7 Top Diamond Producing Nations Driving Global Gemstone Markets
Mining diamonds throughout the earth, they are treasured for their brilliance, rarity and durability. Countries such as Zimbabwe have artisan mined diamonds, while others like Russia boast industrial infrastructure for their diamonds and along with them contribute to the international trade in diamonds. Every carat mined is not just economically valued and it also denotes a history, culture and national identity. Botswana leads the pack in value with some of the most prized jewels, while the diverse wealth in Russia, Canada and Africa guarantees a constant flow into world markets. As diversely imagined from small-scale to massive state backed ventures, what emerged is probably one of the most precious and demanded gemstones across the globe, showing the diversity of diamond mining operations.
Russia: 37.32 Million Carats
Russia produced 37.32 million carats in 2023, accounting for 32% of the world’s total diamond output. It has been the largest producer for over a decade, powered by extensive reserves and industrial-scale mining. Russia’s dominance ensures it plays a central role in shaping global diamond supply.
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Botswana: 25.09 Million Carats
With 25.09 million carats in 2023, Botswana ranks second by production but leads globally by value. Known for producing some of the world’s finest-quality diamonds, Botswana has built a thriving diamond economy. Partnerships with global mining firms have further strengthened its position as a diamond trade leader.
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Canada: 15.98 Million Carats
Canada produced 15.98 million carats in 2023, ranking among the top global producers. Its journey began with the Ekati mine in 1998, followed by other major operations. Known for ethical and high-quality diamonds, Canada’s mines ensure it remains a trusted global supplier in the diamond industry.
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Angola: 9.75 Million Carats
With 9.75 million carats in 2023, Angola continues to expand its diamond industry. The Catoca mine, one of the largest globally, remains a key driver. Vast untapped reserves position Angola as a country with rapidly growing potential in the diamond market, attracting global investors and mining companies alike.
Democratic Republic of Congo: 8.35 Million Carats
The Democratic Republic of Congo produced 8.35 million carats in 2023, cementing its spot as the world’s fifth-largest diamond producer. Much of its output still relies on artisanal mining. With vast untapped reserves, DRC holds immense potential to expand its role in global diamond production significantly.
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South Africa: 5.89 Million Carats
With 5.89 million carats produced, South Africa maintains its iconic status in diamond mining. The country, known as the birthplace of modern diamond mining, still delivers high-value stones. Despite increased competition, its legacy and continued production ensure it remains a major player in the global gemstone market.
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Zimbabwe: 4.9 Million Carats
Zimbabwe recorded an impressive 4.9 million carats of diamond output in 2023, valued at $303 million. Despite artisanal mining challenges, the nation remains a significant contributor to global reserves. Rich deposits and increasing investment in mining technology highlight Zimbabwe’s steady presence in the global diamond industry.
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