HS Icon Diamonds (jewellery) unworked or simply sawn, cleaved

710231 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Diamonds (jewellery) unworked or simply sawn, cleaved. In 2020, Diamonds (jewellery) unworked or simply sawn, cleaved were the world's 92nd most traded product, with a total trade of $24.8B. Between 2019 and 2020 the exports of Diamonds (jewellery) unworked or simply sawn, cleaved decreased by -23.9%, from $32.6B to $24.8B. Trade in Diamonds (jewellery) unworked or simply sawn, cleaved represent 0.15% of total world trade.

Diamonds (jewellery) unworked or simply sawn, cleaved are a part of Diamonds.

Exports In 2020 the top exporters of Diamonds (jewellery) unworked or simply sawn, cleaved  were Belgium ($5.67B), United Arab Emirates ($5.43B), Botswana ($3.33B), Russia ($2.89B), and Angola ($1.37B).

Imports In 2020 the top importers of Diamonds (jewellery) unworked or simply sawn, cleaved were India ($9.45B), United Arab Emirates ($5.11B), Belgium ($4.88B), Botswana ($1.45B), and Israel ($1.12B).

Tariffs In 2018 the average tariff for Diamonds (jewellery) unworked or simply sawn, cleaved was 6.86%, making it the 3308th lowest tariff using the HS6 product classification.

Ranking Diamonds (jewellery) unworked or simply sawn, cleaved ranks 4009th in the Product Complexity Index (PCI).

Description Diamonds are used for jewellery and are the hardest natural material on earth. A diamond is cleaved or sawed to produce a gem-quality diamond.

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The following visualization shows the latest trends on Diamonds (jewellery) unworked or simply sawn, cleaved. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Belgium, $5.67B

Top Destination (2020): India, $9.45B

Diamonds (jewellery) unworked or simply sawn, cleaved are the world's 92nd most traded product.

In 2020, the top exporters of Diamonds (jewellery) unworked or simply sawn, cleaved were Belgium ($5.67B), United Arab Emirates ($5.43B), Botswana ($3.33B), Russia ($2.89B), and Angola ($1.37B).

In 2020, the top importers of Diamonds (jewellery) unworked or simply sawn, cleaved were India ($9.45B), United Arab Emirates ($5.11B), Belgium ($4.88B), Botswana ($1.45B), and Israel ($1.12B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Lesotho, $159M

Top Destination Growth (2019 - 2020): Botswana, $467M

Between 2019 and 2020, the exports of Diamonds (jewellery) unworked or simply sawn, cleaved grew the fastest in Lesotho ($159M), Australia ($93.4M), China ($68.3M), Zimbabwe ($38.3M), and Lebanon ($34.4M).

Between 2019 and 2020, the fastest growing importers of Diamonds (jewellery) unworked or simply sawn, cleaved were Botswana ($467M), Chinese Taipei ($65.2M), Lebanon ($15.5M), Solomon Islands ($3.76M), and France ($632k).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Diamonds (jewellery) unworked or simply sawn, cleaved.

In 2020,  market concentration measured using Shannon Entropy, was 3.38. This means that most of the exports of Diamonds (jewellery) unworked or simply sawn, cleaved are explained by 10 countries.

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TOP NET EXPORTER (2020): Russia, $2.85B

TOP NET IMPORTER (2020): India, $8.91B

This map shows which countries export or import more of Diamonds (jewellery) unworked or simply sawn, cleaved. Each country is colored based on the difference in exports and imports of Diamonds (jewellery) unworked or simply sawn, cleaved during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Diamonds (jewellery) unworked or simply sawn, cleaved were Russia ($2.85B), Botswana ($1.89B), Angola ($1.37B), South Africa ($840M), and Belgium ($794M).

In 2020, the countries that had a largest trade value in imports than in exports of Diamonds (jewellery) unworked or simply sawn, cleaved were India ($8.91B), Israel ($375M), China ($301M), Singapore ($142M), and Hong Kong ($87.5M).

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Diamonds (jewellery) unworked or simply sawn, cleaved.
It is possible to select the main countries that export or import Diamonds (jewellery) unworked or simply sawn, cleaved in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.