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Report Azerbaijan - Diamonds and Other Precious Stones (Unworked) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update May 1, 2025

Azerbaijan - Diamonds and Other Precious Stones (Unworked) - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Diamond Market 2025

Diamond Market Size in Azerbaijan

The Azerbaijani diamond market shrank sharply to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a mild reduction. Diamond consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Diamond Production in Azerbaijan

In value terms, diamond production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Diamond Exports

Exports from Azerbaijan

Diamond exports from Azerbaijan stood at less than X kg in 2018, stabilizing at the year before. Over the period under review, exports showed a sharp setback. The smallest decline of X% was in 2014. The exports peaked at X kg in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

In value terms, diamond exports totaled $X in 2018. In general, exports faced a significant decrease. The smallest decline of X% was in 2014. The exports peaked at $X in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for diamond exports from Azerbaijan, with a approx. X% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest.

In value terms, the Czech Republic ($X) emerged as the key foreign market for diamonds and other precious stones (unworked) exports from Azerbaijan.

From 2012 to 2014, the average annual growth rate of value to the Czech Republic was relatively modest.

Export Prices by Country

The average diamond export price stood at $X per ton in 2014, shrinking by X% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then fell markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2014, the rate of growth in terms of prices for India amounted to X% per year.

Diamond Imports

Imports into Azerbaijan

In 2022, after two years of decline, there was significant decline in overseas purchases of diamonds and other precious stones (unworked), when their volume decreased by X% to X kg. In general, imports showed a precipitous curtailment. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, diamond imports surged to $X in 2022. Overall, imports, however, showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X kg), the United Arab Emirates (X kg) and Turkey (X kg) were the main suppliers of diamond imports to Azerbaijan. Moreover, diamond imports in China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates, twofold.

From 2016 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), Turkey ($X) and China ($X) constituted the largest diamond suppliers to Azerbaijan, together accounting for X% of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average diamond import price amounted to $X per kg, rising by X% against the previous year. In general, the import price saw significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

India constituted the country with the largest volume of diamond consumption, accounting for 61% of total volume. Moreover, diamond consumption in India exceeded the figures recorded by the second-largest consumer, China, sixfold. The third position in this ranking was occupied by Botswana, with a 6.5% share.
The countries with the highest volumes of in 2021 were India, the United Arab Emirates and Botswana, together accounting for 61% of global production.
In value terms, Turkey constituted the largest supplier of diamond to Azerbaijan, comprising 92% of total imports. The second position in the ranking was occupied by Italy, with a 7.6% share of total imports.
In 2021, the average diamond import price amounted to $10,659 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the diamond market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 08992100 - Precious and semi-precious stones (excluding industrial diamonds), unworked or simply sawn or roughly shaped

Country coverage:

  • Azerbaijan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Azerbaijan
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Products: Market Size and Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports and Growth, By Type
    13. Products: Export Prices and Growth, By Type
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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Free Data: Diamonds And Other Precious Stones (Unworked) - Azerbaijan
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Diamonds And Other Precious Stones (Unworked) - Azerbaijan - Table
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Diamonds And Other Precious Stones (Unworked) - Azerbaijan - Dashboard
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Diamonds And Other Precious Stones (Unworked) - Azerbaijan - Report