Russia accounted for 32% of global rough diamond production by volume, translating to 37.3 million carats. In terms of value, the country contributed 29% of global output, totalling $3.335 billion.

Botswana followed closely, producing 28.2 million carats (24% of global volume) and nearly matching Russia in value with $3.308 billion (28.8% of global output).

The report also revealed a 10% decline in overall global rough diamond output, which dropped to $11.48 billion in 2024.

India emerged as the largest importer of rough diamonds, commanding 40% of global imports by volume and 39% by value. The UAE ranked second, importing 29% by volume and 24% by value.

The data underscores the continued dominance of traditional diamond powerhouses even amidst geopolitical and market disruptions.