Global diamond output seen rising 11.5% in 2017

Rough diamonds PIC: MORERI SEJAKGOMO
Rough diamonds PIC: MORERI SEJAKGOMO

Global mined diamond output in 2017 is expected to increase 11.5% year-on-year to 142.3-million carats, worth some $15.6-billion, which itself is a 9.9% increase in forecast total value produced, evaluation by independent diamond analyst Paul Zimnisky has found.

The top ten largest mines in the world by value produced are estimated to represent 58% of global output. De Beers’ Jwaneng mine, in Botswana, is ranked number one, and is estimated to independently produce 15% of the world’s diamonds in value.

Russia is estimated to be the largest producing nation by value at 35%, followed by Botswana at 22%, Canada at 14%, Angola at eight percent, South Africa at 7%, Namibia at five percent, and Australia at three percent, Zimnisky reported. Currently, Canada is arguably the most active nation in the global diamond mining scene, Zimnisky said. The country hosts five large-scale diamond mines with state-of-the-art infrastructure, two of which are the newest world-class diamond mines in the world, Gahcho Kué and Renard.

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