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42

ROUGH D I AMOND

PRODUCT I ON

2013 SNAPSHOT

CURRENT PRODUCTION IS WELL BELOW ITS 2005 PEAK

De Beers estimates that overall global rough diamond

production increased by three per cent from 2012

to US$18 billion in 2013. Measured in carats, the

increase was seven per cent, to reach 146 million

carats. This is still well below the production peak in

2005, when overall production was above 176 million

carats

25

(see Fig. 23).

The largest diamond producing country, by volume,

is Russia, which in 2013 produced 25 per cent

of total carats, and 26 per cent of overall rough

diamond value. Botswana produced 16 per cent of

carats, corresponding to 21 per cent of overall value.

Another large volume producing country is the DRC,

which has historically produced on average 19 per

cent of total volume, but equivalent to only roughly

six per cent of value due to low value per carat

26

(see Fig. 24).

De Beers and ALROSA continue to be the two largest

diamond producing groups by value. De Beers’ 2013

share of volume was 21 per cent and its share of value

33 per cent, while ALROSA’s share of volume and

value were 25 per cent and 26 per cent respectively

in 2013 (see Figs. 25 and 26).

The third largest company in the sector is Rio Tinto,

which produced 11 per cent of total carats in 2013,

corresponding to approximately five per cent of global

production value. Another large producer is Angola’s

Catoca mine, generating approximately five per cent

of both volume and value of production in 2013. The

companies operating the alluvial fields of Chiadzwa in

Zimbabwe contributed an estimated eight per cent of

volume and four per cent in value in 2013.

FIG. 23:

GLOBAL PRODUCTION VOLUME (1882-2013)

Source: De Beers

160

140

120

100

80

60

40

20

0

180

1882

2013

Million carats (gem only 1882-2008; all carats included 2008-2013)

Note: Prior to 2008, Russian industrial carats were excluded from the

total. From 2008, they are included