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According to data from the Kimberley Process Certification Program (KPCS), India imported a total of approximately 154 million carats of rough diamonds in 2014, valued at $17.21 billion. The Kimberley Process (KP) member states of the European Union (the EU 28 countries participate as a regional economic integration organization) and Belgium are the countries that export the largest number of rough diamonds to India. In 2014, the EU exported a total of 116 million carats of gems worth a total of $15.71 billion, a 10% drop in exports compared to 2013.
India is a global leader in diamond processing, and as the world's largest diamond processing site, its demand for diamonds has remained high. In terms of value, the diamond capital of Antwerp, Belgium, has a diamond import of $16 billion, but India’s imports are as high as $17.2 billion.
It is understood that the main competitors of the Antwerp World Diamond Center are Dubai and Israel. The diamond imports of the two countries are only one-third of Antwerp's imports, but in fact the value of Israeli diamonds ($333.11 per carat) greatly exceeds Antwerp diamonds ($133.08 per carat). In addition, Antwerp’s diamond exports amounted to US$15.7 billion, Dubai’s US$8.3 billion and Israel’s US$3.9 billion.
India remains the world's largest importer of rough diamonds
Abstract According to Indian media reports, the Kimberley Process Certification Project (KPCS) released data show that India, the world's largest importer of rough diamonds remains. In 2014, India imported about 154 million carats of rough diamonds worth US$17.21 billion. From...
According to Indian media reports, data released by the Kimberley Process Certification Program (KPCS) shows that India is still the world's largest importer of rough diamonds. In 2014, India imported about 154 million carats of rough diamonds worth US$17.21 billion.