Overall, the value of globally exported diamonds fell by an average -13.3% for all exporting countries since five years earlier 2019 when global shipments of diamonds were valued at $114 billion.
Year over year, the value of exported diamonds shrank by -24.8% compared to $131.5 billion starting from 2022.
The 5 major exporters of diamonds were India, United States of America, Hong Kong, United Arab Emirates and Belgium. Combined, that quintet of leading exporters generated well over two-thirds (70.4%) of international diamond sales in 2023.
Among continents, suppliers in Asia sold $54.9 billion or 55.4% worth of the world’s exported diamonds in 2023. Exporters located in North America generated 18.8% worth trailed by Europe at another 14.6%.
Smaller percentages of global diamond exports belong to providers in Africa (10.8%), mostly Australia in Oceania (0.2%), and Latin America (also 0.1%) excluding Mexico but including the Caribbean.
For research purposes, the 4-digit Harmonized Tariff System code prefix is 7102 for unmounted and unset diamonds.
Diamond Exports by Country
Below are the 15 countries that exported the highest dollar value worth of diamonds during 2023.
- India: US$18.2 billion (18.4% of total diamond exports)
- United States: $16.8 billion (17%)
- Hong Kong: $14.6 billion (14.8%)
- United Arab Emirates: $10.3 billion (10.4%)
- Belgium: $9.7 billion (9.8%)
- Israel: $6.6 billion (6.6%)
- Botswana: $4.3 billion (4.4%)
- Russia: $2.2 billion (2.2%)
- South Africa: $2.1 billion (2.1%)
- mainland China: $1.93 billion (2%)
- Angola: $1.88 billion (1.9%)
- Canada: $1.7 billion (1.7%)
- Namibia: $1.6 billion (1.6%)
- Switzerland: $1.4 billion (1.4%)
- Thailand: $1.3 billion (1.3%)
By value, the listed 15 countries shipped 95.6% of global exports for diamonds in 2023.
Among the top exporters, the fastest-growing diamonds exporters since 2022 were Namibia (up 20.5%) and Hong Kong (up 4.2%).
Those countries that posted declines in their exported diamonds sales were led by: Russia (down -53.1% from 2022), United Arab Emirates (down -47.8%), Botswana (down -40.1%), Israel (down -39.6%) and Belgium (down -26.7%).
Searchable List of Diamond Exporting Countries in 2023
Showcased below are the export sales of diamonds from the 100 supplying countries in 2023.
These top 100 diamond exporters accounted for all diamonds sold on global markets during 2023.
| Rank | Exporter | Diamond Exports | 2022-3 |
|---|---|---|---|
| 1. | India | $18,150,337,000 | -24.1% |
| 2. | United States | $16,832,826,000 | -5.4% |
| 3. | Hong Kong | $14,646,410,000 | +4.2% |
| 4. | United Arab Emirates | $10,279,993,000 | -47.8% |
| 5. | Belgium | $9,680,541,000 | -26.7% |
| 6. | Israel | $6,567,997,000 | -39.6% |
| 7. | Botswana | $4,333,566,000 | -40.1% |
| 8. | Russia | $2,182,600,000 | -53.1% |
| 9. | South Africa | $2,056,619,000 | -22.7% |
| 10. | mainland China | $1,934,879,000 | -12.7% |
| 11. | Angola | $1,878,691,000 | -4.6% |
| 12. | Canada | $1,703,989,000 | -18.5% |
| 13. | Namibia | $1,613,116,000 | +20.5% |
| 14. | Switzerland | $1,426,481,000 | -16.7% |
| 15. | Thailand | $1,291,483,000 | -26.6% |
| 16. | Armenia | $589,069,000 | +41% |
| 17. | Singapore | $576,249,000 | -63.3% |
| 18. | United Kingdom | $433,558,000 | -63% |
| 19. | France | $370,011,000 | -17.2% |
| 20. | Zimbabwe | $324,831,000 | +97% |
| 21. | Sri Lanka | $261,053,000 | +65.1% |
| 22. | Australia | $238,082,000 | +116.8% |
| 23. | Vietnam | $205,343,000 | -65.3% |
| 24. | Lesotho | $196,075,000 | +13.5% |
| 25. | Italy | $193,098,000 | +0.7% |
| 26. | Sierra Leone | $98,107,000 | -2.9% |
| 27. | Curaçao | $89,895,000 | +8470% |
| 28. | Democratic Rep. Congo | $82,031,000 | -36.7% |
| 29. | Mauritius | $81,194,000 | +542.2% |
| 30. | Japan | $63,774,000 | +34.6% |
| 31. | Germany | $63,718,000 | -12.1% |
| 32. | Cambodia | $62,810,000 | +117.6% |
| 33. | Netherlands | $37,946,000 | +97.4% |
| 34. | Malaysia | $32,025,000 | +20.7% |
| 35. | Saudi Arabia | $28,725,000 | +112.2% |
| 36. | Laos | $27,049,000 | -41% |
| 37. | Türkiye | $25,589,000 | +2.4% |
| 38. | Brazil | $24,860,000 | -10.4% |
| 39. | Mexico | $23,872,000 | 0% |
| 40. | Tanzania | $23,572,000 | -62.4% |
| 41. | Belarus | $22,716,000 | -19.7% |
| 42. | Spain | $19,001,000 | -29.7% |
| 43. | Central African Rep | $14,209,000 | -1% |
| 44. | South Korea | $14,045,000 | +7.8% |
| 45. | Taiwan | $11,555,000 | -44.8% |
| 46. | Ghana | $10,393,000 | +219% |
| 47. | Congo | $8,495,000 | +26447% |
| 48. | Guyana | $8,279,000 | +26.8% |
| 49. | Guinea | $8,080,000 | +30.2% |
| 50. | Austria | $6,676,000 | -43.9% |
| 51. | Bahrain | $5,362,000 | -1.3% |
| 52. | Lebanon | $5,143,000 | -98.8% |
| 53. | British Virgin Is | $4,894,000 | -93.3% |
| 54. | Portugal | $4,288,000 | +97.1% |
| 55. | Latvia | $3,488,000 | +1164% |
| 56. | Denmark | $3,438,000 | -30.2% |
| 57. | Sweden | $3,290,000 | +78.4% |
| 58. | Ireland | $2,266,000 | -29.7% |
| 59. | Gibraltar | $2,251,000 | 0% |
| 60. | Barbados | $2,199,000 | +1209% |
| 61. | Indonesia | $2,044,000 | +35.4% |
| 62. | Qatar | $1,463,000 | 0% |
| 63. | Greece | $1,254,000 | -0.6% |
| 64. | Cyprus | $1,120,000 | +748.5% |
| 65. | Micronesia | $1,014,000 | 0% |
| 66. | Panama | $895,000 | -32.4% |
| 67. | Poland | $529,000 | +14.8% |
| 68. | Rwanda | $467,000 | 0% |
| 69. | Macao | $436,000 | -55.9% |
| 70. | Czech Republic | $424,000 | -80.4% |
| 71. | Lithuania | $415,000 | +78.9% |
| 72. | Ivory Coast | $291,000 | -53.2% |
| 73. | Ukraine | $282,000 | -20.3% |
| 74. | Finland | $266,000 | +129.3% |
| 75. | Dominican Republic | $247,000 | +311.7% |
| 76. | New Zealand | $239,000 | -38.2% |
| 77. | Hungary | $231,000 | -68% |
| 78. | Kazakhstan | $207,000 | 0% |
| 79. | Norway | $205,000 | -54.2% |
| 80. | Kuwait | $195,000 | 0% |
| 81. | Croatia | $169,000 | -19.5% |
| 82. | Venezuela | $125,000 | +78.6% |
| 83. | Mali | $108,000 | 0% |
| 84. | Belize | $91,000 | -52.6% |
| 85. | US Minor Outlying Is | $68,000 | +1260% |
| 86. | Slovakia | $64,000 | -58.4% |
| 87. | Guam | $63,000 | +90.9% |
| 88. | Bermuda | $62,000 | -16.2% |
| 89. | Aruba | $52,000 | 0% |
| 90. | Fiji | $34,000 | 0% |
| 91. | Pakistan | $30,000 | -58.9% |
| 92. | Cameroon | $28,000 | -91.8% |
| 93. | Luxembourg | $20,000 | -87.7% |
| 94. | Andorra | $16,000 | -77.1% |
| 95. | Costa Rica | $14,000 | 0% |
| 96. | North Macedonia | $11,000 | 0% |
| 97. | Greenland | $5,000 | 0% |
| 98. | Iraq | $3,000 | 0% |
| 99. | Guatemala | $1,000 | 0% |
| 100. | Afghanistan | $1,000 | 0% |
Enlarging the scope to the 100 biggest suppliers, the fastest-growing diamond exporters were Congo (up 26,447% from 2022), Curaçao (up 8,470%), US Minor Outlying Islands (up 1,260%), Barbados (up 1,209%) and Latvia (up 1,164%).
You can change the presentation order by clicking the triangle icon at the top of any of the columns above.
The right-most column records the change in value for exported diamonds from 2022 to 2023. An entry of 0% in that column means that no 2022 data was available.
Countries Earning Biggest Surpluses Trading Diamonds
The following countries posted the highest positive net exports for unset diamonds during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s diamond exports and its import purchases for that same commodity.
- Botswana: US$3.4 billion (net export surplus down -32.7% since 2022)
- Israel: $2.4 billion (down -46.8%)
- Russia: $1.94 billion (down -56.4%)
- Angola: $1.88 billion (down -4.6%)
- South Africa: $1.5 billion (down -18.8%)
- Canada: $1.4 billion (down -15.4%)
- Namibia: $1.3 billion (up 19.7%)
- Belgium: $547.7 million (up 47.4%)
- Zimbabwe: $324.8 million (up 97%)
- Lesotho: $196.1 million (up 13.5%)
- Sierra Leone: $98.1 million (down -2.6%)
- Democratic Rep. Congo: $82 million (down -36.7%)
- Curaçao: $49.8 million (reversing a -$46.3 million deficit)
- Armenia: $28.3 million (up 1.9%)
- Tanzania: $23.6 million (down -62.4%)
Botswana and Israel garnered the highest surpluses in the international trade of unmounted diamonds. In turn, the positive cashflows confirm both countries’ strong competitive advantages in the global diamond trade.
Countries Causing Worst Deficits Trading Diamonds
The following countries posted the highest negative net exports for unset diamonds during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s diamond import purchases and its exports for that same commodity.
- mainland China: -US$4 billion (net export deficit down -35.5% since 2022)
- India: -$3.8 billion (up 13.5%)
- United States of America: -$2.2 billion (down -63.3%)
- United Arab Emirates: -$1.3 billion (reversing a $2.1 billion surplus)
- France: -$910.2 million (up 31.9%)
- Hong Kong: -$900.7 million (down -45.9%)
- Italy: -$728.1 million (down -6.3%)
- Japan: -$653.6 million (up 14.7%)
- Switzerland: -$643.8 million (down -10.6%)
- United Kingdom: -$560 million (up 28.8%)
- Thailand: -$479.8 million (down -16.3%)
- Australia: -$148.9 million (down -53.7%)
- Vietnam: -$136.8 million (up 90.9%)
- Türkiye: -$124 million (down -22.2%)
- Germany: -$117.4 million (down -44%)
Mainland China and India incurred the highest deficits in the international trade of unmounted diamonds. In turn, these negative cashflows highlight both countries’ strong competitive disadvantages for this specific product category. Also revealed are opportunities for diamond-supplying countries that help satisfy the powerful consumer demand.
Diamonds Exporting Companies
Below are companies that dominate the global diamond trade based on Bain & Company’s 2019 Diamond Industry Report. Shown within parenthesis is the country where the company is headquartered.
- De Beers (Luxembourg)
- ALROSA (Russia)
- Rio Tinto Group (United Kingdom)
- Dominion Diamond Corporation (Canada)
- Petra (Jersey)
Israel Diamond Exchange is the world’s biggest diamond trading business.
According to global trade intelligence firm Zepol, the following companies are multinational diamond traders located in the country shown within parentheses.
- Hari Krishna Exports Pvt. Ltd. (India)
- Debswana Diamond Company Ltd. (Botswana)
- Namibia Diamond Trading Company (Namibia)
See also Diamond Imports by Country, Exported Paintings and Drawings by Country, Gold Exports by Country Plus Average Prices and Silver Exports by Country
Research Sources:
Bain & Company, Diamond Industry Report 2019 (p10) . Accessed on August 2, 2024
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on August 2, 2024
International Trade Centre, Trade Map. Accessed on August 2, 2024
Investopedia, Net Exports Definition. Accessed on August 2, 2024
Wikipedia, Diamond Mining Companies. Accessed on August 2, 2024
Zepol’s company summary highlights by HTS code. Accessed on August 2, 2024