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Global Diamond Mining Output Includes Industrial Stones & Gem

2004: Global Diamond Mining Output Ranks Countries

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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