It is one of the most expensive gemstones at a global rate and due to its shiny and glittery surface, it is used in jewelry like engagement rings and other expensive gifts. The tight bonding of the carbon atoms in a crystal lattice structure makes this highly sought gemstone durable and indestructible.

Nowadays diamonds are created in two ways to match their rapidly growing demands, the ones that are formed with advanced technology or via the replication of natural procedures are termed synthetic diamonds whereas the ones that the mining industries extract using their affectivities are termed natural or mined diamonds. With an increased global demand for diamonds across the globe its consumption rate has attained a value of 180 billion US dollars in 2023 that lead to increased import and export trade rate of 113 billion US dollars and 132 billion US dollars. The reasons behind its higher expenses in the global market are mainly the huge workforce required in its mining and manufacturing both naturally and artificially.

Top Importers of Diamond 2023

The tremendous hike in the global demand for diamonds is leading to a higher import trade rate of this highly sought commodity in almost all corners of the world. Due to its thriving global market most of the global import trade business holders are investing in this sector for both their domestic and international needs. As per the Global Diamond Import Trade Data, the global top importers of diamonds with trade values of 2023 are discussed below,

• United States – According to USA Customs Data, the import trade value of diamonds in 2023 is 30 billion US dollars.

• China - According to China Customs Data, the import trade value of diamonds in 2023 is 27 billion US dollars.

• India - According to India Customs Data, the import trade value of diamonds in 2023 is 15 billion US dollars.

• Hong Kong - According to Hong Kong Customs Data, the import trade value of diamonds in 2023 is 11 billion US dollars.

• Belgium - According to Belgium Customs Data, the import trade value of diamonds in 2023 is 8 billion US dollars.

• Israel - According to Israel Customs Data, the import trade value of diamonds in 2023 is 6 billion US dollars.

• United Arab Emirates - According to United Arab Emirates Customs Data, the import trade value of diamonds in 2023 is 5 billion US dollars.

• Switzerland - According to Switzerland Customs Data, the import trade value of diamonds in 2023 is 4 billion US dollars.

• Thailand - According to Thailand Customs Data, the import trade value of diamonds in 2023 is 30 billion US dollars.

• United Kingdom - According to United Kingdom Customs Data, the import trade value of diamonds in 2023 is 2 billion US dollars.

Top Exporters of Diamond 2023

Along with the rapidly increasing global trade rate of diamonds in the global market, the top global business holders are also evolving their mining industries for higher production of this valuable commodity. Due to the thriving revolution of the mining sectors majority of the countries across the globe have recorded their names as top exporters of diamonds says the Global Diamond Export Trade Data. The top exporters across the globe with trade values of 2023 are discussed below,

• Russia – As per the Russia Export Data, the export trade value of diamonds in 2023 is 16.6 billion US dollars.

• Botswana - As per the Botswana Export Data, the export trade value of diamonds in 2023 is 10 billion US dollars.

• Canada - As per the Canada Export Data, the export trade value of diamonds in 2023 is 8 billion US dollars.

• South Africa - As per the South Africa Export Data, the export trade value of diamonds in 2023 is 7 billion US dollars.

• Angola - As per the Angola Export Data, the export trade value of diamonds in 2023 is 5 billion US dollars.

• Namibia - As per the Namibia Export Data, the export trade value of diamonds in 2023 is 4.5 billion US dollars.

• Australia - As per the Australia Export Data, the export trade value of diamonds in 2023 is 4 billion US dollars.

• Zimbabwe - As per the Zimbabwe Export Data, the export trade value of diamonds in 2023 is 3 billion US dollars.

• Lesotho - As per the Lesotho Export Data, the export trade value of diamonds in 2023 is 2 billion US dollars.

• Sierra Leone - As per the Sierra Leone Export Data, the export trade value of diamonds in 2023 is 1 billion US dollars.

Top 10 Leading Producers of Diamond 2023

The producing companies of these luxurious elements control the overall global import and export trade rate of the product. As per the Global Diamond Trade Data, the top leading producers of diamonds with trade values of 2023 are discussed below,

• ALROSA – Based in – Russia – total trade value of 2023 – 12 billion US dollars.

• De Beers Group – Based in – South Africa – total trade value of 2023 – 9 billion US dollars.

• Rio Tinto Diamonds – Based in – Australia – total trade value of 2023 – 6 billion US dollars.

• Petra Diamonds – Based in – London – total trade value of 2023 – 5 billion US dollars.

• Dominion Diamond Mines – Based in - Canada – total trade value of 2023 – 4 billion US dollars.

• Lucara Diamond Corp – Based in – Canada – total trade value of 2023 – 3.5 billion US dollars.

• ALROSA– Nyurba – Based in – Russia – total trade value of 2023 – 2.5 billion US dollars.

• Gem Diamonds – Based in – London – total trade value of 2023 – 2 billion US dollars.

• Fire Stone Diamonds – Based in – Lesotho – total trade value of 2023 – 1.5 billion US dollars.

• Mountain Province Diamonds – Based in - Canada – total trade value of 2023 – 1.2 billion US dollars.

FAQ’s

Que. What is the global consumption rate of diamonds in 2023?
Ans. The global consumption rate of diamonds in 2023 is 180 billion US dollars.

Que. Who is the top exporter of diamonds?
Ans. Russia is the top exporter of diamonds.

Que. What information can you get on Import Globals Diamond Import and Export Data?
Ans. You can get the import and export trade details along with the top producing companies of diamonds in 2023 in Import Globals Diamond Import and Export Data.

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