Diamond Exports by Country

Diamond Exports by Country

Diamond bracelet

Global sales from diamonds exports by country amounted to US$127.6 billion in 2016.

Overall, the value of diamonds exports were down by an average -6.1% for all exporting countries since 2012 when diamonds shipments were valued at $136 billion. Year over year, the value of exported diamonds retreated by a modest -0.8% from 2015 to 2016.

Among continents, Asian countries accounted for $68.1 billion worth or 53.4% of global diamond exports in 2016. European exporters generated 19.8%, followed by North American diamond shippers at 16.6%, African sources at 8.8% followed by Oceanian diamond suppliers at a tiny 0.4% (mostly in Australia).

The 4-digit Harmonized Tariff System code prefix for unset diamonds is 7102.

Diamond Exports by Country


Below are the 15 countries that exported the highest dollar value worth of diamonds during 2016:

  1. India: US$24 billion (18.8% of total diamonds exports)
  2. United States: $19.5 billion (15.3%)
  3. Belgium: $15.9 billion (12.4%)
  4. Israel: $15.6 billion (12.2%)
  5. Hong Kong: $15.3 billion (12%)
  6. United Arab Emirates: $7.4 billion (5.8%)
  7. Botswana: $6.5 billion (5.1%)
  8. Russia: $4.8 billion (3.8%)
  9. Switzerland: $2.1 billion (1.6%)
  10. South Africa: $2 billion (1.5%)
  11. China: $1.9 billion (1.5%)
  12. United Kingdom: $1.8 billion (1.4%)
  13. Singapore: $1.8 billion (1.4%)
  14. Thailand: $1.7 billion (1.3%)
  15. Canada: $1.6 billion (1.3%)

The listed 15 countries shipped 95.5% of all diamonds exports in 2016.

Among the above countries, the fastest-growing diamonds exporters since 2012 were: Singapore (up 161.1%), Botswana (up 36%), United States (up 14.8%) and Switzerland (up 14.2%).

Those countries that posted declines in their exported diamond sales were led by: United Kingdom (down -78.9%), United Arab Emirates (down -40.9%), China (down -34.5%) and Canada (down -32%).


The following countries posted the highest positive net exports for unset diamonds during 2016. 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$8.5 billion (net export surplus down -7.6% since 2012)
  2. India: $5.1 billion (up 243.6%)
  3. Russia: $4.8 billion (up 4%)
  4. Botswana: $4.7 billion (up 82.9%)
  5. South Africa: $1.5 billion (up 5.8%)
  6. Canada: $1.3 billion (down -33.6%)
  7. Angola: $959.2 million (down -13.6%)
  8. Thailand: $871.4 million (up 102.4%)
  9. Belgium: $509.1 million (down -164.5%)
  10. Democratic Rep. Congo: $262.2 million (down -28.3%)
  11. Lesotho: $253.2 million (up 1016.6%)
  12. Tanzania: $171.9 million (up 13347.3%)
  13. Zimbabwe: $118.2 million (down -82.2%)
  14. Australia: $54.8 million (down -118.8%)
  15. Singapore: $45.5 million (down -125.6%)

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 2016. 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$5.9 billion (net export deficit up 107.2% since 2012)
  2. United States: -$4.9 billion (up 50.5%)
  3. Hong Kong: -$3.6 billion (down -26.8%)
  4. United Arab Emirates: -$1.8 billion (up 862.3%)
  5. Japan: -$877.5 million (down -2.1%)
  6. Italy: -$648.4 million (up 48.4%)
  7. France: -$457.5 million (down -21.9%)
  8. Switzerland: -$443.8 million (down -34.3%)
  9. United Kingdom: -$371.9 million (down -160.7%)
  10. Vietnam: -$208.2 million (up 296%)
  11. Germany: -$109.4 million (down -32.4%)
  12. Lebanon: -$95.9 million (up 16.6%)
  13. Taiwan: -$77.2 million (down -23.9%)
  14. Mexico: -$67 million (down -37.5%)
  15. Turkey: -$66.2 million (up 191%)

China and the United States incurred the highest deficits in the international trade of unmounted diamonds in 2016. In turn, this negative cashflow highlights both countries strong competitive disadvantages for this specific product category but also signals 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.

RankExporter2016 Diamond Exports% World Total
1.IndiaUS$24 billion18.8%
2.United States$19.5 billion15.3%
3.Belgium$15.9 billion12.4%
4.Israel$15.6 billion12.2%
5.Hong Kong$15.3 billion12%
6.United Arab Emirates$7.4 billion5.8%
7.Botswana$6.5 billion5.1%
8.Russia$4.8 billion3.8%
9.Switzerland$2.1 billion1.6%
10.South Africa$2 billion1.5%
11.China$1.9 billion1.5%
12.United Kingdom$1.8 billion1.4%
13.Singapore$1.8 billion1.4%
14.Thailand$1.7 billion1.3%
15.Canada$1.6 billion1.3%
16.Angola$959.2 million0.8%
17.Namibia$873 million0.7%
18.Australia$478.9 million0.4%
19.France$383.7 million0.3%
20.Democratic Rep. Congo$262.2 million0.2%
21.Lesotho$253.2 million0.2%
22.Tanzania$171.9 million0.1%
23.Italy$145.2 million0.1%
24.Zimbabwe$118.3 million0.1%
25.Germany$114.7 million0.1%
26.British Virgin Is.$109.9 million0.1%
27.Armenia$104.7 million0.1%
28.Sri Lanka$104.1 million0.1%
29.Vietnam$76.4 million0.1%
30.Mauritius$69.6 million0.1%
31.Mexico$66.6 million0.1%
32.Japan$65.7 million0.1%
33.Lebanon$52.3 million0.04%
34.Curaçao$42.5 million0.03%
35.Brazil$38.7 million0.03%
36.Panama$23.6 million0.02%
37.Cambodia$20.8 million0.02%
38.Taiwan$19.6 million0.02%
39.Congo$17.7 million0.01%
40.Guinea$16.6 million0.01%
41.Spain$15.3 million0.01%
42.Turkey$14.5 million0.01%
43.Guyana$13.2 million0.01%
44.Netherlands$10.3 million0.01%
45.Laos$9.7 million0.01%
46.Liberia$8 million0.01%
47.Malaysia$6.7 million0.01%
48.Zambia$6.7 million0.01%
49.Poland$6.1 million0.005%
50.Austria$5 million0.004%
51.New Zealand$4.3 million0.003%
52.Czech Republic$3.2 million0.002%
53.Barbados$3 million0.002%
54.Denmark$2.5 million0.002%
55.Malta$2.5 million0.002%
56.Côte d'Ivoire$2.2 million0.002%
57.Ukraine$2.1 million0.002%
58.Ghana$1.9 million0.002%
59.Central African Rep.$1.9 million0.001%
60.South Korea$1.6 million0.001%
61.Ireland$1.5 million0.001%
62.Serbia$1 million0.001%
69.Saudi Arabia$401,0000.0003%
75.Myanmar (Burma)$230,0000.0002%
77.Dominican Republic$180,0000.0001%
83.Saint Lucia$94,0000.0001%
86.Cook Islands$55,0000.00004%
95.Brunei Darussalam$26,0000.00002%
106.Br. Indian Ocean Terr.$1,0000.000001%

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 24, 2017

Trade Map, International Trade Centre. Accessed on May 24, 2017

Investopedia, Net Exports Definition. Accessed on May 24, 2017

Bain & Company, Diamond Industry Report 2015 (p10) . Accessed on May 24, 2017

Wikipedia, Diamond Mining Companies. Accessed on May 24, 2017

Zepol’s company summary highlights by HTS code. Accessed on May 24, 2017