Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake...

09 september 2019

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

02 september 2019

Working according to one’s weaknesses and strengths

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri...

26 august 2019

The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

The global diamond mining industry in 2018

06 may 2019

The dynamics of the diamond production in 2014-2018.

In July this year, the Kimberley Process will release the statistics on the rough diamonds mined and sold by the countries in 2018. Last year, the same 23 countries were in the commercial diamond mining as in the previous years. Without this data at hand, we can estimate rather accurately the actual diamond production as well as the financial results of the global rough diamond trade based on the sum of the major diamond miners’ performance data in 2018.

The dynamics of changes of this performance data is given below (Table 1).

Table 1

The world’s major diamond mining companies in 2014-2018

analyt_06052019_eng.png

Brief summary

Simple calculations based on the averaged share of top five diamond mining companies that equals approximately three-quarters of the actual global diamond production in carats and four-fifths of the rough diamond sales value in dollars show the predicted results. So, in 2018, the global diamond production will be 147 mn carats and the rough diamond sales value will make US$15.7 bn. As compared with 2017, in 2018 there was some decline in the rough diamond output: by 2.5% by volume and by 1% by value. This suggests that the world diamond mining industry has reached its peak level.

Given that the global rough diamond market today is sustainable and demand for rough diamonds is high, it’s hardly possible that any dramatic change in the situation will occur in the diamond mining countries and world diamond trading centres in 2019, so Russia and the ALROSA company will still maintain their lead in diamond production.

Yury Danilov, Ph. D., Lead Research Fellow at the Subsoil Use Innovative Economics Laboratory of the North-Eastern Federal University