Your question: Where does the US import diamonds from?

Where do we import diamonds from?

Distribution of diamond imports worldwide in 2020 by leading country*

Characteristic Share of imports
India 21.3%
United States 16.7%
Hong Kong 15.3%
Belgium 10.7%

How many diamonds are imported into the US?

U.S. diamond import volume in carats 2009-2017

In 2017, the total volume of the diamonds that were imported to the United States amounted to 4.4 million carats, a slight decrease compared with the 4.5 million carats imported the previous year.

Where does the US import from the most?

The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion.

Why does India import so many diamonds?

India’s imports are particularly high because it is the world leader in diamond processing. … The diamond export trade amounted to 15.7 billion dollars for Antwerp, 8.3 billion for Dubai and 3.9 billion for Israel.

What is one of the major US imports?

Machinery (including computers and hardware) – $213.1 billion. Minerals, fuels, and oil – $189.9 billion. Electrical machinery and equipment – $176.1 billion. Aircraft and spacecraft – $139.1 billion.

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Who buys the most diamonds in the world?

Searchable List of Diamonds Importing Countries in 2020

Rank Importer 2019-20
1. India -27.9%
2. United States -38.2%
3. Hong Kong -35.6%
4. Belgium -23.3%

Who is the top exporter of diamonds?

In 2020, India was the largest exporter of diamonds worldwide, amounting to a total value of 15.2 billion U.S. dollars. This compared to the 10.5 billion U.S. dollars of diamonds exported by the Hong Kong that year, ranked second.

Which country is best to sell diamonds?

The countries that perform the most diamond cutting and trading include:

  • India – Mumbai and Surat are the cities with the most diamond cutters. …
  • China.
  • Dubai.
  • Thailand – nearly all diamond cutting in Thailand happens in Bangkok.
  • Belgium – Antwerp is the diamond trading capital of the world.