- 11.5% increase in carat volume produced over 2016 and an 9.9% increase in total value
2017 Global natural Diamonds Prod'n Forecast142M carats worth $15.6B
May 3, 2017 By Paul Zimnisky Mined diamond production in 2017 is estimated to be 142.3 million carats worth $15.6B (see appendix below), which would be an 11.5% increase in carat volume produced over 2016 and an 9.9% increase in total value produced. The top 10 largest mines in the world by value produced are estimated to represent 58% of global production. De Beers' Jwaneng mine in Botswana is ranked number one, and is estimated to independently produce 15% of the world’s diamonds in value.  The International mine in Russia. Source: ALROSA Russia is estimated to be the largest producing nation by value at 35%, followed by Botswana at 22%, Canada at 14%, Angola at 8%, South Africa at 7%, Namibia at 5%, and Australia at 3%. Russia Russian diamond production is dominated by ALROSA (RTS: ALRS) which is 58% owned by Russian national and regional governments. The company’s prized Jubilee mine is estimated to produce 9.2M carats worth $1.4B in 2017, which by itself represents 9% of global diamond output by value. Company-wide, ALROSA’s portfolio includes 11 mines and 5 alluvial operations, producing 27% of global diamond production by volume and 33% by value (see Figure 1 for complete company-wide production figures of major producers). Figure 1 - Big 5 diamond miner production and sales data 2015-2017E  Read the whole report here: 2017 Global Natural Diamond Production Forecasted at 142M Carats Worth $15.6B - Paul Zimnisky | Diamond Industry Analysis: 2017 global natural diamond production estimated at 142 million carats worth $15.6 billion |
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