What this market covers
Natural non-industrial diamonds that are unworked or simply sawn, cleaved or bruted.
Typical segments
- Gem quality rough
- Near gem rough
- Sawable rough
- Makeable rough
Why this market is moving now
- World trade shrank 30% from 2019 to 2024, a direct read on cross-border demand.
- Angola is gaining ground: its exports rose 26% from 2019 to 2024, the fastest among the ten largest exporters.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of rough diamond (HS 710231) were worth $23.09 billion in 2024. | 23.09 USD billion | 2024 | |
| World exports were 30% lower in 2024 than in 2019 ($32.99 billion), calculated from the annual totals. | -30 % since 2019 | 2024 | |
| The United Arab Emirates was the largest exporter in 2024, with 25% of world exports ($5.86 billion). | 25 % of world exports | 2024 | |
| The three largest exporters, the United Arab Emirates, Belgium and Botswana, shipped 49% of world exports in 2024. | 49 % of world exports | 2024 | |
| India was the largest importer in 2024, buying $12.07 billion, or 52% of world imports. | 52 % of world imports | 2024 | |
| 40 countries exported more than $1 million of this product in 2024. | 40 countries | 2024 | |
| Countries exported 38 tonnes of this product in 2024. | 38 tonnes | 2024 | |
| Among the ten largest exporters, Angola grew fastest, with exports up 26% from 2019 to 2024. | +26 % since 2019 | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Diamond cutters
- Trading houses
- Jewellery makers
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global rough diamond market?
There is no single official market total. World exports of HS 710231 reached $23.09 billion in 2024, a direct measure of cross-border trade.
Which countries export the most rough diamond?
The United Arab Emirates led world exports in 2024 with 25% of the total, followed by Belgium, Botswana and Angola.
Which countries import the most rough diamond?
India was the largest importer in 2024, followed by the United Arab Emirates, Belgium and Hong Kong.
Is world trade in rough diamond growing?
World exports were 30% lower in 2024 than in 2019.
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