | Philippines | $1,023,000 | -11% |
| 77. | Serbia | $937,000 | -10.2% |
| 78. | Egypt | $929,000 | +1% |
| 79. | Aruba | $833,000 | -10.7% |
| 80. | Colombia | $802,000 | -31.5% |
| 81. | Saint Kitts/Nevis | $791,000 | -15.8% |
| 82. | Costa Rica | $730,000 | +2255% |
| 83. | El Salvador | $707,000 | +91.1% |
| 84. | Rwanda | $630,000 | 0% |
| 85. | Estonia | $538,000 | +7% |
| 86. | Andorra | $530,000 | -46.7% |
| 87. | Chile | $528,000 | +6.7% |
| 88. | Uzbekistan | $482,000 | +70.9% |
| 89. | Hungary | $425,000 | -61.5% |
| 90. | Lithuania | $396,000 | -64.5% |
| 91. | Guatemala | $348,000 | +20.4% |
| 92. | Bulgaria | $314,000 | -90.4% |
| 93. | Slovakia | $312,000 | -66.2% |
| 94. | New Caledonia | $273,000 | -38.5% |
| 95. | Ecuador | $267,000 | +88% |
| 96. | Iceland | $257,000 | -28% |
| 97. | Northern Mariana Is | $241,000 | 0% |
| 98. | Turks/Caicos Islands | $188,000 | -40.7% |
| 99. | Belize | $137,000 | -19.4% |
| 100. | Iran | $120,000 | 0% |
Focusing the scope of our analysis on the top 100 buyers, the fastest-growing importers of diamonds from international markets were: United States Minor Outlying Islands (up 3,944% from 2022), Qatar(up 2,392%), Costa Rica (up 2,255%), Latvia (up 645.2%) and the Ukraine (up 635%).
You can change the presentation order by clicking the triangle icon at the top of any of the above table columns. An entry of 0% in the right-most column means that 2022 data was unavailable.
Diamond Imports into India
Below are the top 15 suppliers from which India imported the highest dollar value worth of diamonds during 2023. Within parenthesis is the percentage change in value for each supplying country from 2022 to 2023.
- United Arab Emirates: US$6.7 billion (down -32.5% from 2022)
- Belgium: $1.6 billion (down -69%)
- Canada: $1.5 billion (up 2,189%)
- Botswana: $1.3 billion (up 166%)
- Hong Kong: $1.2 billion (down -10.9%)
- Angola: $1.11 billion (up 1621.2%)
- Russia: $19 billion (up 1.1%)
- South Africa: $558.4 million (down -45.2%)
- United States of America: $311.4 million (down -94.4%)
- Zimbabwe: $114.1 million (2022 data unavailable)
- Namibia: $111.9 million (up 1,816%)
- Israel: $105.2 million (down -89.1%)
- Lesotho: $85.8 million (2022 data unavailable)
- Democratic Rep. Congo: $64.5 million (up 3,914%)
- Sierra Leone: $56.8 million (2022 data unavailable)
By value, the listed 15 countries shipped 72.4% of diamonds imported by India in 2023.
Among the above countries, the fastest-growing suppliers of diamonds to India since 2022 were: Democratic Republic of the Congo (up 3,914%), Canada (up 2,189%), Namibia (up 1,816%) and Angola (up 1,621%).
Countries that experienced declines in the value of their diamonds supplied to Indian importers included: United States of America (down -94.4% from 2022), Israel (down -89.1%), Belgium (down -69%) and South Africa (down -45.2%).
Overall, the value of India’s imported diamonds retreated by an average -19.5% from all supplying countries since 2022 when diamonds purchased cost $27.3 billion.
Diamond Imports into the United States
Below are the top 15 suppliers from which the United States imported the highest dollar value worth of diamonds during 2023. Within parenthesis is the percentage change in value for each supplying country from 2022 to 2023.
- India: US$7.7 billion (down -29.3% from 2022)
- Israel: $5.5 billion (down -13.4%)
- Belgium: $2.1 billion (down -30.3%)
- South Africa: $1 billion (up 17.1%)
- Botswana: $498.1 million (up 7.6%)
- Switzerland: $390.4 million (down -6.1%)
- Hong Kong: $232.8 million (up 3.3%)
- United Arab Emirates: $205.3 million (up 17.9%)
- France: $181 million (down -7.1%)
- Australia: $144.5 million (up 72.9%)
- Angola: $141.6 million (up 13.9%)
- Italy: $116.9 million (up 294.9%)
- Namibia: $110.9 million (down -16%)
- Mauritius: $89.6 million (down -11.7%)
- United Kingdom: $89.5 million (down -11%)
Wx`
By value, the listed 15 countries shipped 98% of diamonds imported by the United States of America in 2023.
Among the above countries, the fastest-growing suppliers of diamonds to the United States since 2022 were: Italy (up 294.9%), Australia (up 72.9%), United Arab Emirates (up 17.9%) and South Africa (up 17.1%).
Countries that experienced declines in the value of their diamonds supplied to American importers included: Belgium (down -30.3% from 2022), India (down -29.3%), Namibia (down -16%) and Israel (down -13.4%).
Overall, the value of United States’s imported diamonds decreased by an average -19.8% from all supplying countries since 2022 when diamonds purchased cost $23.7 billion.
Diamond Imports into Hong Kong
Below are the top 15 suppliers from which Hong Kong imported the highest dollar value worth of diamonds during 2023. Within parenthesis is the percentage change in value for each supplying country from 2022 to 2023.
- India: US$4.6 billion (down -14.8% from 2022)
- United States of America: $2.2 billion (up 27.8%)
- United Arab Emirates: $1.71 billion (up 24.9%)
- mainland China: $1.42 billion (down -34%)
- Belgium: $1.2 billion (up 19.6%)
- Israel: $1.2 billion (up 30%)
- Switzerland: $641.7 million (up 102.6%)
- Thailand: $512 million (up 34.6%)
- Russia: $458.3 million (up 764.3%)
- Japan: $286.9 million (down -8.4%)
- Botswana: $271.6 million (down -49.8%)
- Singapore: $208.1 million (down -68.1%)
- South Africa: $180.9 million (up 60%)
- France: $168 million (up 172%)
- United Kingdom: $120.7 million (down -43.5%)
By value, the listed 15 countries shipped 97.7% of diamonds imported by Hong Kong in 2023.
Among the above countries, the fastest-growing suppliers of diamonds to Hong Kong since 2022 were: Russia (up 764.3%), France (up 172%), Switzerland (up 102.6%) and South Africa (up 60%).
Countries that experienced declines in the value of their diamonds supplied to Hong Kong importers included: Singapore (down -68.1% from 2022), Botswana (down -49.8%), United Kingdom (down -43.5%) and mainland China (down -34%).
Overall, the value of Hong Kong’s imported diamonds flatlined by an average -1.1% from all supplying countries since 2022 when diamonds purchased cost $15.7 billion.
Diamond Imports into Belgium
Below are the top 15 suppliers from which Belgium imported the highest dollar value worth of diamonds during 2023. Within parenthesis is the percentage change in value for each supplying country from 2022 to 2023.
- India: US$2.2 billion (down -25.2% from 2022)
- Canada: $1.3 billion (down -19.9%)
- United Arab Emirates: $1.2 billion (down -32.8%)
- Botswana: $1.1 billion (down -25.1%)
- Angola: $588.8 million (down -19.2%)
- South Africa: $445.6 million (down -26.8%)
- Israel: $350.2 million (down -14.3%)
- Lesotho: $325.7 million (up 6%)
- Russia: $311.7 million (down -78.7%)
- mainland China: $211.6 million (up 89%)
- Hong Kong: $168.8 million (up 27.6%)
- Armenia: $165.6 million (up 152.9%)
- Namibia: $127.3 million (down -12.3%)
- United States of America: $111.9 million (down -39.7%)
- Singapore: $107.3 million (down -35.2%)
By value, the listed 15 countries shipped 95.5% of diamonds imported by Belgium in 2023.
Among the above countries, growth suppliers of diamonds to Belgium since 2022 were: Armenia (up 152.9%), mainland China (up 89%), Hong Kong (up 27.6%) and Lesotho (up 6%).
Countries that experienced declines in the value of their diamonds supplied to Belgian importers included: Russia (down -78.7% from 2022), United States of America (down -39.7%), Singapore (down -35.2%) and the United Arab Emirates (down -32.8%).
Overall, the value of Belgium’s imported diamonds reduced by an average -28.8% from all supplying countries since 2022 when diamonds purchased cost $12.8 billion.
See also Diamonds Exports by Country, America’s Top Trading Partners, India’s Top Trading Partners, India’s Top Trading Partners and Exported Paintings and Drawings by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Imports – Commodities. Accessed on August 19, 2024
International Trade Centre, Trade Map. Accessed on August 19, 2024
Investopedia, Net Exports Definition. Accessed on August 19, 2024