Production of Natural Diamond Is Decreased In 2001
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Production Of Natural Diamond Is Decreased Due To Less Demand Of Diamond

2002: Production Of Natural Diamond Is Decreased In The Whole World

Sep. 2002

1999

2000

2001

Country

Gem

Industrial

Total

Gem

Industrial

Total

Gem

Industrial

Total

Angola

3,700

400

4,100

5,400

600

6,000

4,653

517

5,170

Australia

13,403

16,381

29,784

12,014

14,684

26,698

10,700

13,100

23,800

Botswana

16,000

5,350

21,350

19,700

4,950

24,650

20,100

5,060

25,160

Brazil

300

600

900

300

600

900

1,000

1,000

Canada

2,000

N/A

2,000

2,000

N/A

2,000

2,600

2,600

CentralAfrica Republic

400

150

550

400

150

550

360

120

480

China

230

920

1,150

230

920

1,150

235

950

1,185

Congo

4,120

16,000

20,120

3,500

14,200

17,500

9,100

9,100

18,200

Ivory Coast

210

100

310

200

100

300

210

110

320

Ghana

518

128

646

178

712

880

700

170

870

Guinea

410

140

550

410

140

550

270

90

360

Liberia

120

80

200

120

80

200

100

70

170

Namibia

1,550

89

1,639

1,520

80

1,600

1,490

1,490

Russia

11,500

11,500

23,000

11,600

11,600

23,200

11,600

11,600

23,200

Sierra Leone

450

150

600

450

150

600

450

150

600

South Africa

4,000

6,020

10,020

4,300

6,480

10,780

4,470

6,700

11,770

Tanzania

200

301

501

35

55

90

302

53

355

Venezuela

59

36

95

60

40

100

85

40

125

Zimbabwe

15

30

45

7

13

20

5

10

15

Other

207

141

348

258

143

401

70

200

270

Totals

59,200

58,200

117,000

62,600

55,600

118,000

68,500

48,000

117,000

Analysis: The total world natural diamond production was down by 1 million carats in 2001, in large part due to a decrease in Australian production.

Overall gem production was up by 5.9 million carats, while overall industrial production was down 7.6 million carats. Upon closer examination, it is clear that these figures are a result of Congo’s new evaluation of its production. While previous years had Congo producing nearly three times as many industrial carats than gem, this year its production was evenly split between the two categories. It seems to us that the Congo has changed its evaluation of its production to include 50% in the so-called near-gem category, which can be cut in India or other low cost labor areas.

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