Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set

In 2024, diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set trade exhibited significant decline, with global flows reaching $24,067,373,603 and a three-year compound annual growth rate of -17.0% (five-year: -6.1%). The all-time peak of $58,086,454,278 was recorded in 2011; the current level is 59% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-9.9% acceleration).

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

The supply side is diversified (Herfindahl-Hirschman Index 0.144). The three largest exporters — United Arab Emirates ($7.7B), Botswana ($2.9B), and Russia ($2.7B) — collectively dominate supply flows. The leading exporter has grown at -13.1% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.282). The three largest import markets are India ($11.1B), United Arab Emirates ($5.2B), and Belgium ($2.9B). The largest importing market sources from 32 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 United Arab Emirates → India at $6.1B, representing 54.4% of the importer's total demand.

The volatility score for diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set is 24 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.