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World Diamond Mining Update – Aug
1997

Looking ahead: market to expand further with slated 1998
opening of first major diamond mine in years

Total world diamond production came to 117 million carats which was
valued at $7 billion. This dollar value, of course, represents diamonds in the rough
stage, but, it is worth noting, the retail value of diamond jewelry is several times this
amount. Total 1996 world diamond production rose 6% over 1995 and 7% in gem production.
(These figures can be expected to rise further next year when BHP is slated to open the
first major diamond mine in years – in its joint venture with Dia-Met in Canada’s
Northwest Territories.) The largest 1996 increase in gem production is in Angola with a
gain of more than 3 million carats in gem quality diamonds over 1995 production. Overall
Russian production increased by 500 million carats, but, it must be noted, that this is
only a very rough estimate due to the local secrecy law imposed in 1995 which prohibits
disclosure of precise diamond production in Russia.
(Table
shown in 1000s of cts.) Gem is defined as cuttable vs. diamonds for industrial use. (Source:
Diamond Registry based on U.S. Geological Survey data)

Country

————————1994————————
———————–1995————————
———————–1996———————–
 

Gem

Industrial

Total

Gem

Industrial

Total

Gem

Industrial

Total

Angola27030300450505003,6004004,000
Australia19,48523,81543,30018,31222,38140,69318,89723,09641,993
Botswana10,5505,00015,55011,5025,30016,80211,0005,00016,000
Brazil6009001,5006009001,5007006001,300
C. African Republic400131531400130530350120470
China2308501,0802309001,1302309001,130
Gabon400100500400100500400100500
Ghana580145725580145725125505630
Namibia1,3121,3121,3821,3821,3001,300
Russia8,5008,50017,0009,0009,00018,0009,2509,25018,500
Sierra Leone155100255113100213162108270
S. Africa4,3405,3439,6834,3005,3839,6835,3606,00011,360
Venezuela2032144172296429323060290
Zaire4,00013,00017,0004,00013,00017,0003,00015,00018,000
Other3332215543632466098134641,277
Grand Total51,40058,300110,00051,90057,700110,00055,40061,600117,000

 

De Beers Supplies Written Testimony Before Congress June.2000South Africa Stalemate Has Not Effected Diamond Pipeline – June 1999Mining Companies Establish Web Exchange June.2000
Report Targets Sierra Leone Trade; Suggests Boycott  – Feb 2000Argyle’s lament: a key marketing problem — not enough diamonds Summer
1998
World Natural Diamond Production in 1998 Summer 1999

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