How much did the diamond market grow last year?

• Which places saw the biggest increases?
• Who exported the most?
• What are the future projections?

The value of the global diamond production increased by 20% last year. That is mainly due to the increase in the price of the rough diamond. The production volume increased by 3% up to approximately 130 million carat, the production price has remained stable since 2010. This was evident from the figures published in the Global Diamond Industry Report. How has the diamond market changed since 2015? Who are the most important players? BNT Diamonds will summarise it all for you.

Even though the global trade in rough diamonds has increased significantly since the difficult 2015, we have seen a strong segmentation in the sales market. Zimbabwe was the biggest loser with -16% between 2010 and 2015, with another hefty -40% between 2015 and 2016. The only other player to lose during both periods is Botswana, but these losses were always limited to -1%. South Africa and the Congo also lost during the period between 2010 and 2015, but respectively saw increases of 15% and a little over 0% the following year.

The 15% increase for South Africa instantly made the country the fastest grower in the diamond market since 2015. Australia did not lose, but did not win a great deal either with 6% and 3%. Canada rose from 0% between 2010 and 2015 to 12% between 2015 and 2016.

Belgium was the third biggest diamond exporter in the world in 2016 according to World’s Top Exports. With approximately 12.4% of the total global value in diamonds, we are closely following the United States with 15.3%. The economically fast growing India is clearly in the lead. They export an impressive 18.8% of the total diamond value. The top 15 exporting countries exported 95.5% of the global value in the diamond market. Canada is at the bottom of these countries with 1.3%.

The United States lost 78.9% of their normal export value. The United Arab Emirates lost 40.9% and China 34.5%.

From a global perspective, the growth between 2015 and 2016 and the figures for the first half of 2017 are expected to be stable. The demand for rough diamonds is expected to go up by 1% to 4% every year, whilst the supply is going to increase by 0% to 1%. This growth will remain steady, with the exception of a few temporary corrections, until 2030. With a predicted increase in purchasing power in the United States from 1.5% to 2.5%, they are supposed to stay high on the list of buyers.

What if I instantly want to benefit from the stable and profitable diamond market? How can I start to invest straight away? Ask BNT Diamonds’ diamond experts for advice or request a quotation now.