EU: Diamond Market 2024

Diamond Market Size in the EU

In 2022, the EU diamond market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, showed a slight descent. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Diamond Production in the EU

In value terms, diamond production fell to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Diamond Exports

Exports in the EU

For the third year in a row, the European Union recorded growth in overseas shipments of diamonds and other precious stones (unworked), which increased by X% to X tons in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, diamond exports contracted to $X in 2022. In general, exports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany represented the largest exporter of diamonds and other precious stones (unworked) in the European Union, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by the Czech Republic (X tons), Belgium (X tons), Austria (X tons) and France (X tons), together achieving a X% share of total exports. Spain (X tons) and the Netherlands (X tons) took a minor share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of diamonds and other precious stones (unworked). At the same time, the Czech Republic (X%), Austria (X%), the Netherlands (X%) and Belgium (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, France (X%) and Spain (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.), Austria (X p.p.), Belgium (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while France, Germany and Spain saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest diamond supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the Czech Republic, with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per kg in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per kg in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per kg), while Germany ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced mixed trends in the export price figures.

Diamond Imports

Imports in the EU

In 2022, imports of diamonds and other precious stones (unworked) in the European Union skyrocketed to X tons, increasing by X% against 2021. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, diamond imports stood at $X in 2022. In general, imports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany was the major importing country with an import of around X tons, which accounted for X% of total imports. The Czech Republic (X tons) ranks second in terms of the total imports with a X% share, followed by Spain (X%), Poland (X%), Italy (X%), France (X%) and the Netherlands (X%).

From 2012 to 2022, average annual rates of growth with regard to diamond imports into Germany stood at X%. At the same time, Poland (X%), the Czech Republic (X%), the Netherlands (X%), Spain (X%) and France (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.), Poland (X p.p.), the Netherlands (X p.p.), Spain (X p.p.) and France (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (X p.p.) and Germany (X p.p.) displayed negative dynamics.

In value terms, Italy ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Spain, Poland, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per kg in 2022, falling by X% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per kg in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per kg), while the Czech Republic ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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