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Top 10 Diamond Importing Countries

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Top 10 Diamond Importing Countries
Top 10 Diamond Importing Countries
Top 10 Diamond Importing Countries

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:

RankImporter2017 Diamond Imports% World Total
1.United StatesUS$23.2 billion19.8%
2.India$21.9 billion18.7%
3.Hong Kong$20.6 billion17.5%
4.Belgium$13.7 billion11.7%
5.United Arab Emirates$8.4 billion7.1%
6.China$7.9 billion6.7%
7.Israel$6.7 billion5.7%
8.Switzerland$2.5 billion2.1%
9.United Kingdom$2.4 billion2.1%
10.Thailand$1.9 billion1.6%

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