Diamond Mining Market by Reserves and Production, Assets and Projects, Demand Drivers, Key Players and Forecast to 2026
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Diamond Mining Market Overview
The rough diamond production was estimated at 117.5 million carats (Mct) in 2022, primarily due to natural depletion of existing deposits and a lack of new capacity additions.
As of January 2022, global diamond reserves stood at 1.8 billion carats (Bct). Russia, Botswana, the DRC and South Africa collectively accounted for more than 92% of the global share. Major discoveries in Russia, Botswana and South Africa has resulted in an increase in global reserves in the recent years. Orapa, Jwaneng, Udachny, Catoca, and Ekati are amongst the largest diamond reserves in the world.
The diamond mining market research report contains an overview of the global diamond mining industry including key demand-driving factors affecting the industry. It provides detailed information on reserves, reserves by country, production, production by country, production by the company, major operating mines, competitive landscape, and major exploration and development projects.
Diamond Mining Market Outlook, 2022-2026 (Mct)
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Diamond Mining Market Dynamics
Russia was the world’s largest producer in 2022. However, the diamond industry was impacted by ongoing regional political tensions and international sanctions imposed on certain Russian mining companies. Following the invasion of Ukraine by Russia, the US and, more recently, the UK imposed sanctions on Alrosa and banned diamond imports from the country. These sanctions prevent the company from obtaining financing and, as a result, from making payments through sanctioned banks. Along with ongoing economic pressures, a lack of new capacity additions will have an impact on Russia’s diamond production over the forecast period. Additionally,
major discoveries in Russia, Botswana and South Africa has resulted in an increase in global reserves in the recent years.
However, with ongoing economic uncertainty in the US, such as inflation, and rising COVID cases in China, demand for polished diamonds in 2023 is expected to be lower than in 2022.
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Diamond Mining Market Segmentation by Countries
The leading countries in the diamond mining market in terms of production are Russia, Botswana, Canada, DRC, South Africa, Angola, and Others. Russia was the leading producer of diamond in 2022. Russia, Botswana, Canada, and the DRC are the world’s largest diamond producers, , together accounting for more than 77% of total diamond production in 2022.
Diamond Mining Market Analysis by Countries, 2022 (%)
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Diamond Mining Market – Key Assets
Active Mines – Some of the key active diamond mines are Jwaneng Mine, Gahcho Kue Project, Venetia Mine, Udachny Mine, and Cullinan Mine among others.
Development Projects – Some of the key diamond development projects are Jay Project, Venetia Underground Project, Karowe Expansion Project, Mazaruni River Project, and Luele Project among others.
Exploration Projects – Some of the key diamond exploration projects are Lomonosov Pipe Project, Kennady North Project, WO Property, IGE Tshikapa Project, Tonguma Project, and Bunder Project among others.
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Diamond Mining Market – Competitive Landscape
Some of the leading diamond producing companies are Alrosa, Anglo American, Rio Tinto and Petra Diamonds Ltd among others. In 2022, Alrosa dominated the diamond mining market share, followed by Anglo American, Rio Tinto and Petra Diamonds Ltd respectively in terms of production.
Diamond Mining Market Analysis by Companies, 2022
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Diamond Mining Market Overview
|Market Size in terms of Volume (2022)||117.5 million carats (Mct)|
|Key Countries||Russia, Botswana, Canada, DRC, South Africa, Angola, and Others.|
|Active Mines||Jwaneng Mine, Gahcho Kue Project, Venetia Mine, Udachny Mine, and Cullinan Mine|
|Exploration Projects||Jay Project, Venetia Underground Project, Karowe Expansion Project, Mazaruni River Project, and Luele Project|
|Development Projects||Lomonosov Pipe Project, Kennady North Project, WO Property, IGE Tshikapa Project, Tonguma Project, and Bunder Project|
|Leading Producers||Alrosa, Anglo American, Rio Tinto and Petra Diamonds Ltd|
Key Segments Covered in this Report
Diamond Mining Market Country Outlook (Volume, Million Tonnes, 2016-2026)
- South Africa
The report contains an overview of the global diamond mining industry including key demand-driving factors affecting the global diamond mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by the company, major operating mines, competitive landscape, and major exploration and development projects.
Reasons to Buy
- To gain an understanding of the global diamond mining industry, relevant driving factors
- To understand historical and forecast trends on global diamond production
- To identify key players in the global diamond mining industry
- To identify major active, exploration and development projects by region
Table of Contents
Rough Diamond Production
Production by Country
Major Active Mines
Major Development Projects
Major Exploration Projects
Frequently asked questions
What was the Diamond mining market size in 2022?
The diamond mining market production was estimated at 117.5 million carats (Mct) in 2022.
Which are the leading countries in terms of Diamond production?
The leading countries in terms of diamond production are Russia, Botswana, Canada, DRC, South Africa, Angola, and Others.
Which is the leading country in Diamond mining market?
Russia led the diamond mining market share in terms of production during 2022.
Which companies are the leading producers in the Diamond mining market?
Some of the leading diamond producers are Alrosa, Anglo American, Rio Tinto and Petra Diamonds Ltd.
Which producer held the largest Diamond mining market share in 2022?
Alrosa held the largest diamond mining market share in 2022.
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