Overall, the value of globally exported diamonds dropped by an average -7.7% for all exporting countries since 2018 when global shipments of diamonds were valued at $135.6 billion.
Year over year, the value of exported diamonds increased by 5.2% compared to $119 billion during 2021.
The 5 major exporters of diamonds were India, United States of America, United Arab Emirates, Hong Kong and Belgium. Combined, that quintet of leading exporters generated two-thirds (66.6%) of international diamond sales in 2022.
Among continents, suppliers in Asia sold $70.5 billion or 56.9% worth of the world’s exported diamonds in 2022. European exporters generated 16.1% worth trailed by North America at another 15.8%.
Smaller percentages of global diamond exports belong to providers in Africa (11.1%), mostly Australia in Oceania (0.1%), and Latin America (also 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 2022.
- India: US$23.9 billion (19.1% of total diamonds exports)
- United States: $17.8 billion (14.2%)
- United Arab Emirates: $14.4 billion (11.5%)
- Hong Kong: $14.1 billion (11.2%)
- Belgium: $13.2 billion (10.5%)
- Israel: $10.9 billion (8.7%)
- Botswana: $7.2 billion (5.8%)
- Russia: $3 billion (2.4%)
- South Africa: $2.7 billion (2.1%)
- China: $2.2 billion (1.8%)
- Angola: $1.97 billion (1.6%)
- Canada: $1.84 billion (1.5%)
- Thailand: $1.76 billion (1.4%)
- Switzerland: $1.71 billion (1.4%)
- Singapore: $1.57 billion (1.3%)
By value, the listed 15 countries shipped 94.5% of global exports for diamonds in 2022.
Among the top exporters, the fastest-growing exporters of diamonds were Thailand (up 41.4% from 2021), Singapore (up 34.8%), Angola (up 27.1%) and Israel (up 24.2%).
Four major suppliers posted declines in their exported diamonds sales, namely Russia (down -33.4% from 2021), United Arab Emirates (down -12.9%), India (down -3.3%) and mainland China (down -2.5%).
Countries Earning Biggest Surpluses Trading Diamonds
The following countries posted the highest positive net exports for unset diamonds during 2022. 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.
- Botswana: US$5.01 billion (net export surplus up 33.8% since 2021)
- Israel: $4.96 billion (up 92.5%)
- Russia: $2.8 billion (down -34.9%)
- Angola: $2 billion (up 27.1%)
- South Africa: $1.8 billion (up 8.1%)
- Canada: $1.4 billion (up 9.2%)
- United Arab Emirates: $1.2 billion (down -37.3%)
- Namibia: $1.1 billion (up 51.6%)
- Belgium: $371.5 million (down -63.0%)
- Lesotho: $172.8 million (down -1.3%)
- Democratic Republic of Congo: $130.3 million (up 2.6%)
- Zimbabwe: $79.7 million (down -51.9%)
- Tanzania: $62.7 million (up 635.6%)
- Singapore: $50.9 million (down -49.9%)
- Sierra Leone: $42.0 million (down -60.6%)
Botswana and Israel 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 2022. 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.
- China: -US$6.3 billion (net export deficit down -17.8% since 2021)
- United States of America: -$5.9 billion (up 8.2%)
- India: -$3.4 billion (up 119.1%)
- Hong Kong: -$1.7 billion (up 20.1%)
- Italy: -$778.1 million (up 12.6%)
- Switzerland: -$720.2 million (up 271.6%)
- France: -$685.1 million (up 56.5%)
- Thailand: -$573.4 million (up 16.1%)
- Japan: -$569.6 million (down -2.9%)
- United Kingdom: -$434.9 million (down -29.4%)
- Australia: -$322 million (down -5.4%)
- Germany: -$209.2 million (up 35.6%)
- Vietnam: -$202.9 million (reversing a $7.4 million surplus)
- Türkiye: -$159.4 million (up 56%)
- Cambodia: -$145.7 million (up 342.2%)
Mainland China 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 2018 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 2022
Showcased below are the export sales of diamonds from 100 of the 105 supplying countries in 2022.
These top 100 diamond exporters accounted for virtually all diamonds sold on global markets during 2022 (a total 99.1% by value).
| Rank | Exporter | Diamond Exports | 2021-2 |
|---|---|---|---|
| 1. | India | $23,919,692,000 | -3.3% |
| 2. | United States | $17,799,924,000 | +20.3% |
| 3. | United Arab Emirates | $14,449,016,000 | -12.9% |
| 4. | Hong Kong | $14,053,903,000 | +0.3% |
| 5. | Belgium | $13,202,011,000 | +5.9% |
| 6. | Israel | $10,880,024,000 | +24.2% |
| 7. | Botswana | $7,216,005,000 | +7.8% |
| 8. | Russia | $3,024,536,000 | -33.4% |
| 9. | South Africa | $2,659,480,000 | +13% |
| 10. | China | $2,217,293,000 | -2.5% |
| 11. | Angola | $1,970,010,000 | +27.1% |
| 12. | Canada | $1,838,569,000 | +7.5% |
| 13. | Thailand | $1,760,173,000 | +41.4% |
| 14. | Switzerland | $1,712,526,000 | +5.3% |
| 15. | Singapore | $1,568,205,000 | +34.8% |
| 16. | Namibia | $1,338,885,000 | +49.6% |
| 17. | United Kingdom | $1,171,607,000 | +38.2% |
| 18. | France | $443,201,000 | +80.8% |
| 19. | Lebanon | $436,208,000 | +3.4% |
| 20. | Vietnam | $427,449,000 | -3.4% |
| 21. | Armenia | $417,740,000 | +295.5% |
| 22. | Italy | $189,306,000 | +26.5% |
| 23. | Lesotho | $172,773,000 | -1.6% |
| 24. | Sri Lanka | $158,102,000 | -0.8% |
| 25. | Democr. Rep. Congo | $130,278,000 | +2.6% |
| 26. | Australia | $109,823,000 | -37.2% |
| 27. | Zimbabwe | $79,675,000 | -51.9% |
| 28. | British Virgin Is | $73,556,000 | +40095% |
| 29. | Germany | $70,949,000 | -14.2% |
| 30. | Tanzania | $62,710,000 | +636.3% |
| 31. | Saudi Arabia | $47,576,000 | 0% |
| 32. | Japan | $47,372,000 | +19.2% |
| 33. | Sierra Leone | $42,004,000 | -60.7% |
| 34. | Laos | $37,814,000 | +5453% |
| 35. | Cambodia | $28,864,000 | +72.7% |
| 36. | Brazil | $27,746,000 | -22% |
| 37. | Spain | $27,043,000 | +46.7% |
| 38. | Belarus | $26,908,000 | 0% |
| 39. | Malaysia | $26,543,000 | -5.9% |
| 40. | Türkiye | $24,990,000 | -19.8% |
| 41. | Taiwan | $20,924,000 | +70.4% |
| 42. | Netherlands | $19,375,000 | +86.8% |
| 43. | Central African Rep | $14,347,000 | +24.4% |
| 44. | South Korea | $13,024,000 | +53.6% |
| 45. | Mauritius | $12,644,000 | -81.6% |
| 46. | Austria | $11,463,000 | +31.1% |
| 47. | Guyana | $6,527,000 | +73.7% |
| 48. | Bahrain | $5,435,000 | +258.5% |
| 49. | Denmark | $4,929,000 | +10.4% |
| 50. | Ghana | $3,791,000 | +149.9% |
| 51. | Guinea | $3,392,000 | -77.7% |
| 52. | Congo | $3,380,000 | +56233% |
| 53. | Ireland | $3,134,000 | +19.2% |
| 54. | Portugal | $2,175,000 | +78.4% |
| 55. | Czech Republic | $2,167,000 | -2.1% |
| 56. | Sweden | $1,844,000 | -21.9% |
| 57. | Indonesia | $1,510,000 | +102.7% |
| 58. | Panama | $1,324,000 | +149.3% |
| 59. | Greece | $1,262,000 | +25.8% |
| 60. | Curaçao | $1,049,000 | 0% |
| 61. | Macao | $989,000 | +30% |
| 62. | Hungary | $720,000 | +1080% |
| 63. | Bulgaria | $624,000 | +48.2% |
| 64. | Ivory Coast | $622,000 | -10.5% |
| 65. | Poland | $461,000 | +108.6% |
| 66. | Norway | $448,000 | +52.4% |
| 67. | New Zealand | $387,000 | +1234.5% |
| 68. | Ukraine | $354,000 | -42.2% |
| 69. | Cameroon | $332,000 | +388.2% |
| 70. | Latvia | $276,000 | +32.1% |
| 71. | Lithuania | $232,000 | +54.7% |
| 72. | Croatia | $210,000 | +16% |
| 73. | Belize | $192,000 | +611.1% |
| 74. | Barbados | $168,000 | +1580% |
| 75. | Luxembourg | $162,000 | +5300% |
| 76. | Slovakia | $154,000 | +69.2% |
| 77. | Cayman Islands | $149,000 | 0% |
| 78. | Malta | $141,000 | +1467% |
| 79. | Uruguay | $135,000 | 0% |
| 80. | Cyprus | $132,000 | +288.2% |
| 81. | Finland | $116,000 | -26.6% |
| 82. | Nepal | $113,000 | 0% |
| 83. | Kuwait | $101,000 | 0% |
| 84. | Serbia | $100,000 | +2400% |
| 85. | Iran | $94,000 | 0% |
| 86. | Bermuda | $74,000 | +184.6% |
| 87. | Pakistan | $73,000 | +2333% |
| 88. | Venezuela | $70,000 | +20.7% |
| 89. | Andorra | $70,000 | -73.4% |
| 90. | Antigua/Barbuda | $67,000 | 0% |
| 91. | Dominican Republic | $60,000 | -23.1% |
| 92. | Bhutan | $48,000 | 0% |
| 93. | Honduras | $43,000 | 0% |
| 94. | Guam | $33,000 | -86.7% |
| 95. | Iceland | $21,000 | 0% |
| 96. | Bangladesh | $19,000 | +533.3% |
| 97. | Oman | $19,000 | 0% |
| 98. | Estonia | $15,000 | -72.7% |
| 99. | Tunisia | $13,000 | 0% |
| 100. | Slovenia | $6,000 | +500% |
Enlarging the scope to the 100 biggest suppliers, the fastest-growing diamond exporters were Congo (up 56,233% from 2021), British Virgin Islands (up 40,095%), Laos (up 5,453%), Luxembourg (up 5,300%), Serbia (up 2,400%), Pakistan (up 2,333%) and Barbados (up 1,580%).
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 2021 to 2022. An entry of 0% in that column means that no 2021 data was available.
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 2018 (p10) . Accessed on Auguat 4, 2023
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on Auguat 4, 2023
International Trade Centre, Trade Map. Accessed on Auguat 4, 2023
Investopedia, Net Exports Definition. Accessed on Auguat 4, 2023
Wikipedia, Diamond Mining Companies. Accessed on Auguat 4, 2023
Zepol’s company summary highlights by HTS code. Accessed on Auguat 4, 2023
