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 Report 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.

Diamond Mining Market Outlook, 2022-2026 (Mct)

Diamond Mining Market Outlook, 2022-2026 (Mct)

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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.

Market Size in terms of Volume (2022) 117.5 million carats (Mct)
Forecast Period 2023-2026
Historic Period 2016-2022
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
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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 (%)

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 (%)

Diamond Mining Market Analysis by Companies, 2022 (%)

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Key Segments Covered in this Report

Diamond Mining Market Country Outlook (Volume, Million Tonnes, 2016-2026)

  • Russia
  • Botswana
  • Canada
  • DRC
  • South Africa
  • Angola
  • Others

Scope

  • Reserves and Production Data: Access detailed information on reserves, reserves by country, production figures, production by country, and production by company.
  • Key Players: Learn about the major players in the industry like Alrosa, Anglo American, Rio Tinto and Petra Diamonds Ltd.
  • Country Insights: Discover leading diamond-producing countries such as Russia, Botswana, Canada, DRC, South Africa, and Angola.
  • Project landscape: Gain insights into diamond explorational and developmental projects, as well as active mines.

Reasons to Buy

  • Understand market trends: Gain a comprehensive understanding of diamond mining by exploring country-wise market dynamics, identifying key assets, and assessing the competitive landscape.
  • Strategic market analysis: Navigate the industry with ease by exploring historical and forecast trends to anticipate market shifts and make forward-looking decisions.
  • Forge valuable partnerships: Identify key players in the diamond mining market and access exclusive information on key stakeholders such as diamond producers, government entities, suppliers, and more.
  • Uncover major projects: Dive into a detailed overview of major active, explorational, and developmental mining projects across various regions.

Alrosa
Anglo American
Rio Tinto
Petra Diamonds Ltd
Endiama EP

Table of Contents

Overview

Diamond Reserves

Rough Diamond Production

Production by Country

Major Active Mines

Major Development Projects

Major Exploration Projects

Demand

Competitive Landscape

Appendix

Likelihood

Table

Table 1: Global Diamond Mining – Diamond Reserves by Country (Million Carats), January 2021

Table 2: Global Diamond Mining – Top Active Mines in Russia by Total Ore Reserves (Million Tonnes)

Table 3: Global Diamond Mining – Top Active Mines in Botswana by Total Ore Reserves (Million Tonnes)

Table 4: Global Diamond Mining – Top Active Mines in South Africa by Total Ore Reserves (Million Tonnes)

Table 5: Global Diamond Mining – Historical and Forecast Rough Diamonds Production (Million Carats), 2005-2025

Table 6: Global Diamond Mining – Production by Country (Million Carats), 2010-2025

Table 7: Global Diamond Mining – Rough Diamonds Production in Russia (Million Carats), 2010-2025

Table 8: Global Diamond Mining – Rough Diamonds Production in Botswana (Million Carats), 2010-2025

Table 9: Global Diamond Mining – Rough Diamonds Production in the DRC (Million Carats), 2010-2025

Table 10: Global Diamond Mining – Production by Company (Million Carats), 2019-2020

Table 11: Global Diamond Mining – Active Mines by Country, 2021

Table 12: Global Diamond Mining – Development Mines by Country, 2021

Table 13: Global Diamond Mining – Exploration Projects by Country, 2021

Table 14: Global Diamond Mining – Global Diamond Value-Chain Analysis, 2021

Table 15: Global Diamond Mining – ALROSA, Major Projects, 2021

Table 16: Global Diamond Mining – Anglo American, Major Projects, 2021

Table 17: Global Diamond Mining – Petra Diamonds Ltd, Major Projects, 2021

Table 18: Global Diamond Mining – Rio Tinto, Major Projects, 2021

Table 19: Global Diamond Mining – Endiama EP, Major Projects, 2021

Figures

Figure 1: Global Diamond Mining – Diamond Reserves by Country (%), January 2021

Figure 2: Global Diamond Mining – Historical and Forecast Rough Diamonds Production (Million Carats), 2005-2025

Figure 3: Global Diamond Mining – Production by Country (Million Carats), 2010-2025

Figure 4: Global Diamond Mining – Rough Diamonds Production in Russia (Million Carats), 2010-2025

Figure 5: Global Diamond Mining – Rough Diamonds Production in Botswana (Million Carats), 2010-2025

Figure 6: Global Diamond Mining – Rough Diamonds Production in the DRC (Million Carats), 2010-2025

Figure 7: Global Diamond Mining – Diamond Jewelry Demand by Country, 2019

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