04 Oct 2022
DiamondWorld Directory
-
Home |
News
Home
Russia and Australia account for more than half of all diamond mined in 2020 globally
Data analyzed by Finbold indicates that only three countries produced 79.62% of all the estimated 54 million carats of natural diamond produced in 2020 globally
By: Diamond World News Service
|
May 5 2021 2:11PM
|
Reference: 25553  

DecreaseIncrease

 Russia tops with a share of 35.18% or 19 million carats, followed by Australia with 22.22% or 12 million carats. Therefore, the two countries cumulatively accounted for more than half (57%) of the mined diamonds in 2020. The Democratic Republic of Congo also produced 12 million carats of diamond.

Botswana ranks fourth with a share of 9.25% or five million carats. South Africa produced three million carats accounting for 5.55% of the global share of mined natural diamonds. Elsewhere, Zimbabwe mined two million carats or 3.7%, while other countries accounted for a share of 1.85% or one million carats.

Pandemic disrupts diamond mining operations

The report overviews the conditions of diamond mining in 2020 and how the sector was affected in general. According to the research report:“In general, global industrial diamond production faced various challenges as a result of the coronavirus pandemic. Leading mining companies were forced to suspend operations as governments imposed lockdowns aiming to contain the spread of the virus. Similarly, with mining being a non-essential operation, workers were sent home as a safety measure.”

Before the pandemic hit, the diamond sector looked forward to a bullish future giving miners optimism to extract more of the precious stone. The report notes that:“Overall, most miners began the year on a bright note, backed with improving customer sentiments across critical markets with soaring demand. However, the pandemic halted demand after miners canceled and delayed sales. Furthermore, major diamond shows were scrapped due to health and travel restrictions as prices dropped.”

Furthermore, Russia also accounts for the highest share of natural diamond reserves globally at an estimated 650 million carats. Botswana comes a distant second with reserves of 310 million carats.

Elsewhere, the Democratic Republic of Congo ranks third with estimated 150 million carats in reserves, while South Africa has 130 million carats in diamonds. Australia has an estimated reserves of 25 million carats while other countries account for 120 million carats.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31535
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8916
GJEPC Chairman Interview
Views: 27689
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38702
Promo for IJ Awards 2012 at NDTV Profit
Views: 56505
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67976
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21521
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50450
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 52305
Advertisement
DWsubscription
Member of:
Supporter of: