Indirect economic impact in diamond producing countries

Antwerp is a trade center dependent on the demand for diamonds. The most important diamond producing countries are Russia, Southern African countries, Canada and Australia. On the production side, 130 million of rough diamonds were brought into the value chain in 2013, valued at €10,3 billion.

According to a Bain & Company study commissioned by AWDC, the demand for rough diamonds will increase annually by 5,1% until 2023. This demand will be mostly driven by emerging economies such as India and China, which together will constitute 40% of the demand in 2023. The middle class is quickly growing in these countries, and has more and more of the necessary capital at its disposal to buy diamonds or diamond jewelery. A stable and sustainable supply must be ensured, which will have a positive
impact on diamond producing countries.