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2004

World Diamond Mining Production by Value and Carats (2002)

June 2004

Country	Value (U.S. mil $)	Rank	Carats	Rank
Australia	400	7	33,640,000	1
Botswana	2170	1	28,396,926	2
Russia	1470	2	17,000,000	3
Congo	400	8	16,000,000	4
South Africa	900	3	10,900,000	5
Angola	850	4	5,500,000	6
Namibia	450	5	1,400,000	7
Canada	430	6	3,980,000	8
Ghana	20.7	14	950,000	9
South America	70	11	800,000	10
Guinea	110	9	600,000	11
Central African Republic	90	10	550,000	12
Sierra Leone	70	11	300,000	13
China	30	13	300,000	14
Tanzania	20	15	152,234	15
Subtotal	7,481		120,469,160
Other Countries	119		530,840
Total	7,600		120,000,000

Analysis

The table above shows that the ranking by value of diamond production around the world is quite different from the ranking by carat.

In the number of carats produced (which we reported in DRB, July ‘03, with a breakdown of gem and industrial diamonds), Australia ranks first and Congo, for instance, is number 4. While, in the ranking of value, Botswana is number one, followed by Russia and South Africa.

Canada only produced 3.3 % of value in 2002, this is going to change dramatically when the figures for 2003 will be released.

The total value of $7.6 billion includes both gem and industrial stones. World diamond jewelry sales are about 10 times that amount, which is why De Beers is trying to integrate downstream.

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