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Diamond Imports by Country

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Global purchases of imported diamonds cost a total US$79.7 billion in 2024.

Overall, the value of diamonds bought by all importing countries rose by an average 5.7% since five years earlier in 2020 when diamond purchases totaled $75.4 billion.

Year over year, the dollar sum paid for imported diamonds dropped by -26.5% compared to the $108.5 billion starting from 2023.

Collectively, the top 5 buyers of imported diamonds are India, United States of America, Hong Kong, United Arab Emirates then Belgium. Added together, that cohort of major diamond imports purchased over three-quarters (76.3%) of internationally sold diamonds in 2024.

From a continental perspective, Asian countries spent the most on imported diamonds during 2024 with purchases amounting to $50.6 billion or 63.4% of the global total. In second place were importers located in North America at 19.6% while another 14% of worldwide diamond imports went to European countries.

Smaller percentages went to buyers in Africa (2.6%), Oceania (0.3%) led by Australia and New Zealand, and Latin America (0.1%) excluding Mexico but including the Caribbean.

For research purposes, the 4-digit Harmonized Tariff System code prefix is 7102 for non-mounted and unset diamonds.

Below are the 15 countries that imported the highest dollar value worth of diamonds during 2024.

India: US$17.7 billion (22.2% of total imported diamonds)
United States: $15.4 billion (19.3%)
Hong Kong: $12.1 billion (15.1%)
United Arab Emirates: $9.6 billion (12%)
Belgium: $6.1 billion (7.7%)
mainland China: $4 billion (5%)
Israel: $3.1 billion (3.8%)
Switzerland: $1.7 billion (2.2%)
Thailand: $1.5 billion (1.9%)
Botswana: $1.3 billion (1.6%)
United Kingdom: $1.1 billion (1.3%)
France: $970 million (1.2%)
Italy: $745 million (0.9%)
Japan: $600.4 million (0.8%)
South Africa: $563.6 million (0.7%)

By value, the listed 15 countries purchased 95.7% of all diamonds imported in 2024.

Among the above countries, the growth markets for diamonds since 2023 were Botswana (up 36.7%) and the United Kingdom (up 5.9%).

Those countries that posted declines in their imported diamonds purchases were led by: United Arab Emirates (down -49.3% from 2023), mainland China (down -33.9%), Belgium (down -33.1%) and Israel (down -25.7%).

The top 100 importers of diamonds listed in the following database contributed 99.999% of the overall value of diamonds imported during 2024.

RankImporterDiamond Imports2023-4

1.	India	$17,693,778,000	-19.5%
2.	United States	$15,362,218,000	-19.1%
3.	Hong Kong	$12,065,157,000	-22.4%
4.	United Arab Emirates	$9,580,747,000	-49.3%
5.	Belgium	$6,112,332,000	-33.1%
6.	mainland China	$3,950,403,000	-33.9%
7.	Israel	$3,068,227,000	-25.7%
8.	Switzerland	$1,726,553,000	-16.6%
9.	Thailand	$1,538,890,000	-13.1%
10.	Botswana	$1,296,508,000	+36.7%
11.	United Kingdom	$1,052,417,000	+5.9%
12.	France	$970,034,000	-24.5%
13.	Italy	$744,959,000	-19.1%
14.	Japan	$600,358,000	-16.3%
15.	South Africa	$563,590,000	-2.6%
16.	Armenia	$500,875,000	-10.7%
17.	Singapore	$322,971,000	-44.1%
18.	Vietnam	$284,443,000	+1.4%
19.	Canada	$208,947,000	-24.7%
20.	Australia	$199,604,000	-48.4%
21.	Sri Lanka	$191,192,000	-22.5%
22.	Namibia	$176,936,000	+58.4%
23.	Türkiye	$176,722,000	+18.1%
24.	Germany	$140,248,000	-23.5%
25.	Russia	$138,672,000	-47%
26.	Mexico	$87,055,000	-31%
27.	Netherlands	$86,372,000	+93.1%
28.	South Korea	$85,699,000	-6.7%
29.	Qatar	$73,462,000	+27832%
30.	Indonesia	$70,852,000	-21.2%
31.	Macao	$62,696,000	+545.8%
32.	Cambodia	$58,573,000	-60.4%
33.	Taiwan	$57,402,000	-14.9%
34.	Malaysia	$55,225,000	-19.1%
35.	Spain	$43,558,000	-26.1%
36.	Saudi Arabia	$29,123,000	+48.2%
37.	Nepal	$28,890,000	+19.8%
38.	Brazil	$27,512,000	+45.5%
39.	Curaçao	$27,105,000	-32.4%
40.	Oman	$24,374,000	+0.7%
41.	Lebanon	$22,507,000	-93.6%
42.	Laos	$16,764,000	-2%
43.	Mauritius	$16,320,000	-78.5%
44.	Bahrain	$15,554,000	-20.9%
45.	New Zealand	$15,130,000	-35.2%
46.	Czech Republic	$14,605,000	-14.7%
47.	Cyprus	$13,510,000	+19.6%
48.	Poland	$13,165,000	-8.1%
49.	Austria	$12,496,000	-46.6%
50.	Denmark	$12,362,000	-0.7%
51.	Ireland	$10,853,000	-23.8%
52.	Greece	$8,905,000	+7.1%
53.	Sweden	$8,106,000	-4.3%
54.	Norway	$6,845,000	-1.7%
55.	Finland	$5,107,000	-6.4%
56.	Costa Rica	$4,252,000	+482.5%
57.	Morocco	$3,125,000	-46.2%
58.	Cayman Islands	$3,096,000	+3459%
59.	Jordan	$2,906,000	-23.5%
60.	Tunisia	$2,840,000	-5.7%
61.	Peru	$2,697,000	+30.5%
62.	Romania	$2,643,000	+31.6%
63.	Kazakhstan	$2,278,000	-9.7%
64.	Ukraine	$2,200,000	+47.5%
65.	Bahamas	$2,091,000	+52175%
66.	Panama	$1,735,000	-19.4%
67.	Slovenia	$1,609,000	-11.4%
68.	Croatia	$1,551,000	-30.3%
69.	Malta	$1,431,000	-26.6%
70.	Aruba	$1,403,000	+68.4%
71.	Luxembourg	$1,262,000	-4.5%
72.	British Virgin Islands	$1,249,000	-78.4%
73.	Andorra	$1,189,000	+124.3%
74.	US Minor Outlying Is	$1,159,000	-33.4%
75.	Serbia	$1,155,000	+23.3%
76.	Kuwait	$1,066,000	-83%
77.	Philippines	$962,000	-6%
78.	Portugal	$932,000	-87.6%
79.	Colombia	$858,000	+7%
80.	Dominican Republic	$781,000	-73.6%
81.	St Kitts/Nevis	$765,000	-3.3%
82.	Estonia	$672,000	+24.9%
83.	Jamaica	$661,000	+668.6%
84.	El Salvador	$654,000	-7.5%
85.	Lithuania	$620,000	+56.6%
86.	Turks/Caicos Islands	$596,000	+217%
87.	Hungary	$592,000	+39.3%
88.	Guatemala	$582,000	+67.2%
89.	Kyrgyzstan	$532,000	+350.8%
90.	Gibraltar	$482,000	+792.6%
91.	Bermuda	$474,000	+558.3%
92.	Ghana	$450,000	0%
93.	Chile	$409,000	-22.5%
94.	Belarus	$400,000	-76.2%
95.	Uzbekistan	$357,000	-56%
96.	Libya	$338,000	+2973%
97.	Bulgaria	$322,000	+2.5%
98.	Georgia	$311,000	+357.4%
99.	Belize	$306,000	+123.4%
100.	New Caledonia	$298,000	+9.2%

Focusing the scope of our analysis on the top 100 buyers, the fastest-growing importers of diamonds from international markets were: Bahamas (up 52,175% from 2023), Qatar(up 27,832%), Cayman Islands (up 3,459%), Libya (up 2,973%) and Gibraltar (up 792.6%).

You can change the presentation order by clicking the triangle icon at the top of any of the above table columns. An entry of 0% in the right-most column means that 2023 data was unavailable.

Diamond Imports into India

Below are the top 15 suppliers from which India imported the highest dollar value worth of diamonds during 2024. Within parenthesis is the percentage change in value for each supplying country from 2023 to 2024.

United Arab Emirates: US$7.9 billion (down -11.7% from 2023)
United States: $2.5 billion (down -31%)
Hong Kong: $2.3 billion (down -24.4%)
Belgium: $2.2 billion (down -29.9%)
Russia: $661.6 million (down -39.5%)
South Africa: $415.2 million (down -8.4%)
Canada: $375.2 million (up 45.2%)
Israel: $362.2 million (down -14.6%)
Botswana: $344.4 million (up 6.8%)
Thailand: $199.6 million (up 25.1%)
Switzerland: $111.5 million (down -33.7%)
Japan: $53.8 million (down -1.9%)
mainland China: $39.3 million (down -9.5%)
United Kingdom: $32.5 million (up 73.6%)
Sri Lanka: $16.9 million (down -56.4%)

By value, the listed 15 countries shipped 99.5% of diamonds imported by India in 2024.

Among the above countries, growing suppliers of diamonds to India since 2023 were: United Kingdom (up 73.6%), Canada (up 45.2%), Thailand (up 25.1%) and Botswana (up 6.8%).

Countries that experienced declines in the value of their diamonds supplied to Indian importers included: Sri Lanka (down -56.4% from 2023), Russia (down -39.5%), Switzerland (down -33.7%) and the United States of America (down -31%).

Overall, the value of India’s imported diamonds shrank by an average -19.5% from all supplying countries since 2023 when diamonds purchased cost $22 billion.

Diamond Imports into the United States

Below are the top 15 suppliers from which the United States imported the highest dollar value worth of diamonds during 2024. Within parenthesis is the percentage change in value for each supplying country from 2023 to 2024.

India: US$6.9 billion (down -10% from 2023)
Israel: $4 billion (down -27.4%)
Belgium: $1.6 billion (down -21.8%)
South Africa: $1 billion (up 0.6%)
Botswana: $412.2 million (down -17.2%)
Hong Kong: $203.6 million (down -12.5%)
Namibia: $163.7 million (up 47.6%)
Switzerland: $134.4 million (down -65.6%)
United Kingdom: $120.1 million (up 34.2%)
Angola: $102.3 million (down -27.8%)
United Arab Emirates: $98 million (down -52.3%)
Lesotho: $83.2 million (up 48.2%)
Armenia: $75.9 million (up 13.5%)
Canada: $66.1 million (down -13.2%)
Australia: $59 million (down -59.2%)

By value, the listed 15 countries shipped 98% of diamonds imported by the United States of America in 2024.

Among the above countries, the fastest-growing suppliers of diamonds to United States since 2023 were: Lesotho (up 48.2%), Namibia (up 47.6%), United Kingdom (up 34.2%) and Armenia (up 13.5%).

Countries that experienced declines in the value of their diamonds supplied to American importers included: Switzerland (down -65.6% from 2023), Australia (down -59.2%), United Arab Emirates (down -52.3%) and Angola (down -27.8%).

Overall, the value of US imported diamonds fell by an average -19.1% from all supplying countries since 2023 when diamonds purchased cost $19 billion.

Diamond Imports into Hong Kong

Below are the top 15 suppliers from which Hong Kong imported the highest dollar value worth of diamonds during 2024. Within parenthesis is the percentage change in value for each supplying country from 2023 to 2024.

India: US$3.3 billion (down -27.3% from 2023)
United States: $2 billion (down -9.2%)
United Arab Emirates: $1.4 billion (down -18.5%)
mainland China: $837.4 million (down -40.8%)
Belgium: $819 million (down -34%)
Russia: $802.7 million (up 75.2%)
Israel: $718.9 million (down -38.2%)
Switzerland: $468.6 million (down -27%)
Thailand: $437 million (down -14.7%)
Japan: $243.6 million (down -15.1%)
Singapore: $153.4 million (down -26.3%)
United Kingdom: $128.9 million (up 6.8%)
France: $121.8 million (down -27.5%)
South Africa: $105.2 million (down -41.9%)
Taiwan: $78.7 million (up 28.3%)

By value, the listed 15 countries shipped 96.7% of diamonds imported by Hong Kong in 2024.

Among the above countries, growing suppliers of diamonds to Hong Kong since 2023 were: Russia (up 75.2%), Taiwan (up 28.3%) and the United Kingdom (up 6.8%).

Countries that experienced declines in the value of their diamonds supplied to Hong Kong importers included: South Africa (down -41.9% from 2023), mainland China (down -40.8%), Israel (down -38.2%) and Belgium (down -34%).

Overall, the value of Hong Kong’s imported diamonds dropped by an average -22.4% from all supplying countries since 2023 when diamonds purchased cost $15.5 billion.

Diamond Imports into Belgium

Below are the top 15 suppliers from which Belgium imported the highest dollar value worth of diamonds during 2024. Within parenthesis is the percentage change in value for each supplying country from 2023 to 2024.

India: US$1.5 billion (down -30.8% from 2023)
Canada: $935.9 million (down -27.7%)
Botswana: $724.6 million (down -32.4%)
Angola: $553.5 million (down -6%)
South Africa: $456.8 million (up 2.5%)
Democratic Republic Congo: $316.9 million (up 542.5%)
Lesotho: $294.1 million (down -9.7%)
Israel: $260.4 million (down -25.7%)
United Arab Emirates: $230.6 million (down -81.3%)
Namibia: $105.1 million (down -17.4%)
United States: $102.8 million (down -8.1%)
Hong Kong: $88.8 million (down -47.4%)
mainland China: $55.6 million (down -73.7%)
Tanzania: $53 million (up 154.4%)
Zimbabwe: $45.9 million (down -32.8%)

By value, the listed 15 countries shipped 94.1% of diamonds imported by Belgium in 2024.

Among the above countries, the growth suppliers of diamonds to Belgium since 2023 were: Democratic Republic of the Congo (up 542.5%), Tanzania (up 154.4%) and South Africa (up 2.5%).

Countries that experienced declines in the value of their diamonds supplied to Belgian importers included: United Arab Emirates (down -81.3% from 2023), mainland China (down -73.7%), Hong Kong (down -47.4%) and Zimbabwe (down -32.8%).

Overall, the value of Belgium’s imported diamonds slowed by an average -33.1% from all supplying countries since 2023 when diamonds purchased cost $9.1 billion.

Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Imports – Commodities. Accessed on June 21, 2025

International Trade Centre, Trade Map. Accessed on June 21, 2025

Investopedia, Net Exports Definition. Accessed on June 21, 2025

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