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Diamond Mining Market Analysis including Reserves, Production, Operating, Developing and Exploration Assets, Demand Drivers, Key Players and Forecasts, 2020-2025

The global diamond reserves were found to be 1.4 billion carats (Bct) as of January 2021. More than 85% of 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.

The global rough diamond production is expected to recover by 1.4%, to reach 112.99 million carats (Mct), in 2021, after registering an estimated 19% decline in 2020. With potential diamond mines, Botswana, Canada and the DRC are also expected to remain prominent suppliers of rough diamonds to global markets. 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 that is one of the chief locations for trading diamonds. As a result of the pandemic, operating activities and cross-border movement were severely disrupted.

Production over the forecast period (2021-2025) is expected to grow at a CAGR of more than 2%. Russia, which holds some of the world’s largest diamond deposits, is expected to remain the world’s largest supplier.

Global diamond mining market overview

Global diamond mining market overview

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What are the diamond mining dynamics?

After steady growth in 2018, demand for rough and polished diamonds was subdued in 2019 before suffering a major setback due to the global pandemic in 2020. The COVID-19-related lockdowns and restrictions disrupted weddings and other celebrations, significantly hampering the global retail business, with outlets having to temporarily close around the world. This global crisis in the form of reduced demand from retailers, alongside the lockdown, led to the closure of diamond cutting and polishing factories in India, which hosts the world’s largest midstream industry.

Closure of markets across China and Hong Kong worsened the global demand, which further deteriorated after the pandemic spread across the western regions including Europe and the Americas. China, during the Q1 2020, was the worst affected, however, was also the fastest to start replenishing and getting back in shape, which became a key driver for the balanced global demand. Overall, the global consumer market’s sentiment was severely affected during the first half of 2020 that started recovering towards the subsequent months.

The gradual easing of restrictions improved global market conditions and reinforced demand across the supply chain. Demand in key consuming markets including the US and China recovered towards the end of 2020. Thus the online campaigns and e-commerce festivals have also gained popularity and boosted consumer confidence in online purchases.

What is the categorization of diamond mining assets?

The diamond mining assets are categorized into active mines, development projects and exploration projects. Each category provides additional information about the mines/projects regarding the mining method, mine stage, total ore reserves, saleable production year, equity owners etc.

What are the top regions and countries for diamond mining?

Russia is the world’s largest producer of rough diamonds and accounted for more than 31% of the global total in 2020. This was followed by Botswana, Canada, the DRC and Australia. The production in Australia continued to decline, owing to the depleting ore reserves at the Argyle mine, which commenced in 1983 and then ceased production in November 2020. Given the Ellendale mine is currently idled, Australia’s diamond production effectively ceased at the end of 2020.

Russia is expected to remain the world’s largest supplier. With potential diamond mines, Botswana, Canada and the DRC are also expected to remain prominent suppliers of rough diamonds to global markets. Furthermore, Angola will emerge among the top five producers globally, and eventually surpass the DRC to become the fourth largest towards the latter part of the forecast period.

Global diamond mining market, by region

Global diamond mining market, by region

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Who are the major players in the diamond mining?

The world’s leading diamond producers are ALROSA, Anglo American, Rio Tinto and Petra Diamonds Ltd. ALROSA is amongst the world’s leading diamond mining companies, carries out the exploration, extraction and sale of rough diamonds. It mines small, medium and large diamonds. Anglo American owns 85% of De Beers Group, with the remaining 15% owned by the Government of the Republic of Botswana. The company’s diamond mining operations are located across four countries: Botswana, Canada, Namibia and South Africa.

Global diamond mining market, by key companies

Global diamond mining market, by key companies

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Market report scope

Market volume (Year – 2020)

112.99 million carats (Mct)
Growth rate CAGR of >2% from 2021 to 2025
Base year for estimation 2020
Asset categories Active Mines, Development Projects, Exploration Projects
Regional coverage Russia, Botswana, Canada, The DRC, Australia and Others
Forecast period 20212025
Key companies ALROSA, Anglo American, Petra Diamonds Ltd, and Endiama EP

The report also provides detailed information on reserves, production, production by company and country, major active, exploration and development projects by region.

Reasons to Buy

  • Comprehensive evaluation of the impact of COVID-19 on global diamond industry
  • To gain an understanding of the global diamond mining industry, relevant driving factors
  • To understand historical and forecast trend on global diamond production
  • To identify key players in the global diamond mining industry
  • To identify major active, exploration and development projects by region

Key Players

ALROSA, Rio Tinto, Anglo American, Petra Diamonds, Endiama EP

Table of Contents

1 Executive Summary

2 Reserves and Production

2.1 Diamond Reserves by Country

– Russia

– Botswana

– DRC

– South Africa

2.2 Rough Diamonds Production

2.3 Production by Country

– Russia

– Botswana

– Democratic Republic of the Congo

2.4 Production by Company

3 Diamond Assets

3.1 Active Mines

3.2 Development Mines

3.3 Exploration Projects

4 Demand Drivers

4.1 Diamond Value-Chain Analysis

5 Major Diamond Producers

5.1 Company Profiles

– ALROSA

– Anglo American Plc

– Petra Diamonds Ltd

– Rio Tinto Plc

– Endiama EP

6 Appendix

6.1 Abbreviations

6.2 Methodology

6.3 Coverage

6.4 Secondary Research

List of Tables

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

List of 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

Frequently Asked Questions

The global diamond mining market volume was estimated at 112.99 million carats (Mct) in 2020.

The global diamond mining market is expected to grow at a compound annual growth rate of more than 2% from 2021 to 2025.

Russia is the leading country in the global diamond mining market in 2020, followed by Botswana and Canada.

ALROSA was the leading company in 2020, followed by Anglo American, and Petra Diamonds.

The high-potential countries identified were Russia, Botswana, Canada, The DRC and Australia.

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