In 2021, the top exporters of Diamonds were India ($26.3B), Belgium ($13.9B), United Arab Emirates ($13.6B), United States ($12.1B), and Israel ($9.06B). In 2021, the top importers of Diamonds were India ($26B), United States ($18.2B), Hong Kong ($14.6B), Belgium ($13.7B), and United Arab Emirates ($13.6B).
India is spearheading the growth in lab-grown diamonds (LGDs), globally, with a clutch of companies. India is home to 90 percent of the world's diamond cutting and polishing units, making it the largest exporter of diamonds.
The fastest growing export markets for Diamonds of India between 2020 and 2021 were United States ($4.19B), Hong Kong ($1.82B), and Belgium ($1.11B). Imports In 2021, India imported $26B in Diamonds, becoming the 1st largest importer of Diamonds in the world.
Surat Diamond Bourse (SDB) is a diamond trade center located in Surat, India. It is the world's largest diamond trading hub with a floor space of 660,000 square metres (7,100,000 sq ft), the building is the world's largest office building ahead of The Pentagon.
The top three companies – Alrosa from Russia, De Beers from Luxembourg, and British-Australian Rio Tinto – account for more than 60 percent of global diamond mine production. Mined diamonds are mostly processed in and sold via the major global diamond centers: Antwerp, Dubai, New York, Hong Kong, Mumbai, and Tel-Aviv.
As the world's largest retailer of diamond jewelry, Signet Jewelers is positioned like no other to inspire love the world over.
Russia. Russia is said to have the world's largest and richest diamond reserves. By volume, they are the greatest producer and exporter of rough diamonds in the world.
The continent of Africa is home to some of the top diamond producing nations with most of the world's gem-quality diamonds mined there since the 1870s.
Antwerp is the undisputed diamond capital of the world. With 84% of the world's rough diamonds and 50% of cut diamonds passing through, the city attracts international traders seeking the highest quality diamonds.
Diamond jewellery symbolizes purity, strength and eternal love. 2) Men often buy diamonds for women as a symbol of love and devotion. They are a symbol of beauty, wealth and power. Diamonds are a gift that says, 'I love you.
De Beers or the birth of a diamond monopoly
In 1888, Cecil Rhodes, a British businessman and mining enthusiast, founded De Beers Consolidated Mines Limited.
Surat, India, known as "Diamond City"
Russia is home to half of the world's biggest diamond mines while Botswana houses two. Mining-technology.com profiles the top ten biggest mines based on diamond reserves and excluding alluvial diamond mining projects. Aikhal diamond mine is located in Sakha region of Russia. Image courtesy of ALROSA.
All over the world, India is deemed to be the region where diamonds are found at cheaper rates. This certainly has many other reasons as well. Ring Designs are made of diamonds which might be absolutely crystal clear ones.
Since there are few overheads and low staff costs, the prices are much lower than what you will find at physical stores. Note that there are other costs involved when buying diamonds in Dubai. While as a tourist, you may not be liable to paying tax and this may create the illusion that the diamond prices are cheap.
The U.S. imports most of its diamonds (87% in 2013) from just three countries: Belgium, Israel, and India. These three countries are major hubs for polishing and refining diamonds. Even though they are major diamond refining hubs, Belgium and Israel don't mine diamonds.
Surat in Gujarat state is known as the world's diamond capital, where 90 per cent of the precious stones are cut. It will now house the world's largest office building, the Surat Diamond Bourse, dedicated to the gemstone industry.
Russia. Home to arguably the richest and largest diamond resources in the world, Russia tops the list with more than 12 open-pit mines. With mining starting in 1947, Russia now tops the world's diamond production hierarchy. It is also the world's largest exporter of rough diamonds by volume.
Asia. Russia, China and India are among the largest diamond producers in the world. Discover their main deposits.
According to the Observatory of Economic Complexity, in 2019, Europe's top 3 jewerly exporters were Switzerland ($10.9 billion), France ($7.7 billion), and Italy ($7.3 billion), while the top 3 importers were Switzerland ($16.6 billion), United Kingdom ($5.64 billion), and France ($5.6 billion).