Slovakia: Diamond Market 2025

Diamond Market Size in Slovakia

In 2022, the Slovak diamond market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Diamond Production in Slovakia

In value terms, diamond production fell modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Diamond Exports

Exports from Slovakia

In 2022, approx. X kg of diamonds and other precious stones (unworked) were exported from Slovakia; falling by X% on 2021 figures. Over the period under review, exports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached 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 reduced markedly to $X in 2022. Overall, exports showed a significant decrease. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X kg), Germany (X kg) and the Czech Republic (X kg) were the main destinations of diamond exports from Slovakia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Poland ($X) emerged as the key foreign market for diamonds and other precious stones (unworked) exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland amounted to X%. Exports to the other major destinations 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 average diamond export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Diamond Imports

Imports into Slovakia

Diamond imports into Slovakia skyrocketed to X tons in 2022, with an increase of X% against the year before. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, diamond imports soared to $X in 2022. Overall, imports, however, recorded a deep slump. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of diamond to Slovakia, accounting for a X% share of total imports. Moreover, diamond imports from Morocco exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold. The third position in this ranking was held by Brazil (X kg), with a X% share.

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

In value terms, the largest diamond suppliers to Slovakia were Brazil ($X), Morocco ($X) and China ($X), with a combined X% share of total imports. South Africa, Thailand, Israel, the UK, the United States and Germany lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the UK, 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

The average diamond import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a dramatic descent. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X,061 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 Thailand ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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