Overall, the value of globally exported diamonds rose by an average 2.4% for all exporting countries since five years earlier in 2020 when global shipments of diamonds were valued at $76.4 billion.
Year over year, the value of exported diamonds shrank by -28.1% compared to $109.3 billion starting from 2023.
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 (71.4%) of international diamond sales in 2024.
Among continents, suppliers in Asia sold $46.1 billion or 59.1% worth of the world’s exported diamonds in 2024. Exporters located in North America generated 17.3% worth, trailed by Europe at another 14.8%.
Smaller percentages of global diamond exports originated from providers in Africa (8.6%), mostly Australia in Oceania (0.1%), and Latin America (0.03%) 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 2024.
- India: US$14.4 billion (18.3% of total diamonds exports)
- United States: $12.4 billion (15.8%)
- Hong Kong: $12.2 billion (15.5%)
- United Arab Emirates: $10.1 billion (12.8%)
- Belgium: $7 billion (8.9%)
- Israel: $5.6 billion (7.1%)
- Botswana: $2.3 billion (2.9%)
- Russia: $1.74 billion (2.2%)
- South Africa: $1.68 billion (2.1%)
- Switzerland: $1.4 billion (1.8%)
- Thailand: $1.2 billion (1.5%)
- mainland China: $1.16 billion (1.5%)
- Canada: $1.07 billion (1.4%)
- Namibia: $1.06 billion (1.3%)
- United Kingdom: $759.6 million (1%)
By value, the listed 15 countries shipped 94.3% of global exports for diamonds in 2024.
Among these top exporters, the lone diamonds exporter to grow was the United Kingdom via a 75.2% gain compared to 2023.
Those countries that posted declines in their exported diamonds sales were led by: Russia (down -54.2% from 2023), United Arab Emirates (down -47.7%), Botswana (down -47.4%), mainland China (down -40.3%) and Canada (down -37.1%).
Searchable List of Diamond Exporting Countries in 2024
Showcased below are the export sales of diamonds from the 101 supplying countries in 2024.
These diamond exporters accounted for all diamonds sold on global markets during 2024.
| Rank | Exporter | Diamond Exports | 2023-4 |
|---|---|---|---|
| 1. | India | $14,376,971,000 | -20.8% |
| 2. | United States | $12,428,105,000 | -26.2% |
| 3. | Hong Kong | $12,182,820,000 | -16.8% |
| 4. | United Arab Emirates | $10,089,298,000 | -47.7% |
| 5. | Belgium | $7,022,360,000 | -27.5% |
| 6. | Israel | $5,609,820,000 | -14.6% |
| 7. | Botswana | $2,278,608,000 | -47.4% |
| 8. | Russia | $1,744,266,000 | -54.2% |
| 9. | South Africa | $1,683,914,000 | -18.1% |
| 10. | Switzerland | $1,393,112,000 | -2.3% |
| 11. | Thailand | $1,204,558,000 | -6.7% |
| 12. | China | $1,155,336,000 | -40.3% |
| 13. | Canada | $1,071,241,000 | -37.1% |
| 14. | Namibia | $1,059,037,000 | -22.2% |
| 15. | United Kingdom | $759,648,000 | +75.2% |
| 16. | Angola | $738,375,000 | -53% |
| 17. | Armenia | $485,632,000 | -17.6% |
| 18. | Lesotho | $388,906,000 | +98.3% |
| 19. | Singapore | $350,406,000 | -39.2% |
| 20. | Democratic Republic Congo | $320,597,000 | +290.8% |
| 21. | France | $269,677,000 | -27.2% |
| 22. | Italy | $176,039,000 | -8.8% |
| 23. | Sri Lanka | $157,706,000 | -29.2% |
| 24. | Australia | $93,821,000 | -60.6% |
| 25. | Vietnam | $90,940,000 | -74.4% |
| 26. | Cambodia | $89,454,000 | +42.4% |
| 27. | Japan | $76,609,000 | +20.1% |
| 28. | Macao | $61,677,000 | +14046% |
| 29. | Tanzania | $58,173,000 | +146.8% |
| 30. | Sierra Leone | $48,558,000 | -39.6% |
| 31. | Zimbabwe | $47,184,000 | -85.5% |
| 32. | Germany | $44,997,000 | -29.5% |
| 33. | Belarus | $38,308,000 | +53.5% |
| 34. | Netherlands | $27,281,000 | -28.1% |
| 35. | South Korea | $24,491,000 | +74.4% |
| 36. | Malaysia | $24,216,000 | -24.4% |
| 37. | Laos | $23,647,000 | -24.2% |
| 38. | Mauritius | $20,560,000 | -74.8% |
| 39. | Taiwan | $17,237,000 | +49.2% |
| 40. | Liberia | $17,206,000 | 0% |
| 41. | Türkiye | $15,085,000 | -41% |
| 42. | Spain | $14,321,000 | -24.6% |
| 43. | Guinea | $14,236,000 | +19% |
| 44. | Brazil | $11,628,000 | -53.2% |
| 45. | Ghana | $11,611,000 | +11.7% |
| 46. | Central African Republic | $9,431,000 | -33.6% |
| 47. | Bahrain | $9,306,000 | +73.6% |
| 48. | Guyana | $7,297,000 | -11.9% |
| 49. | Lebanon | $6,584,000 | -97.5% |
| 50. | Austria | $5,237,000 | -21.7% |
| 51. | Denmark | $3,723,000 | +8.3% |
| 52. | Mexico | $3,143,000 | -86.8% |
| 53. | Sweden | $2,691,000 | -18.2% |
| 54. | Saudi Arabia | $2,539,000 | +66.9% |
| 55. | Greece | $2,108,000 | +68.1% |
| 56. | Ireland | $2,076,000 | -8.4% |
| 57. | Indonesia | $1,980,000 | -3.1% |
| 58. | Qatar | $1,643,000 | 0% |
| 59. | Panama | $1,029,000 | +15% |
| 60. | Luxembourg | $1,008,000 | +4940% |
| 61. | Gibraltar | $956,000 | -57.5% |
| 62. | New Zealand | $732,000 | +206.3% |
| 63. | Czech Republic | $693,000 | +63.4% |
| 64. | Cyprus | $639,000 | -42.9% |
| 65. | British Virgin Islands | $609,000 | -87.6% |
| 66. | Norway | $510,000 | +148.8% |
| 67. | Finland | $503,000 | -0.2% |
| 68. | Ukraine | $440,000 | +56% |
| 69. | Bhutan | $364,000 | 0% |
| 70. | Latvia | $330,000 | -24.5% |
| 71. | Congo | $325,000 | -85.4% |
| 72. | Dominican Republic | $296,000 | +19.8% |
| 73. | Poland | $244,000 | -66.4% |
| 74. | Costa Rica | $200,000 | +1329% |
| 75. | Croatia | $164,000 | -3.5% |
| 76. | Niger | $144,000 | 0% |
| 77. | Oman | $131,000 | +32.3% |
| 78. | Belize | $127,000 | +39.6% |
| 79. | Barbados | $71,000 | -96.8% |
| 80. | Afghanistan | $53,000 | +5200% |
| 81. | Jordan | $52,000 | 0% |
| 82. | Romania | $46,000 | 0% |
| 83. | Ivory Coast | $44,000 | -84.9% |
| 84. | Nigeria | $31,000 | 0% |
| 85. | Nicaragua | $30,000 | 0% |
| 86. | Kazakhstan | $30,000 | -85.5% |
| 87. | Albania | $27,000 | 0% |
| 88. | Bahamas | $26,000 | 0% |
| 89. | Venezuela | $26,000 | -79.2% |
| 90. | Portugal | $24,000 | -99.4% |
| 91. | Malta | $18,000 | 0% |
| 92. | Azerbaijan | $16,000 | 0% |
| 93. | Pakistan | $13,000 | -56.7% |
| 94. | Slovenia | $11,000 | 0% |
| 95. | Slovakia | $11,000 | -82.8% |
| 96. | Estonia | $11,000 | 0% |
| 97. | French S./Antarctic Territories | $5,000 | 0% |
| 98. | Hungary | $2,000 | -99.1% |
| 99. | Cameroon | $2,000 | -97.3% |
| 100. | Aruba | $2,000 | -96.2% |
| 101. | Lithuania | $1,000 | -99.8% |
Enlarging the scope to the 101 biggest suppliers, the fastest-growing diamond exporters were Macao, China (up 14,046% from 2023), Afghanistan (up 4,200%), Luxembourg (up 4,940%), Costa Rica (up 1,329%), Democratic Republic of the Congo (up 290.8%), and New Zealand (up 206.3%).
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 2023 to 2024. An entry of 0% in that column means that no 2023 data was available.
Countries Earning Biggest Surpluses Trading Diamonds
The following countries posted the highest positive net exports for unset diamonds during 2024. 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.
- Israel: US$2.5 billion (net export surplus up 4.2% since 2023)
- Russia: $1.6 billion (down -54.8%)
- South Africa: $1.1 billion (down -24.2%)
- Botswana: $982.1 million (down -71%)
- Belgium: $910 million (up 66.2%)
- Namibia: $882.1 million (down -29.5%)
- Canada: $862.3 million (down -39.5%)
- Angola: $738.3 million (down -53%)
- United Arab Emirates: $508.6 million (up 20.5%)
- Lesotho: $388.9 million (up 98.3%)
- Democratic Republic Congo: $320.6 million (up 290.8%)
- Hong Kong: $117.7 million (reversing a -$900.7 million deficit)
- Tanzania: $58.2 million (up 146.8%)
- Sierra Leone: $48.6 million (down -39.6%)
- Zimbabwe: $47.2 million (down -85.5%)
Israel and the Russian Federation 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 2024. 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.
- India: -US$3.3 billion (net export deficit down -13.6% since 2023)
- United States of America: -$2.9 billion (up 35.9%)
- mainland China: -$2.8 billion (down -30.8%)
- France: -$700.4 million (down -23.4%)
- Italy: -$568.9 million (down -21.9%)
- Japan: -$523.7 million (down -19.9%)
- Thailand: -$334.3 million (down -30.3%)
- Switzerland: -$333.4 million (down -48.2%)
- United Kingdom: -$292.8 million (down -47.7%)
- Vietnam: -$193.5 million (reversing a $75.4 million surplus)
- Türkiye: -$161.6 million (up 30.4%)
- Australia: -$105.8 million (down -29%)
- Germany: -$95.3 million (down -20.3%)
- Mexico: -$83.9 million (down -18%)
- Qatar: -$71.8 million (up 27207.6%)
India and the United States of America 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 2020 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 2020 (p10) . Accessed on May 27, 2025
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on May 27, 2025
International Trade Centre, Trade Map. Accessed on May 27, 2025
Investopedia, Net Exports Definition. Accessed on May 27, 2025
Wikipedia, Diamond Mining Companies. Accessed on May 27, 2025
Zepol’s company summary highlights by HTS code. Accessed on May 27, 2025