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27-05-2025
Diamonds have long been prized for their beauty and value, making them one of the most important commodities in global luxury trade. From mining to polishing and distribution, diamond exports fuel several national economies and form a complex network of global trade. This article explores the current landscape of diamond exports, highlighting major exporters, regulatory frameworks, key markets, and the challenges shaping the industry. Tendata will show you global diamond buyers in 2025 Q1 based on the latest data.
1. Global Market Overview
The diamond trade is typically divided into two segments: rough diamonds (mined, unprocessed stones) and polished diamonds (cut and prepared for retail). Each follows different trade flows and pricing dynamics.
The global diamond industry was valued at over $100 billion, with rough stones comprising about 30% of that value.
Leading export nations include Russia, Botswana, Canada, and the Democratic Republic of Congo for rough diamonds, and India, Belgium, and the UAE for polished and re-exported stones.
2. Leading Exporting Countries
● India
India is the world's largest exporter of diamonds by value, with exports totaling $18.2 billion in 2023, accounting for 18.4% of global diamond exports . Surat, a city in Gujarat, processes around 80% of the world's diamonds, exporting primarily to the U.S., UAE, Hong Kong, and Europe. However, the industry faces challenges due to increasing consumer preference for lab-grown diamonds and recent U.S. tariffs, which have impacted profits and raised concerns about future export revenues .
● United States
The U.S. ranks second in diamond exports, with a total value of $16.8 billion in 2023, representing 17% of global exports . The country is a significant consumer market for polished diamonds, driven by demand for engagement rings and luxury jewelry.
● United Arab Emirates
Dubai has emerged as a major re-export hub for diamonds, with exports valued at $10.3 billion in 2023, accounting for 10.4% of global exports . The UAE's favorable trade policies and proximity to African suppliers have contributed to its growth as a diamond trading center.
● Belgium
Antwerp continues to serve as a central trading hub for both rough and polished diamonds, with exports totaling $9.7 billion in 2023, representing 9.8% of global exports . Its role as a global distribution point gives it strategic importance, despite increased competition from emerging centers like Dubai.
● Russia
Russia, through state-owned Alrosa, remains a dominant source of rough diamonds. However, its exports have declined by 12% in 2023, totaling 32.42 million carats, with an average price of $113.8 per carat. The decline is attributed to geopolitical tensions and sanctions affecting its trade footprint.
>>>> Find global diamond buyers <<<<
According to Tendata, global diamond buyers in 2025 Q1:
1.SHREE RAMKRISHNA EXPORTS PVT LTD - 5.29%
2.KIRAN GEMS PRIVATE LIMITED - 3.68%
3.LAXMI DIAMOND PRIVATE LIMITED - 2.92%
4.DHARMANANDAN DIAMONDS PVT LTD - 2.30%
5.HARI KRISHNA EXPORTS PVT LTD - 2.16%
6.WORLDWIDE DIAMOND SORTING PRIVATE LIMITED - 1.70%
7.VISHINDAS HOLARAM - 1.51%
8.SHIVAM JEWELS - 1.47%
9.FINESTAR JEWELLERY AND DIAMONDS PVT LTD - 1.20%
10.M SURESH COMPANY PRIVATE LIMITED - 1.15%
>>>> Find global diamond buyers <<<<
Trade Data: Tendata has accumulated 10 billion+ trade transaction details from 228+ countries and regions, supporting one-click query of major import and export countries, customer distribution, product volume and price, etc., which helps import and export enterprises to accurately understand the global market and the trade environment of the target market.
Business Data: Tendata has a total of 500 million+ in-depth enterprise data, involving 198 countries and 230+ industry segments, covering the current operation status, financial information, product information, business relationships, intellectual property rights, etc. The data is fine, which makes it easy to assess the real strength of the target customers in depth, and expand the potential customer base.
Internet Data: Tendata's total of 850 million+ contact data, integrating social media, emails and other multi-channel contacts, helps to reach key contacts of enterprises with one click and improve the efficiency of customer development, as well as news and public opinion monitoring, which helps to grasp the Internet information in a timely manner.
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