Production of Diamond in Russia reached 34,963.42 thousand carats in 2024
Production declined by a CAGR of 3.67% between 2021 to 2024,and is expected to decline by...
GlobalData projects the production to decline at a CAGR of...
Global diamond production
Global diamond reserves held a significant position as of January 2021. These are located across Russia, Botswana, the DRC and South Africa. In the past couple of years, Australia has lost its number one spot in terms of diamond reserves to Russia, owing to depleting ore reserves and closures.
Global rough diamond production is expected to recover in 2021. Output from Botswana, Canada and Angola will be significant contributors to the overall growth. In contrast, production will completely cease in Australia, owing to the closure of the Argyle mine, which closed in November 2020.
In 2020, the COVID-19 pandemic hammered the global diamond market, which was already undermined due to several factors such as the then-ongoing US-China trade war and political instability in Hong Kong – one of the chief locations for trading diamonds. As a result of the pandemic, operating activities and cross-border movement were severely disrupted.
ALROSA, Rio Tinto, Anglo American, Petra Diamonds and Endiama EP are the major companies operating in the global diamond mining industry.
Diamond production
Russia
Russia stood as the world’s largest producer in 2020, however this was down by 2019. Production from ALROSA– the world’s largest producer of diamonds, which also accounts for majority of the country’s output. Much of the impact of the pandemic was during the first half, when the company’s output fell year on year. Overall, the company adopted ‘price-over-volume’ strategy, amid COVID-19, to maintain the diamond value chain and prevent the state of oversupply. 2.3
Major diamond producers
ALROSA, Anglo American, Petra Diamonds Ltd, and Endiama EP are the world’s leading diamond-producing companies.
ALROSA is amongst the world’s leading diamond mining companies, headquartered in Moscow, Russia, and carries out the exploration, extraction and sale of rough diamonds. It mines small, medium and large diamonds. It operates mining and processing facilities in Udachny, Aikhal, Nyurba and Anabar, located in Eastern Siberia and the Arkhangelsk region.
The company markets diamonds through long-term contracts with suppliers, and exports to several European countries, including the UK and Belgium, Asian majors such as India and China, and the US, among others.
Anglo American Plc (Anglo American) mines, processes and markets bulk commodities, base metals, precious metals and minerals. The company operates in Southern Africa, South America, North America and Australia. Anglo American operates through six reportable business segments: De Beers; Copper; Platinum; Iron Ore and Manganese; Coal; and Nickel.
Other notable diamond producer companies are:
Switzerland
China
Japan
Japan
Luxembourg
United Kingdom
Australia
Germany
South Korea
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