France: Diamond Market 2024

Diamond Market Size in France

The French diamond market reached $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a prominent expansion. Diamond consumption peaked in 2022 and is likely to continue growth in the immediate term.

Diamond Exports

Exports from France

In 2022, shipments abroad of diamonds and other precious stones (unworked) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, recorded a pronounced reduction. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, diamond exports soared to $X in 2022. In general, exports posted a notable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main destinations of diamond exports from France, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and the UK ($X) appeared to be the largest markets for diamond exported from France worldwide, with a combined X% share of total exports. Switzerland, Hong Kong SAR, Japan, the United States, the Czech Republic, Turkey, Slovakia, Ireland, Bulgaria and China lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Slovakia, with a CAGR of X.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average diamond export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price, however, recorded prominent growth. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diamond Imports

Imports into France

In 2022, supplies from abroad of diamonds and other precious stones (unworked) increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated buoyant 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. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, diamond imports skyrocketed to $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value 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 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of diamond to France, with a X% share of total imports. Moreover, diamond imports from Belgium exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), threefold. The third position in this ranking was taken by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (X% per year) and Brazil (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of diamonds and other precious stones (unworked) to France, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average diamond import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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