Diamond Exports by Country

Diamond Exports by Country

Diamond bracelet

Global sales from diamond exports by country totaled an estimated US$127.9 billion in 2018.

Overall, the value of diamond exports dropped by an average -14.8% for all exporting countries since 2014 when global shipments of diamonds were valued at $150.1 billion. Year over year, the value of exported diamonds slipped by -3.3% from 2017 to 2018.

Among continents, Asian countries sold $71 billion worth or 55.5% of worldwide diamonds exported in 2018. European exporters generated 19.4% trailed by North American diamond shippers at 17.3%, African sources at 6.7%, Oceanian diamond suppliers at 0.3% mostly in Australia, then Latin America (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 2018.

  1. India: US$25.6 billion (20% of total exported diamonds)
  2. United States: $20 billion (15.6%)
  3. Hong Kong: $16.2 billion (12.7%)
  4. Belgium: $15 billion (11.7%)
  5. Israel: $14.4 billion (11.2%)
  6. United Arab Emirates: $9.3 billion (7.3%)
  7. Russia: $5 billion (3.9%)
  8. Botswana: $3.9 billion (3.1%)
  9. South Africa: $2.1 billion (1.7%)
  10. Canada: $2.1 billion (1.6%)
  11. United Kingdom: $2.1 billion (1.6%)
  12. Switzerland: $2 billion (1.6%)
  13. Thailand: $1.7 billion (1.3%)
  14. Singapore: $1.5 billion (1.2%)
  15. China: $1.5 billion (1.2%)

The listed 15 countries shipped 95.7% of global diamond exports in 2018 by value.

Four among the top exporters grew their export sales of diamonds since 2014 namely: Switzerland (up 6.9%), India (up 6.5%), United Kingdom (up 2.7%) and Hong Kong (up 0.5%).

Those countries that posted declines in their international sales of diamonds were led by: China (down -45.6%), Botswana (down -41.3%), United Arab Emirates (down -34.9%), Israel (down -30%) and Belgium (down -27.1%).


The following countries posted the highest positive net exports for unset diamonds during 2018. 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.

  1. Israel: US$7.8 billion (net export surplus down -30.2% since 2014)
  2. Russia: $4.9 billion (down -7.1%)
  3. Botswana: $2.8 billion (down -31.5%)
  4. Canada: $1.7 billion (down -17.6%)
  5. South Africa: $1.5 billion (down -17.8%)
  6. United Arab Emirates: $1.4 billion (down -7%)
  7. Belgium: $1.1 billion (up 39.7%)
  8. Angola: $971.3 million (down -23.8%)
  9. Lesotho: $536.7 million (no 2014 data)
  10. Namibia: $454.7 million (down -58.2%)
  11. Democratic Rep. Congo: $137.9 million (down -45.6%)
  12. Zimbabwe: $91.9 million (down -60.2%)
  13. Tanzania: $80.9 million (up 12,625%)
  14. Sierra Leone: $72 million (no 2014 data)
  15. Brazil: $34.9 million (reversing a -$3.2 million deficit)

Israel has the highest surplus in the international trade of unmounted diamonds. In turn, this positive cashflow confirms Israel’s strong competitive advantage in the global diamond trade.


The following countries posted the highest negative net exports for unset diamonds during 2018. 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.

  1. China: -US$7.4 billion (net export deficit up 15.2% since 2014)
  2. Hong Kong: -$4.7 billion (down -19.5%)
  3. United States: -$4.4 billion (up 14.5%)
  4. India: -$1.1 billion (reversing a $2.5 billion surplus)
  5. Japan: -$819.3 million (down -4.9%)
  6. United Kingdom: -$703.2 million (up 62.6%)
  7. France: -$552.8 million (down -5.6%)
  8. Switzerland: -$516.9 million (down -43.4%)
  9. Thailand: -$502.6 million (reversing an $876.4 million surplus)
  10. Italy: -$486.9 million (down -17.7%)
  11. Germany: -$192.8 million (up 26.5%)
  12. Vietnam: -$162.5 million (up 840.2%)
  13. Turkey: -$142 million (up 321.1%)
  14. Lebanon: -$115.2 million (down -13.5%)
  15. Armenia: -$95.1 million (up 213.6%)

China, Hong Kong and United States 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 demand from consumers living in these powerful economies.


Diamond Exporting Companies

Below are companies that dominate the global diamond trade based on Bain & Company’s 2015 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)


Searchable List of Diamond Exporting Countries in 2018

You can change the presentation order by clicking the triangle icon at the top of any of the columns below.

RankExporterDiamond Exports (US$)% World Total
1.India$25.6 billion20%
2.United States$20 billion15.6%
3.Hong Kong$16.2 billion12.7%
4.Belgium$15 billion11.7%
5.Israel$14.4 billion11.2%
6.United Arab Emirates$9.3 billion7.3%
7.Russia$5 billion3.9%
8.Botswana$3.9 billion3.1%
9.South Africa$2.1 billion1.7%
10.Canada$2.1 billion1.6%
11.United Kingdom$2.1 billion1.6%
12.Switzerland$2 billion1.6%
13.Thailand$1.7 billion1.3%
14.Singapore$1.5 billion1.2%
15.China$1.5 billion1.2%
16.Angola$971.3 million0.8%
17.Lesotho$536.7 million0.4%
18.France$470.8 million0.4%
19.Namibia$467.8 million0.4%
20.Australia$417.3 million0.3%
21.Lebanon$286.8 million0.2%
22.Italy$160.5 million0.1%
23.Democr. Rep. Congo$138.1 million0.1%
24.Vietnam$132.5 million0.1%
25.Sri Lanka$123.9 million0.1%
26.Germany$103.4 million0.1%
27.Zimbabwe$91.9 million0.1%
28.Tanzania$81 million0.1%
29.Mauritius$79.1 million0.1%
30.Armenia$77.2 million0.1%
31.Sierra Leone$73.4 million0.1%
32.Japan$65.9 million0.1%
33.Brazil$51.2 million0.04%
34.British Virgin Islands$41.4 million0.03%
35.Mexico$36.5 million0.03%
36.Turkey$33.2 million0.03%
37.Cambodia$27.9 million0.02%
38.Panama$27.7 million0.02%
39.Spain$23 million0.02%
40.Malaysia$19.4 million0.02%
41.Bahrain$19.1 million0.01%
42.Taiwan$16.3 million0.01%
43.Liberia$14.9 million0.01%
44.Congo$14.9 million0.01%
45.Qatar$13.1 million0.01%
46.Laos$12.8 million0.01%
47.Guyana$12.3 million0.01%
48.Curaçao$12.1 million0.01%
49.Netherlands$12 million0.01%
50.Guinea$9.7 million0.01%
51.Central African Rep$9 million0.01%
52.Saudi Arabia$8.6 million0.01%
53.Austria$4.6 million0.004%
54.Ukraine$3.9 million0.003%
55.Denmark$3.2 million0.002%
56.New Zealand$2.9 million0.002%
57.Greece$2.8 million0.002%
58.Czech Republic$2.2 million0.002%
59.Ghana$2.1 million0.002%
60.South Korea$2.1 million0.002%
61.Ireland$1.8 million0.001%
62.Myanmar$1.4 million0.001%
63.Ivory Coast$1.4 million0.001%
64.Macao$1.4 million0.001%
65.Norway$1.3 million0.001%
72.Christmas Island$417,0000.0003%
77.Dominican Republic$220,0000.0002%
92.North Korea$46,0000.00004%
99.US Minor Outlying Is$14,0000.00001%
102.French Polynesia$9,0000.00001%

See also Diamond Imports by Country, Exported Paintings and Drawings by Country and Beauty Cosmetics and Skincare Exports by Country

Research Sources:
Bain & Company, Diamond Industry Report 2015 (p10) . Accessed on May 3, 2019

Investopedia, Net Exports Definition. Accessed on May 3, 2019

The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on May 3, 2019

Trade Map, International Trade Centre. Accessed on May 3, 2019

Wikipedia, Diamond Mining Companies. Accessed on May 3, 2019

Zepol’s company summary highlights by HTS code. Accessed on May 3, 2019