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, continues to indicate a mild descent. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Diamond Production in the EU

In value terms, diamond production contracted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Diamond Exports

Exports in the EU

In 2022, the amount of diamonds and other precious stones (unworked) exported in the European Union surged to X tons, rising by X% against 2021 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, diamond exports reduced to $X in 2022. In general, exports, however, continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X tons) represented the major exporter of diamonds and other precious stones (unworked), mixing up X% of total exports. The Czech Republic (X tons) took the second position in the ranking, followed by Belgium (X tons), Austria (X tons) and France (X tons). All these countries together held approx. X% share of total exports. Spain (X tons) and the Netherlands (X tons) held a relatively small 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. From 2012 to 2022, the share of the Czech Republic, Austria, Belgium and the Netherlands increased by X, X, X and X percentage points, respectively.

In value terms, Belgium ($X) remains the largest diamond supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($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 amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per kg, dropping by X% against the previous year. Over the period under review, the export price recorded a noticeable setback. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per kg in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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, approx. X tons of diamonds and other precious stones (unworked) were imported in the European Union; jumping by X% against the previous year's figure. Total imports indicated a notable increase 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 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, diamond imports rose remarkably to $X in 2022. Overall, imports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany represented the largest importer of diamonds and other precious stones (unworked) in the European Union, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by the Czech Republic (X tons), Spain (X tons), Poland (X tons), Italy (X tons), France (X tons) and the Netherlands (X tons), together comprising a X% share of total imports.

Imports into Germany decreased at an average annual rate of X% from 2012 to 2022. 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. The Czech Republic (X p.p.), Poland (X p.p.), the Netherlands (X p.p.), Spain (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the total imports, while Italy and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest diamond importing markets in the European Union were Italy ($X), Germany ($X) and France ($X), 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%, saw the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per kg, shrinking by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of import peaked at $X per kg in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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

Frequently Asked Questions (FAQ) :