Worldwide buys of imported diamond totaled US$117.3 billion out of 2017.
In general, the estimation of diamond imports for all importing nations fell by a normal – 15.8% since 2013 when diamond buys were esteemed at $139.3 billion. Year over year, imported diamond devalued by a humble – 1.7% from 2016 to 2017.
Asian nations represented the most astounding dollar worth of imported diamond amid 2017 with buys esteemed at $70.5 billion or 60.1% of the worldwide aggregate. In the second spot were North American merchants at 20.2% while 17.6% of overall jewel imports were conveyed to European nations.
Littler rates were conveyed to Africa (1.5%), Oceania (0.4%) and Latin America barring Mexico yet including the Caribbean (0.1%).
The 4-digit synchronized Tariff System code prefix is 7102 for non-mounted and unsets diamonds.
Four importers were the quickest developing markets for diamonds since 2013 explicitly Thailand (up 40.7%), Italy (up 20.5%), China (up 12%) and Hong Kong (up 2.4%).
Those nations that posted decreases in their imported precious stone buys were driven by United Kingdom (down – 63.3%), Botswana (down – 45.4%), United Arab Emirates (down – 42.2%) and Belgium (down – 34.5%).
The following are the 10 countries that imported the most elevated dollar esteem worth of precious stones amid 2017:
| Rank | Importer | 2017 Diamond Imports | % World Total |
|---|---|---|---|
| 1. | United States | US$23.2 billion | 19.8% |
| 2. | India | $21.9 billion | 18.7% |
| 3. | Hong Kong | $20.6 billion | 17.5% |
| 4. | Belgium | $13.7 billion | 11.7% |
| 5. | United Arab Emirates | $8.4 billion | 7.1% |
| 6. | China | $7.9 billion | 6.7% |
| 7. | Israel | $6.7 billion | 5.7% |
| 8. | Switzerland | $2.5 billion | 2.1% |
| 9. | United Kingdom | $2.4 billion | 2.1% |
| 10. | Thailand | $1.9 billion | 1.6% |