Diamond Exports by Country

Diamond Exports by Country

Diamond bracelet

Global sales from diamonds exports by country totaled US$118.5 billion in 2017.

Overall, the value of diamonds exports slipped by an average -22.9% for all exporting countries since 2013 when diamonds shipments were valued at $153.7 billion. Year over year, the value of exported diamonds retreated by -11.2% from 2016 to 2017.

Among continents, Asian countries accounted for $63.3 billion worth or 53.4% of worldwide diamond exports in 2017. European exporters generated 20.9% followed by North American diamond shippers at 17.7%, African sources at 7.6% then Oceanian diamond suppliers at a tiny 0.4% (mostly in Australia).

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 2017:

  1. United States: US$19 billion (16% of total exported diamonds)
  2. India: $18.1 billion (15.3%)
  3. Hong Kong: $17.1 billion (14.5%)
  4. Belgium: $15.3 billion (12.9%)
  5. Israel: $14.7 billion (12.4%)
  6. United Arab Emirates: $8.4 billion (7.1%)
  7. Russia: $4.7 billion (4%)
  8. Botswana: $4.4 billion (3.7%)
  9. United Kingdom: $2.2 billion (1.9%)
  10. South Africa: $1.9 billion (1.6%)
  11. Canada: $1.9 billion (1.6%)
  12. Switzerland: $1.8 billion (1.5%)
  13. Thailand: $1.6 billion (1.3%)
  14. Singapore: $1.5 billion (1.2%)
  15. China: $1.4 billion (1.1%)

The listed 15 countries shipped 96.2% of all diamonds exports in 2017.

Only two top countries increased the value of their diamond exports since 2013, namely Hong Kong via a 16% increase followed by Singapore via a 6.4% appreciation .

Among the 13 countries that posted declines in their exported diamond sales, the loss leaders were: United Kingdom (down -66.9%), China (down -49.7%), United Arab Emirates (down -44.3%), India (down -37.5%), Botswana (down -29.3%), Belgium (down -26.9%) and Israel (down -22.8%).


The following countries posted the highest positive net exports for unset diamonds during 2017. 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$8 billion (net export surplus down -20.2% since 2013)
  2. Russia: $4.6 billion (down -6%)
  3. Botswana: $3.3 billion (down -21.5%)
  4. Belgium: $1.6 billion (reversing a -$47.1 million deficit)
  5. Canada: $1.5 billion (down -10.6%)
  6. South Africa: $1.4 billion (down -5.8%)
  7. Angola: $1.2 billion (up 1.9%)
  8. Lesotho: $376.2 million (up 8,122%)
  9. Namibia: $354.9 million (down -61.9%)
  10. Democ. Rep. Congo: $251.1 million (down -21.4%)
  11. Zimbabwe: $124.2 million (down -62%)
  12. Sierra Leone: $118.2 million (no 2013 data)
  13. United Arab Emirates: $67 million (down -90%)
  14. Singapore: $58.3 million (reversing a -$116 million deficit)
  15. Tanzania: $57.1 million (up 2064.8%)

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 2017. 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$6.5 billion (net export deficit up 50.5% since 2013)
  2. United States: -$4.3 billion (up 2.7%)
  3. India: -$3.8 billion (reversing a $6.3 billion surplus)
  4. Hong Kong: -$3.4 billion (down -35.4%)
  5. Japan: -$731.1 million (down -16.5%)
  6. Switzerland: -$671.1 million (down -22.7%)
  7. Italy: -$506.9 million (up 14%)
  8. France: -$425.2 million (down -25.8%)
  9. Thailand: -$300.5 million (reversing a $351.7 million surplus)
  10. United Kingdom: -$211.1 million (reversing an $88.1 million surplus)
  11. Germany: -$127.6 million (down -22.7%)
  12. Armenia: -$109.5 million (up 285.6%)
  13. Vietnam: -$106.6 million (up 148.1%)
  14. Lebanon: -$104.4 million (up 17.8%)
  15. Taiwan: -$72.6 million (down -36.7%)

China and the 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 the world’s two most 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

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

RankExporter2017 Diamond Exports% World Total
1.United StatesUS$19 billion16%
2.India$18.1 billion15.3%
3.Hong Kong$17.1 billion14.5%
4.Belgium$15.3 billion12.9%
5.Israel$14.7 billion12.4%
6.United Arab Emirates$8.4 billion7.1%
7.Russia$4.7 billion4%
8.Botswana$4.4 billion3.7%
9.United Kingdom$2.2 billion1.9%
10.South Africa$1.9 billion1.6%
11.Canada$1.9 billion1.6%
12.Switzerland$1.8 billion1.5%
13.Thailand$1.6 billion1.3%
14.Singapore$1.5 billion1.2%
15.China$1.4 billion1.1%
16.Angola$1.2 billion1%
17.Australia$409.8 million0.3%
18.Lesotho$376.3 million0.3%
19.Namibia$366.8 million0.3%
20.France$341.6 million0.3%
21.Democ. Rep. Congo$251.3 million0.2%
22.Italy$183.2 million0.2%
23.Vietnam$128.2 million0.1%
24.Zimbabwe$124.2 million0.1%
25.Sierra Leone$118.6 million0.1%
26.Germany$104.9 million0.1%
27.Sri Lanka$87.9 million0.1%
28.Mauritius$78.9 million0.1%
29.Japan$62.9 million0.1%
30.Lebanon$61.7 million0.1%
31.Brazil$61.7 million0.1%
32.Tanzania$57.1 million0.05%
33.Panama$50.2 million0.04%
34.Congo$45.8 million0.04%
35.Mexico$41.7 million0.04%
36.Armenia$41.6 million0.04%
37.British Virgin Is$41.2 million0.03%
38.Bahrain$24.6 million0.02%
39.Curaçao$24.2 million0.02%
40.Cambodia$21.4 million0.02%
41.Qatar$17.8 million0.02%
42.Netherlands$15.9 million0.01%
43.Spain$15.2 million0.01%
44.Taiwan$14.6 million0.01%
45.Guyana$12.6 million0.01%
46.Guinea$12 million0.01%
47.Turkey$10.8 million0.01%
48.Belarus$9.7 million0.01%
49.Liberia$8.7 million0.01%
50.Malaysia$7.6 million0.01%
51.Central African Rep$7.3 million0.01%
52.Ukraine$7 million0.01%
53.Austria$6.6 million0.01%
54.Laos$6.2 million0.01%
55.Myanmar (Burma)$4.6 million0.004%
56.Solomon Islands$4.4 million0.004%
57.Denmark$3.9 million0.003%
58.Czech Republic$2.7 million0.002%
59.Ireland$2.2 million0.002%
60.Ghana$2.1 million0.002%
61.South Korea$2 million0.002%
62.Côte d'Ivoire$1.7 million0.001%
63.Greece$1.1 million0.001%
64.Saudi Arabia$939,0000.001%
66.New Zealand$675,0000.001%
70.Dominican Republic$460,0000.0004%
84.US Minor Outlying Is$75,0000.0001%
91.Turks/Caicos Is$33,0000.00003%
96.Br. Indian Ocean Terr$23,0000.00002%
101.French Polynesia$15,0000.00001%
103.Cayman Islands$11,0000.00001%
106.Cook Islands$6,0000.00001%

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

Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on May 22, 2018

Trade Map, International Trade Centre. Accessed on May 22, 2018

Investopedia, Net Exports Definition. Accessed on May 22, 2018

Bain & Company, Diamond Industry Report 2015 (p10) . Accessed on May 22, 2018

Wikipedia, Diamond Mining Companies. Accessed on May 22, 2018

Zepol’s company summary highlights by HTS code. Accessed on May 22, 2018