The Hidden Meaning Behind Your Favorite Gemstones - Vogue
Coloured stones: Collecting guide | Christie's

Countries That Produce the Most Diamonds

Despite a market that accounts for more than a third of global demand for the gemstone, the U.S. does not have any significant natural diamond resources within its geographical borders. Instead, Russia supplied about a third of the total carats mined in 2015.

Diamond production levels have remained steady in recent years, but industry analysts have predicted a dip in demand due in part to shifting preferences among millennials. The generation is getting married later, if at all, and has unique preferences.

In October, the Diamond Producers Association – a group of seven major diamond retailers, including De Beers and Canada's Lucara – launched an advertising campaign targeting millennial consumers called "Real Is Rare." The industry organization, founded in 2015, even got celebrity Nick Cannon involved.

Diamond-mines-map

But diamonds may not be as rare as the trade organization makes them out to be. After a drop in production between 2008 and 2009, more than 120 million carats of diamond have been produced each year by a handful of countries, largely concentrated in sub-Saharan Africa. According to the U.S. Department of the Interior, there are also "substantial" reserves of the gemstone around the world.

 

Here are the countries that produced the most diamonds in 2015, according to the Kimberley Process Certification Scheme, a collaboration among government and industry organizations.

Country Diamond Production in 2015 (in carats) Average Value Per Carat
Russia 41.9 million $101
Botswana 20.8 million $144
Dem. Rep. of Congo 16.0 million $8
Australia 13.6 million $23
Canada 11.7 million $144
Angola 9.0 million $131
South Africa 7.2 million $193
Zimbabwe 3.5 million $50
Namibia 2.1 million $591
Sierra Leone 500,000 $309
 

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)