Diamonds: industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set

In 2024, diamonds: industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set trade exhibited significant decline, with global flows reaching $132,164,489 and a three-year compound annual growth rate of -4.7% (five-year: +7.4%). The all-time peak of $631,072,661 was recorded in 2013; the current level is 79% below that high-water mark.

Over the 30-year observation window (1995–2024), 41% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is strengthening (+5.0% acceleration).

The World Trade Flows Characterization classifies diamonds: industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set as "Two-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.140). The three largest exporters — Belgium ($45.3M), Central African Republic ($19.9M), and United States ($18.6M) — collectively dominate supply flows. The leading exporter has grown at +3.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.121). The three largest import markets are France ($35.5M), Hong Kong ($19.6M), and Indonesia ($15.9M). The largest importing market sources from 14 different supplying countries.

Estimated substitution elasticity: -19.08. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Belgium → France at $35.0M, representing 98.4% of the importer's total demand.

The volatility score for diamonds: industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set is 18 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.